KBC Group NV Purchases 738 Shares of Ryder System, Inc. (NYSE:R)

KBC Group NV boosted its holdings in Ryder System, Inc. (NYSE:R) by 59.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,970 shares of the transportation company’s stock after acquiring an additional 738 shares during the quarter. KBC Group NV’s holdings in Ryder System were worth $309,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in R. Jacobs Levy Equity Management Inc. grew its position in shares of Ryder System by 212.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company’s stock valued at $62,055,000 after acquiring an additional 289,388 shares during the period. FMR LLC increased its position in Ryder System by 56.2% in the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock worth $113,945,000 after buying an additional 281,052 shares during the last quarter. Millennium Management LLC raised its stake in shares of Ryder System by 1,915.0% in the second quarter. Millennium Management LLC now owns 103,935 shares of the transportation company’s stock valued at $12,875,000 after buying an additional 98,777 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Ryder System during the 4th quarter valued at $12,242,000. Finally, Thompson Siegel & Walmsley LLC bought a new position in shares of Ryder System during the 3rd quarter worth $4,243,000. 87.47% of the stock is owned by institutional investors.

Ryder System Price Performance

Ryder System stock opened at $156.08 on Tuesday. The stock has a market capitalization of $6.60 billion, a P/E ratio of 14.60 and a beta of 1.31. The company’s fifty day moving average price is $161.66 and its 200 day moving average price is $150.44. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. Ryder System, Inc. has a 1 year low of $106.62 and a 1 year high of $171.78.

Insider Buying and Selling

In related news, insider Thomas M. Havens sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total value of $629,760.00. Following the completion of the sale, the insider now directly owns 20,504 shares of the company’s stock, valued at $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. The Goldman Sachs Group boosted their target price on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $147.43.

Ryder System Company Profile

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.