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.

Ryder System announced that its board has authorized a share repurchase program on Thursday, December 14th that allows the company to repurchase 1,500,000 outstanding shares. This repurchase authorization allows the transportation company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.

ILLEGAL ACTIVITY WARNING: This piece was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2018/02/12/buckley-wealth-management-llc-buys-shares-of-7900-ryder-system-inc-r.html.

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.

Want to see what other hedge funds are holding R? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryder System, Inc. (NYSE:R).

Institutional Ownership by Quarter for Ryder System (NYSE:R)

Receive News & Ratings for Ryder System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System and related companies with MarketBeat.com's FREE daily email newsletter.