Entropy Technologies LP acquired a new position in Ryder System, Inc. (NYSE:R - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,516 shares of the transportation company's stock, valued at approximately $506,000.
Several other hedge funds also recently added to or reduced their stakes in R. Leigh Baldwin & CO. LLC acquired a new position in Ryder System during the fourth quarter worth $40,475,000. GAMMA Investing LLC lifted its stake in Ryder System by 20,298.3% during the first quarter. GAMMA Investing LLC now owns 183,789 shares of the transportation company's stock worth $26,431,000 after purchasing an additional 182,888 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Ryder System during the fourth quarter worth $16,317,000. Northern Trust Corp lifted its stake in Ryder System by 28.1% during the fourth quarter. Northern Trust Corp now owns 447,890 shares of the transportation company's stock worth $70,256,000 after purchasing an additional 98,196 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in shares of Ryder System by 2,500.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 91,393 shares of the transportation company's stock valued at $14,336,000 after acquiring an additional 87,879 shares in the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Ryder System news, CFO Cristina Gallo-Aquino sold 1,000 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $180.87, for a total transaction of $180,870.00. Following the transaction, the chief financial officer owned 26,561 shares of the company's stock, valued at approximately $4,804,088.07. This trade represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert E. Sanchez sold 22,063 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $182.49, for a total value of $4,026,276.87. Following the transaction, the chief executive officer directly owned 62,887 shares in the company, valued at approximately $11,476,248.63. This represents a 25.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,582 shares of company stock valued at $8,158,745. 5.20% of the stock is currently owned by insiders.
Analysts Set New Price Targets
R has been the topic of several analyst reports. Susquehanna initiated coverage on Ryder System in a research note on Tuesday, July 15th. They issued a "positive" rating and a $215.00 price objective on the stock. Robert W. Baird increased their price objective on Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Wolfe Research upgraded Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price objective on the stock in a research note on Tuesday, July 1st. Baird R W upgraded Ryder System to a "strong-buy" rating in a research note on Tuesday, July 1st. Finally, Morgan Stanley increased their price objective on Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $186.50.
Check Out Our Latest Stock Analysis on R
Ryder System Stock Performance
Shares of R stock opened at $183.60 on Thursday. The stock's 50-day moving average is $166.90 and its two-hundred day moving average is $155.27. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 15.61 and a beta of 1.00. Ryder System, Inc. has a 1 year low of $125.54 and a 1 year high of $184.76. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.82 and a current ratio of 0.82.
Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The transportation company reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.21. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.17 billion. Ryder System had a return on equity of 17.83% and a net margin of 3.99%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company posted $3.00 earnings per share. Analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.
Ryder System Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 18th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, August 18th. This is a positive change from Ryder System's previous quarterly dividend of $0.81. This represents a $3.64 annualized dividend and a dividend yield of 2.0%. Ryder System's dividend payout ratio is 27.55%.
About Ryder System
(
Free Report)
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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