Luminus Management buys $146,727,883 stake in Ryder System (R)

Ryder System (R) : Luminus Management scooped up 178,620 additional shares in Ryder System during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,848,191 shares of Ryder System which is valued at $146,727,883.Ryder System makes up approximately 4.53% of Luminus Management’s portfolio.

Other Hedge Funds, Including , Price T Rowe Associates Inc Md reduced its stake in R by selling 500 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 95,375 shares of R which is valued at $7,571,821. Marshall Wace Llp sold out all of its stake in R during the most recent quarter. The investment firm sold 9,019 shares of R which is valued $716,650.Rhumbline Advisers boosted its stake in R in the latest quarter, The investment management firm added 4,107 additional shares and now holds a total of 87,188 shares of Ryder System which is valued at $6,228,711. Ryder System makes up approx 0.02% of Rhumbline Advisers’s portfolio.Lsv Asset Management boosted its stake in R in the latest quarter, The investment management firm added 1,720,119 additional shares and now holds a total of 2,268,976 shares of Ryder System which is valued at $162,095,645. Ryder System makes up approx 0.32% of Lsv Asset Management’s portfolio.

Ryder System opened for trading at $78.7 and hit $79.18 on the upside on Monday, eventually ending the session at $78.76, with a gain of 0.08% or 0.06 points. The heightened volatility saw the trading volume jump to 4,01,481 shares. Company has a market cap of $4,211 M.

On the company’s financial health, Ryder System reported $1.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $1.66. The company had revenue of $1724.00 million for the quarter, compared to analysts expectations of $1701.32 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 EPS.

Many Wall Street Analysts have commented on Ryder System. Stifel Downgraded Ryder System on Nov 15, 2016 to ” Hold”, Price Target of the shares are set at $75.Ryder System was Initiated by CLSA to “Buy” on Sep 30, 2016.

Ryder System Inc. (Ryder) is engaged in offering commercial fleet management and supply chain solutions. Ryder operates in two segments: Fleet Management Solutions (FMS) and Supply Chain Solutions (SCS). The Fleet Management Solutions segment provides service leasing commercial rental contract maintenance and contract-related maintenance of trucks tractors and trailers to customers in the United States Canada and the United Kingdom. The Supply Chain Solutions segment provides supply chain solutions including distribution and transportation services in North America and Asia. The Supply Chain Solutions segment also provides services which includes vehicles and drivers as part of a transportation solution in the United States. In addition the Company’s SCS business as well as its FMS business provides customers with capacity management services.

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