Community Bank of Raymore Lowers Holdings in Ryder System, Inc. (NYSE:R)

Community Bank of Raymore trimmed its holdings in Ryder System, Inc. (NYSE:R) by 5.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,563 shares of the transportation company’s stock after selling 1,372 shares during the quarter. Ryder System accounts for approximately 2.8% of Community Bank of Raymore’s investment portfolio, making the stock its 12th biggest holding. Community Bank of Raymore’s holdings in Ryder System were worth $3,539,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC purchased a new stake in shares of Ryder System during the 3rd quarter worth about $28,000. Altshuler Shaham Ltd purchased a new stake in shares of Ryder System during the 2nd quarter worth about $29,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Ryder System during the 3rd quarter worth about $34,000. UMB Bank n.a. boosted its stake in shares of Ryder System by 43.2% during the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after acquiring an additional 80 shares in the last quarter. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Ryder System during the 4th quarter worth about $96,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on R. The Goldman Sachs Group increased their target price on shares of Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $147.43.

Ryder System Stock Down 0.0 %

R stock opened at $165.49 on Monday. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 15.48 and a beta of 1.31. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. Ryder System, Inc. has a 12 month low of $106.62 and a 12 month high of $171.78. The firm has a 50-day moving average of $162.02 and a two-hundred day moving average of $147.66.

Ryder System (NYSE:R) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, beating analysts’ consensus estimates of $3.39 by $0.05. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. Ryder System’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.58 EPS. As a group, analysts forecast that Ryder System, Inc. will post 12 earnings per share for the current fiscal year.

Insider Buying and Selling at Ryder System

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

About Ryder System

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.