Ryder System, Inc. (NYSE:R) Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its stake in Ryder System, Inc. (NYSE:R - Free Report) by 29.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 304,195 shares of the transportation company's stock after buying an additional 68,316 shares during the quarter. Allianz Asset Management GmbH owned about 0.74% of Ryder System worth $43,746,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. HighTower Advisors LLC boosted its position in Ryder System by 3.2% during the fourth quarter. HighTower Advisors LLC now owns 7,777 shares of the transportation company's stock valued at $1,220,000 after purchasing an additional 240 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Ryder System by 2.0% in the 4th quarter. Corient Private Wealth LLC now owns 6,994 shares of the transportation company's stock valued at $1,097,000 after buying an additional 135 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Ryder System by 70.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 17,511 shares of the transportation company's stock worth $2,747,000 after buying an additional 7,261 shares during the last quarter. Xponance Inc. raised its stake in shares of Ryder System by 8.4% during the 4th quarter. Xponance Inc. now owns 5,058 shares of the transportation company's stock worth $793,000 after acquiring an additional 392 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in Ryder System by 2.5% during the fourth quarter. Teacher Retirement System of Texas now owns 19,446 shares of the transportation company's stock valued at $3,050,000 after acquiring an additional 466 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Trading Up 3.1%

Shares of NYSE:R traded up $5.48 during midday trading on Friday, reaching $182.61. 510,540 shares of the company's stock were exchanged, compared to its average volume of 396,980. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 15.53 and a beta of 0.97. Ryder System, Inc. has a fifty-two week low of $123.36 and a fifty-two week high of $183.17. The firm's 50 day simple moving average is $159.77 and its two-hundred day simple moving average is $153.81. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.10 and a quick ratio of 0.73.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, topping the consensus estimate of $3.11 by $0.21. Ryder System had a return on equity of 17.83% and a net margin of 3.99%. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the business posted $3.00 earnings per share. The company's quarterly revenue was up .2% on a year-over-year basis. As a group, sell-side analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Increases Dividend

The business also recently declared 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. This is an increase from Ryder System's previous quarterly dividend of $0.81. The ex-dividend date is Monday, August 18th. This represents a $3.64 annualized dividend and a yield of 1.99%. Ryder System's dividend payout ratio is 27.55%.

Wall Street Analyst Weigh In

Several analysts have recently commented on R shares. JPMorgan Chase & Co. increased their price objective on Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Barclays started coverage on Ryder System in a research note on Monday, June 9th. They issued an "overweight" rating and a $190.00 price target for 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 note on Friday, April 25th. Robert W. Baird began coverage on shares of Ryder System in a report on Tuesday, July 1st. They set an "outperform" rating and a $186.00 price objective on the stock. Finally, Susquehanna began coverage on shares of Ryder System in a research note on Tuesday, July 15th. They issued a "positive" rating and a $215.00 target price for the company. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $179.43.

Insider Transactions at Ryder System

In other Ryder System news, CEO Robert E. Sanchez sold 18,496 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $155.73, for a total value of $2,880,382.08. Following the sale, the chief executive officer directly owned 40,824 shares in the company, valued at $6,357,521.52. This trade represents a 31.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director E Follin Smith sold 1,243 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $144.38, for a total value of $179,464.34. Following the sale, the director owned 39,802 shares of the company's stock, valued at approximately $5,746,612.76. The trade was a 3.03% decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

Ryder System Company 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.