Ryder System, Inc. (NYSE:R) Holdings Raised by Cetera Investment Advisers

Cetera Investment Advisers boosted its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 11.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,660 shares of the transportation company's stock after buying an additional 2,442 shares during the quarter. Cetera Investment Advisers owned approximately 0.06% of Ryder System worth $3,403,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Leigh Baldwin & CO. LLC purchased a new position in Ryder System during the 4th quarter valued at about $40,475,000. State of Alaska Department of Revenue raised its position in shares of Ryder System by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 4,928 shares of the transportation company's stock valued at $708,000 after buying an additional 105 shares during the last quarter. DAVENPORT & Co LLC purchased a new position in shares of Ryder System during the 1st quarter worth about $557,000. GAMMA Investing LLC grew its position in Ryder System by 41.8% during the first quarter. GAMMA Investing LLC now owns 1,278 shares of the transportation company's stock valued at $184,000 after acquiring an additional 377 shares during the period. Finally, Gotham Asset Management LLC boosted its position in Ryder System by 10.3% during the 4th quarter. Gotham Asset Management LLC now owns 73,785 shares of the transportation company's stock worth $11,574,000 after purchasing an additional 6,908 shares during the period. Hedge funds and other institutional investors own 87.47% of the company's stock.

Ryder System Price Performance

Shares of R stock traded up $1.11 on Wednesday, reaching $178.49. The company's stock had a trading volume of 258,381 shares, compared to its average volume of 383,249. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27. The stock's fifty day simple moving average is $163.38 and its 200-day simple moving average is $154.66. Ryder System, Inc. has a 1 year low of $125.54 and a 1 year high of $184.76. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 15.18 and a beta of 1.00.

Ryder System (NYSE:R - Get Free Report) last issued its earnings results on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, beating analysts' consensus estimates of $3.11 by $0.21. The firm 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%. Ryder System's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.00 earnings per share. Analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.0%. This is a boost from Ryder System's previous quarterly dividend of $0.81. The ex-dividend date is Monday, August 18th. Ryder System's payout ratio is currently 27.55%.

Wall Street Analysts Forecast Growth

R has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Baird R W raised Ryder System to a "strong-buy" rating in a report on Tuesday, July 1st. Barclays initiated coverage on shares of Ryder System in a report on Monday, June 9th. They set an "overweight" rating and a $190.00 price objective on the stock. Robert W. Baird upped their price target on Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Finally, Stephens raised their target price on shares of Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Ryder System presently has an average rating of "Moderate Buy" and a consensus target price of $186.50.

Insiders Place Their Bets

In related news, CEO Robert E. Sanchez sold 22,063 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $182.49, for a total value of $4,026,276.87. Following the sale, the chief executive officer directly owned 62,887 shares in the company, valued at $11,476,248.63. The trade was a 25.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $180.87, for a total transaction of $180,870.00. Following the completion of the transaction, the chief financial officer directly owned 26,561 shares of the company's stock, valued at $4,804,088.07. The trade was a 3.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,582 shares of company stock worth $8,158,745 over the last three months. Company insiders own 5.20% of the company's stock.

About Ryder System

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.