Thrivent Financial for Lutherans Raises Stock Holdings in Ryder System, Inc. $R

Thrivent Financial for Lutherans increased its holdings in shares of Ryder System, Inc. (NYSE:R) by 76.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,941 shares of the transportation company’s stock after purchasing an additional 29,029 shares during the period. Thrivent Financial for Lutherans’ holdings in Ryder System were worth $12,628,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

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

Ryder System Price Performance

R stock opened at $213.21 on Thursday. The stock’s 50 day moving average price is $190.65 and its 200 day moving average price is $183.16. The firm has a market cap of $8.61 billion, a P/E ratio of 18.01 and a beta of 0.96. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.02 and a current ratio of 1.02. Ryder System, Inc. has a 1 year low of $125.54 and a 1 year high of $214.16.

About Ryder System

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.