Raymond James Financial Services Advisors Inc. boosted its position in Ryder System, Inc. (NYSE:R – Free Report) by 44.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,785 shares of the transportation company’s stock after purchasing an additional 1,171 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Ryder System were worth $321,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Ryder System by 7.9% during the 1st quarter. Vanguard Group Inc. now owns 5,735,585 shares of the transportation company’s stock valued at $455,004,000 after buying an additional 421,132 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in Ryder System by 115,284.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,378,461 shares of the transportation company’s stock valued at $282,338,000 after buying an additional 3,375,533 shares during the last quarter. State Street Corp grew its holdings in Ryder System by 5.9% during the 1st quarter. State Street Corp now owns 1,825,239 shares of the transportation company’s stock valued at $144,796,000 after buying an additional 101,962 shares during the last quarter. Morgan Stanley grew its holdings in Ryder System by 8.4% during the 4th quarter. Morgan Stanley now owns 875,859 shares of the transportation company’s stock valued at $73,196,000 after buying an additional 67,658 shares during the last quarter. Finally, Norges Bank acquired a new stake in Ryder System during the 4th quarter valued at $61,907,000. 83.62% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Ryder System
In other Ryder System news, insider John S. Sensing sold 32,799 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $101.38, for a total value of $3,325,162.62. Following the transaction, the insider now directly owns 45,428 shares of the company’s stock, valued at $4,605,490.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Thomas M. Havens sold 7,000 shares of Ryder System stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $98.14, for a total transaction of $686,980.00. Following the sale, the insider now directly owns 20,114 shares of the company’s stock, valued at $1,973,987.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider John S. Sensing sold 32,799 shares of Ryder System stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $101.38, for a total value of $3,325,162.62. Following the sale, the insider now directly owns 45,428 shares in the company, valued at $4,605,490.64. The disclosure for this sale can be found here. Insiders have sold 53,244 shares of company stock valued at $5,369,450 over the last three months. 4.00% of the stock is owned by company insiders.
Analysts Set New Price Targets
Ryder System Trading Up 2.9 %
Shares of R opened at $100.80 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $4.47 billion, a P/E ratio of 9.89 and a beta of 1.48. The stock’s fifty day simple moving average is $100.90 and its 200 day simple moving average is $91.91. Ryder System, Inc. has a twelve month low of $76.15 and a twelve month high of $107.90.
Ryder System (NYSE:R – Get Free Report) last issued its earnings results on Wednesday, October 25th. The transportation company reported $3.58 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.20. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $3.01 billion. Ryder System had a return on equity of 21.80% and a net margin of 4.12%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the company posted $4.45 EPS. On average, equities research analysts forecast that Ryder System, Inc. will post 12.73 earnings per share for the current year.
Ryder System Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.82%. The ex-dividend date is Friday, November 17th. Ryder System’s dividend payout ratio (DPR) is presently 27.87%.
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.
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