1,621 Shares in Ryder System, Inc. $R Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC purchased a new position in shares of Ryder System, Inc. (NYSE:R - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,621 shares of the transportation company's stock, valued at approximately $258,000.

Several other hedge funds have also added to or reduced their stakes in the company. CWM LLC lifted its holdings in Ryder System by 46.5% during the 2nd quarter. CWM LLC now owns 1,263 shares of the transportation company's stock worth $201,000 after purchasing an additional 401 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Ryder System by 2.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,629 shares of the transportation company's stock worth $1,219,000 after purchasing an additional 168 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of Ryder System during the 2nd quarter worth approximately $37,000. Blue Trust Inc. grew its position in shares of Ryder System by 10.4% during the 2nd quarter. Blue Trust Inc. now owns 6,207 shares of the transportation company's stock worth $987,000 after purchasing an additional 584 shares in the last quarter. Finally, Total Wealth Planning & Management Inc. grew its position in shares of Ryder System by 12.4% during the 2nd quarter. Total Wealth Planning & Management Inc. now owns 2,773 shares of the transportation company's stock worth $441,000 after purchasing an additional 307 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Ryder System from a "hold" rating to a "buy" rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. increased their target price on shares of Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Susquehanna assumed coverage on shares of Ryder System in a research report on Tuesday, July 15th. They set a "positive" rating and a $215.00 target price on the stock. Stephens increased their target price on shares of Ryder System from $150.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Finally, Wolfe Research upgraded shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price target on the stock in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $193.22.

Insiders Place Their Bets

In related news, CFO Cristina Gallo-Aquino sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $180.87, for a total value of $180,870.00. Following the completion of the transaction, the chief financial officer owned 26,561 shares of the company's stock, valued at $4,804,088.07. This represents a 3.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas M. Havens sold 6,500 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $181.77, for a total transaction of $1,181,505.00. Following the transaction, the insider directly owned 32,478 shares of the company's stock, valued at $5,903,526.06. The trade was a 16.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,618 shares of company stock worth $7,587,997 over the last 90 days. Insiders own 5.20% of the company's stock.

Ryder System Price Performance

Shares of NYSE:R opened at $182.43 on Thursday. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 15.51 and a beta of 1.00. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a 50 day simple moving average of $185.42 and a 200 day simple moving average of $166.34. Ryder System, Inc. has a one year low of $125.54 and a one year high of $195.48.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, beating the consensus estimate of $3.11 by $0.21. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.17 billion. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The firm's revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.00 EPS. Research analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Monday, November 17th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $3.64 annualized dividend and a yield of 2.0%. Ryder System's dividend payout ratio is presently 30.95%.

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.

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