American Century Companies Inc. Buys 2,876 Shares of Ryder System, Inc. (NYSE:R)

Key Points

• American Century Companies Inc. has increased its stake in Ryder System, Inc. by 0.3%, now owning approximately 846,771 shares worth about $121.77 million.
• Ryder System recently increased its quarterly dividend from $0.81 to $0.91 per share, representing a yield of 2.0% and an annualized amount of $3.64.
• Ryder System reported earnings of $3.32 per share for the last quarter, surpassing estimates and showing a slight increase in revenue from the previous year.

American Century Companies Inc. grew its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 0.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 846,771 shares of the transportation company's stock after buying an additional 2,876 shares during the quarter. American Century Companies Inc. owned approximately 2.05% of Ryder System worth $121,774,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Ryder System during the first quarter worth $26,000. TCTC Holdings LLC lifted its holdings in shares of Ryder System by 116.5% during the first quarter. TCTC Holdings LLC now owns 223 shares of the transportation company's stock worth $32,000 after purchasing an additional 120 shares during the period. Curat Global LLC acquired a new position in shares of Ryder System during the first quarter worth $55,000. Kapitalo Investimentos Ltda acquired a new position in shares of Ryder System during the fourth quarter worth $59,000. Finally, Headlands Technologies LLC acquired a new position in shares of Ryder System during the first quarter worth $86,000. Institutional investors own 87.47% of the company's stock.

Ryder System Price Performance

Shares of NYSE R opened at $179.94 on Friday. The firm's 50-day moving average price is $168.16 and its 200-day moving average price is $155.51. Ryder System, Inc. has a 1-year low of $125.54 and a 1-year high of $184.76. The firm has a market capitalization of $7.34 billion, a P/E ratio of 15.30 and a beta of 1.00. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27.

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

Ryder System Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders 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. This represents a $3.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, August 18th. Ryder System's dividend payout ratio (DPR) is currently 27.55%.

Analyst Upgrades and Downgrades

R has been the topic of a number of recent research reports. Baird R W upgraded shares of Ryder System to a "strong-buy" rating in a report on Tuesday, July 1st. Barclays began coverage on shares of Ryder System in a report on Monday, June 9th. They set an "overweight" rating and a $190.00 price target on the stock. Robert W. Baird boosted their target price on shares of Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Susquehanna began coverage on shares of Ryder System in a report on Tuesday, July 15th. They issued a "positive" rating and a $215.00 target price on the stock. Finally, Wolfe Research upgraded shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 target price on the stock in a report on Tuesday, July 1st. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $186.50.

Insider Activity at Ryder System

In other news, Director E Follin Smith sold 5,523 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $177.66, for a total transaction of $981,216.18. Following the completion of the sale, the director directly owned 33,779 shares of the company's stock, valued at $6,001,177.14. The trade was a 14.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the business'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 sale, the chief financial officer directly owned 26,561 shares of the company's stock, valued at approximately $4,804,088.07. The trade was a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,082 shares of company stock worth $9,340,250 over the last three months. 5.20% of the stock is currently 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.

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