Symphony Financial Ltd. Co. Reduces Stock Position in Ryder System, Inc. (NYSE:R)

Symphony Financial Ltd. Co. decreased its stake in shares of Ryder System, Inc. (NYSE:R) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,093 shares of the transportation company’s stock after selling 86 shares during the period. Symphony Financial Ltd. Co.’s holdings in Ryder System were worth $512,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC bought a new stake in Ryder System during the third quarter valued at approximately $28,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Ryder System in the 3rd quarter worth $34,000. UMB Bank n.a. lifted its position in Ryder System by 43.2% during the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 80 shares in the last quarter. R Squared Ltd bought a new stake in Ryder System during the fourth quarter valued at about $45,000. Finally, Decker Retirement Planning Inc. purchased a new stake in Ryder System in the fourth quarter worth about $96,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Insiders Place Their Bets

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

Ryder System Stock Performance

Shares of NYSE R opened at $159.53 on Friday. Ryder System, Inc. has a 1 year low of $106.62 and a 1 year high of $171.78. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. The company’s fifty day moving average price is $161.93 and its 200 day moving average price is $150.06. The company has a market capitalization of $6.75 billion, a PE ratio of 14.92 and a beta of 1.31.

Analyst Upgrades and Downgrades

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

Ryder System Profile

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.