Strs Ohio Sells 14,034 Shares of Ryder System, Inc. $R

Strs Ohio decreased its holdings in Ryder System, Inc. (NYSE:R) by 93.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 949 shares of the transportation company’s stock after selling 14,034 shares during the quarter. Strs Ohio’s holdings in Ryder System were worth $179,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its position in Ryder System by 4.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,368 shares of the transportation company’s stock worth $258,000 after purchasing an additional 62 shares during the last quarter. Creative Planning grew its stake in shares of Ryder System by 0.3% during the second quarter. Creative Planning now owns 26,279 shares of the transportation company’s stock worth $4,178,000 after purchasing an additional 66 shares during the period. MAI Capital Management increased its stake in shares of Ryder System by 57.6% in the 2nd quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 68 shares during the last quarter. CoreCap Advisors LLC increased its stake in Ryder System by 26.4% in the third quarter. CoreCap Advisors LLC now owns 354 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 74 shares in the last quarter. Finally, Wisconsin Wealth Advisors LLC increased its position in shares of Ryder System by 6.2% in the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 1,739 shares of the transportation company’s stock valued at $276,000 after buying an additional 101 shares in the last quarter. 87.47% of the stock is owned by institutional investors.

Ryder System Price Performance

Ryder System stock opened at $202.80 on Wednesday. The firm has a market cap of $8.19 billion, a PE ratio of 17.13 and a beta of 0.96. The stock’s fifty day moving average price is $189.83 and its two-hundred day moving average price is $182.95. Ryder System, Inc. has a one year low of $125.54 and a one year high of $210.10. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.02 and a quick ratio of 1.02.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wolfe Research reissued a “peer perform” rating on shares of Ryder System in a research note on Thursday, January 8th. Morgan Stanley boosted their price target on shares of Ryder System from $190.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, December 8th. JPMorgan Chase & Co. upped their price objective on Ryder System from $194.00 to $197.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Wells Fargo & Company initiated coverage on shares of Ryder System in a research note on Friday, December 5th. They issued an “overweight” rating and a $210.00 target price for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a report on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $205.67.

Ryder System Profile

Ryder System, Inc is a leading provider of transportation and supply chain management solutions, serving commercial customers across a range of industries. The company’s Fleet Management Solutions segment offers full-service leasing and rental of medium- and heavy-duty trucks, tractors and trailers, along with maintenance and repair services at its network of service locations. Its Supply Chain Solutions segment provides integrated, technology-driven offerings that span managed transportation, dedicated contract carriage, warehousing and distribution, and e-commerce fulfillment.

Founded in 1933 and headquartered in Miami, Florida, Ryder has grown from a regional truck leasing operation into a diversified, global logistics provider.