Buckley Wealth Management LLC Buys Shares of 7,900 Ryder System, Inc. (R)
Buckley Wealth Management LLC bought a new stake in shares of Ryder System, Inc. (NYSE:R) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 7,900 shares of the transportation company’s stock, valued at approximately $665,000.
A number of other large investors also recently added to or reduced their stakes in R. Pzena Investment Management LLC purchased a new stake in Ryder System during the 3rd quarter valued at $47,625,000. Impala Asset Management LLC purchased a new stake in Ryder System during the 3rd quarter valued at $23,404,000. Cornerstone Capital Management Holdings LLC. raised its holdings in Ryder System by 208.0% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 356,907 shares of the transportation company’s stock valued at $30,175,000 after buying an additional 241,018 shares during the period. Schroder Investment Management Group raised its holdings in Ryder System by 22.6% during the 3rd quarter. Schroder Investment Management Group now owns 1,073,478 shares of the transportation company’s stock valued at $90,182,000 after buying an additional 198,098 shares during the period. Finally, Jane Street Group LLC raised its holdings in Ryder System by 101.9% during the 3rd quarter. Jane Street Group LLC now owns 3,477 shares of the transportation company’s stock valued at $294,000 after buying an additional 188,010 shares during the period. Institutional investors own 88.64% of the company’s stock.
Shares of Ryder System, Inc. (NYSE:R) opened at $80.67 on Monday. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.02 and a quick ratio of 0.96. Ryder System, Inc. has a 52 week low of $62.52 and a 52 week high of $90.26. The firm has a market capitalization of $4,270.00, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 0.92 and a beta of 1.41.
In other Ryder System news, EVP Robert D. Fatovic sold 17,755 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $82.44, for a total value of $1,463,722.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John J. Gleason sold 8,760 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $78.30, for a total value of $685,908.00. The disclosure for this sale can be found here. Company insiders own 1.95% of the company’s stock.
R has been the topic of several recent research reports. Zacks Investment Research lowered Ryder System from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Buckingham Research increased their price target on Ryder System from $92.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. ValuEngine lowered Ryder System from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Stifel Nicolaus restated a “hold” rating and set a $86.00 price target on shares of Ryder System in a report on Thursday, January 18th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $88.71.
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About Ryder System
Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.
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