Natixis Advisors LLC Has $18.65 Million Stock Holdings in Ryder System, Inc. (NYSE:R)

Key Points

• Natixis Advisors LLC increased its stake in Ryder System, Inc. by 11.0%, holding 129,713 shares valued at approximately $18.65 million as of the end of the first quarter.
• Ryder System reported $3.32 earnings per share for the latest quarter, exceeding analysts' expectations, with revenue of $3.19 billion, a 0.2% increase compared to the previous year.
• The company has declared a quarterly dividend of $0.91, representing a 2.1% yield and an increase from the previous dividend of $0.81, scheduled for payment on September 19th.

Natixis Advisors LLC increased its position in Ryder System, Inc. (NYSE:R - Free Report) by 11.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,713 shares of the transportation company's stock after acquiring an additional 12,818 shares during the period. Natixis Advisors LLC owned approximately 0.31% of Ryder System worth $18,654,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. TCTC Holdings LLC lifted its holdings in shares of Ryder System by 116.5% during the 1st quarter. TCTC Holdings LLC now owns 223 shares of the transportation company's stock worth $32,000 after acquiring an additional 120 shares during the period. Mackenzie Financial Corp raised its holdings in Ryder System by 12.5% in the first quarter. Mackenzie Financial Corp now owns 18,385 shares of the transportation company's stock valued at $2,644,000 after acquiring an additional 2,039 shares in the last quarter. Sheaff Brock Investment Advisors LLC bought a new position in Ryder System during the 1st quarter worth approximately $6,926,000. LPL Financial LLC lifted its position in shares of Ryder System by 31.7% in the 1st quarter. LPL Financial LLC now owns 19,168 shares of the transportation company's stock worth $2,756,000 after buying an additional 4,616 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in Ryder System by 11.5% during the 1st quarter. Cetera Investment Advisers now owns 23,660 shares of the transportation company's stock valued at $3,403,000 after purchasing an additional 2,442 shares during the period. Hedge funds and other institutional investors own 87.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Ryder System from $186.00 to $192.00 and gave the stock an "outperform" rating in a research report 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 for the company in a research report on Tuesday, July 1st. JPMorgan Chase & Co. increased their price target on Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Morgan Stanley raised their target price on shares of Ryder System from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, Susquehanna initiated coverage on Ryder System in a research report on Tuesday, July 15th. They set a "positive" rating and a $215.00 price target on the stock. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Ryder System has a consensus rating of "Moderate Buy" and an average price target of $186.50.

Insider Buying and Selling at Ryder System

In other Ryder System news, Director E Follin Smith sold 5,523 shares of Ryder System stock in a transaction on 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert E. Sanchez sold 22,063 shares of Ryder System 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 transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 47,582 shares of company stock worth $8,158,745 over the last ninety days. Corporate insiders own 5.20% of the company's stock.

Ryder System Stock Down 1.6%

Shares of NYSE:R traded down $2.84 on Thursday, reaching $175.78. The company had a trading volume of 118,949 shares, compared to its average volume of 381,354. The stock has a 50-day moving average price of $163.95 and a 200 day moving average price of $154.82. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.27. Ryder System, Inc. has a twelve month low of $125.54 and a twelve month high of $184.76. The stock has a market capitalization of $7.17 billion, a P/E ratio of 14.95 and a beta of 1.00.

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

Ryder System Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 18th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.1%. 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 dividend payout ratio (DPR) is presently 30.95%.

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.