Pzena Investment Management Llc Increased Ryder System Inc. (NYSE:R) Stake by $30.35 Million

August 12, 2018 - By Michele Cranor

Ryder System, Inc. (NYSE:R) LogoInvestors sentiment decreased to 1.16 in Q1 2018. Its down 0.03, from 1.19 in 2017Q4. It dived, as 30 investors sold R shares while 85 reduced holdings. 43 funds opened positions while 90 raised stakes. 47.02 million shares or 1.23% less from 47.61 million shares in 2017Q4 were reported. Fuller And Thaler Asset Mgmt invested in 190 shares or 0% of the stock. The Texas-based Texas Permanent School Fund has invested 0.03% in Ryder System, Inc. (NYSE:R). Mason Street Lc holds 26,609 shares or 0.05% of its portfolio. First Mercantile Trust Company invested 0.04% in Ryder System, Inc. (NYSE:R). Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 3,578 shares. First Quadrant Limited Partnership Ca invested 0.17% in Ryder System, Inc. (NYSE:R). Wisconsin-based Artisan Limited Partnership has invested 0.26% in Ryder System, Inc. (NYSE:R). 2,972 were accumulated by Legacy Cap Inc. State Of Wisconsin Invest Board accumulated 10,550 shares. Balyasny Asset Management Limited Liability Co reported 47,205 shares or 0.01% of all its holdings. Barrow Hanley Mewhinney Strauss Lc owns 0.14% invested in Ryder System, Inc. (NYSE:R) for 1.23M shares. Oregon Pub Employees Retirement Fund reported 0.02% stake. 4,377 are owned by Visionary Asset Incorporated. Minnesota-based Ameriprise Incorporated has invested 0.01% in Ryder System, Inc. (NYSE:R). Neuberger Berman Group Ltd Com owns 0.03% invested in Ryder System, Inc. (NYSE:R) for 399,624 shares.

Since May 4, 2018, it had 0 insider buys, and 4 sales for $600,855 activity. On Tuesday, May 8 the insider BERRA JOHN M sold $135,977. 3,412 Ryder System, Inc. (NYSE:R) shares with value of $262,110 were sold by GARCIA ART A. Shares for $67,589 were sold by SMITH E FOLLIN.

Pzena Investment Management Llc increased its stake in Ryder System Inc. (NYSE:R) by 25.77% based on its latest 2018Q2 regulatory filing with the SEC. Pzena Investment Management Llc bought 427,482 shares as the company’s stock declined 9.10% with the market. The hedge fund held 2.09 million shares of the consumer services company at the end of 2018Q2, valued at $149.92M, up from 1.66 million at the end of the previous reported quarter. Pzena Investment Management Llc who had been investing in Ryder System Inc. for a number of months, seems to be bullish on the $4.07 billion market cap company. The stock decreased 0.85% or $0.66 during the last trading session, reaching $76.58. About 403,106 shares traded. Ryder System, Inc. (NYSE:R) has risen 3.46% since August 13, 2017 and is uptrending. It has underperformed by 9.11% the S&P500.

Pzena Investment Management Llc, which manages about $24.64 billion and $19.89 billion US Long portfolio, decreased its stake in Synovus Financial Corp (NYSE:SNV) by 260,131 shares to 613,128 shares, valued at $32.39 million in 2018Q2, according to the filing. It also reduced its holding in Hp Inc () by 1.93 million shares in the quarter, leaving it with 1.92 million shares, and cut its stake in Cubic Corp (NYSE:CUB).

The focus of the firm Pzena Investment Management is on value investing. It was created in 1996 by Richard S Pzena. The firm has offices in Melbourne, Australia and New York City. Pzena Investment Management Llc is a New York-based hedge fund that was founded by Richard S. Pzena. It had more than $24.64 billion assets under management in March, 2014. Taken from Pzena Investment Management latest Adv, the fund reported to have 75 full and part-time employees. Among which 33 performing investment advisory and research functions. The hedge fund had more than 300 clients.

Ryder System, Inc. (NYSE:R) Ratings Coverage

Among 9 analysts covering Ryder System (NYSE:R), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. Ryder System had 14 analyst reports since February 16, 2018 according to SRatingsIntel. The rating was maintained by Seaport Global on Thursday, February 22 with “Hold”. The rating was maintained by Stifel Nicolaus on Thursday, July 26 with “Hold”. The firm has “Buy” rating given on Tuesday, April 10 by Robert W. Baird. On Thursday, February 22 the stock rating was maintained by Stifel Nicolaus with “Hold”. Robert W. Baird maintained it with “Buy” rating and $95.0 target in Friday, February 16 report. The rating was maintained by Buckingham Research with “Buy” on Tuesday, February 20. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Friday, June 22 report. The firm has “Buy” rating by Robert W. Baird given on Tuesday, April 24. The stock of Ryder System, Inc. (NYSE:R) earned “Hold” rating by Stifel Nicolaus on Tuesday, April 24. JP Morgan maintained it with “Neutral” rating and $73 target in Tuesday, February 20 report.

Ryder System, Inc. provides transportation and supply chain management solutions to small businesses and large enterprises worldwide. The company has market cap of $4.07 billion. The firm operates through three divisions: Fleet Management Solutions, Dedicated Transportation Solutions, and Supply Chain Solutions. It has a 5.22 P/E ratio. It offers fleet management solutions, including vehicles, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; contract maintenance services; and contract-related maintenance services for trucks, tractors, and trailers.

More important recent Ryder System, Inc. (NYSE:R) news were published by: Benzinga.com which released: “Dedicated, Lease Operations Power Ryder Earnings” on July 26, 2018, also Seekingalpha.com published article titled: “Ryder +4% after guidance hike”, Benzinga.com published: “Earnings Scheduled For July 25, 2018” on July 25, 2018. More interesting news about Ryder System, Inc. (NYSE:R) was released by: Seekingalpha.com and their article: “Ryder System (R) Q2 2018 Results – Earnings Call Transcript” with publication date: July 25, 2018.

Ryder System, Inc. (NYSE:R) Institutional Positions Chart

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