Cetera Investment Advisers Buys 2,442 Shares of Ryder System, Inc. (NYSE:R)

Cetera Investment Advisers raised its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 11.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,660 shares of the transportation company's stock after acquiring an additional 2,442 shares during the quarter. Cetera Investment Advisers owned about 0.06% of Ryder System worth $3,403,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Avantax Advisory Services Inc. increased its stake in shares of Ryder System by 7.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 1,854 shares of the transportation company's stock valued at $267,000 after acquiring an additional 130 shares in the last quarter. Royce & Associates LP acquired a new position in shares of Ryder System during the first quarter valued at about $1,312,000. AE Wealth Management LLC grew its stake in Ryder System by 12.7% in the first quarter. AE Wealth Management LLC now owns 119,124 shares of the transportation company's stock valued at $17,132,000 after acquiring an additional 13,389 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Ryder System by 3.1% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 107,282 shares of the transportation company's stock valued at $15,428,000 after acquiring an additional 3,258 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of Ryder System by 29.0% during the first quarter. Allianz Asset Management GmbH now owns 304,195 shares of the transportation company's stock worth $43,746,000 after purchasing an additional 68,316 shares during the period. Institutional investors own 87.47% of the company's stock.

Insider Buying and Selling

In other Ryder System news, Director E Follin Smith sold 5,523 shares of Ryder System stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $177.66, for a total value of $981,216.18. Following the sale, the director owned 33,779 shares of the company's stock, valued at approximately $6,001,177.14. The trade was a 14.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert E. Sanchez sold 22,063 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $182.49, for a total transaction of $4,026,276.87. Following the sale, the chief executive officer owned 62,887 shares of the company's stock, valued at approximately $11,476,248.63. The trade was a 25.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,582 shares of company stock worth $8,158,745. Insiders own 5.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on R. Morgan Stanley lifted their price target on shares of Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. 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 for the company. JPMorgan Chase & Co. upped their target price on shares of Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Stephens lifted their price target on Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Finally, Susquehanna started coverage on Ryder System in a report on Tuesday, July 15th. They set a "positive" rating and a $215.00 price objective for the company. 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $186.50.

Ryder System Stock Up 1.1%

R stock traded up $1.94 during trading on Friday, reaching $177.73. The stock had a trading volume of 80,133 shares, compared to its average volume of 380,194. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.27. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 15.11 and a beta of 1.00. Ryder System, Inc. has a one year low of $125.54 and a one year high of $184.76. The company's 50 day moving average is $164.46 and its two-hundred day moving average is $154.89.

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

Ryder System Increases Dividend

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

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.