Focus Partners Wealth Purchases Shares of 1,716 Ryder System, Inc. (NYSE:R)

Focus Partners Wealth bought a new position in Ryder System, Inc. (NYSE:R - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,716 shares of the transportation company's stock, valued at approximately $269,000.

Other large investors also recently modified their holdings of the company. Barclays PLC boosted its stake in shares of Ryder System by 13.1% in the 3rd quarter. Barclays PLC now owns 28,780 shares of the transportation company's stock valued at $4,196,000 after purchasing an additional 3,344 shares during the last quarter. UMB Bank n.a. grew its holdings in Ryder System by 36.6% during the 4th quarter. UMB Bank n.a. now owns 362 shares of the transportation company's stock worth $57,000 after acquiring an additional 97 shares during the period. DGS Capital Management LLC raised its position in shares of Ryder System by 7.9% during the 4th quarter. DGS Capital Management LLC now owns 1,538 shares of the transportation company's stock valued at $241,000 after acquiring an additional 113 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its stake in shares of Ryder System by 23.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 5,962 shares of the transportation company's stock valued at $935,000 after purchasing an additional 1,123 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Ryder System by 17.3% in the 4th quarter. Blue Trust Inc. now owns 5,952 shares of the transportation company's stock worth $868,000 after purchasing an additional 877 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Price Performance

R traded down $0.11 during trading on Wednesday, hitting $152.26. 25,325 shares of the stock traded hands, compared to its average volume of 384,733. The business has a 50 day moving average price of $143.71 and a 200 day moving average price of $154.18. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. Ryder System, Inc. has a twelve month low of $116.58 and a twelve month high of $171.78. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 13.73 and a beta of 0.94.

Ryder System (NYSE:R - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, topping analysts' consensus estimates of $2.40 by $0.06. The firm had revenue of $3.13 billion during the quarter, compared to analysts' expectations of $3.17 billion. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.14 earnings per share. Equities research analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 19th will be issued a $0.81 dividend. The ex-dividend date is Monday, May 19th. This represents a $3.24 dividend on an annualized basis and a yield of 2.13%. Ryder System's payout ratio is presently 28.25%.

Insider Activity

In other Ryder System news, CEO Robert E. Sanchez sold 18,496 shares of Ryder System stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total value of $2,880,382.08. Following the completion of the sale, the chief executive officer now directly owns 40,824 shares of the company's stock, valued at approximately $6,357,521.52. The trade was a 31.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director E Follin Smith sold 1,243 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $144.38, for a total transaction of $179,464.34. Following the transaction, the director now directly owns 39,802 shares in the company, valued at $5,746,612.76. This trade represents a 3.03% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Stephens dropped their price target on Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Wall Street Zen downgraded shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Ryder System currently has an average rating of "Moderate Buy" and an average price target of $160.50.

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.