Nisa Investment Advisors LLC lifted its position in Ryder System, Inc. (NYSE:R - Free Report) by 266.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,698 shares of the transportation company's stock after buying an additional 33,214 shares during the quarter. Nisa Investment Advisors LLC owned about 0.11% of Ryder System worth $6,572,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in R. Earnest Partners LLC raised its stake in Ryder System by 2.4% in the fourth quarter. Earnest Partners LLC now owns 1,905,223 shares of the transportation company's stock valued at $298,853,000 after purchasing an additional 45,393 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Ryder System by 1.6% during the fourth quarter. Sei Investments Co. now owns 856,507 shares of the transportation company's stock worth $134,351,000 after purchasing an additional 13,529 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Ryder System by 0.3% during the fourth quarter. American Century Companies Inc. now owns 843,895 shares of the transportation company's stock worth $132,373,000 after purchasing an additional 2,121 shares during the last quarter. FMR LLC grew its holdings in shares of Ryder System by 3.1% during the fourth quarter. FMR LLC now owns 805,571 shares of the transportation company's stock worth $126,362,000 after purchasing an additional 24,052 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Ryder System during the fourth quarter worth about $97,844,000. 87.47% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
R has been the topic of several analyst reports. Baird R W upgraded Ryder System to a "strong-buy" rating in a report on Tuesday, July 1st. Wall Street Zen cut Ryder System from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Robert W. Baird initiated coverage on Ryder System in a report on Tuesday, July 1st. They issued an "outperform" rating and a $186.00 target price on the stock. Barclays initiated coverage on Ryder System in a report on Monday, June 9th. They issued an "overweight" rating and a $190.00 target price on the stock. Finally, Wolfe Research upgraded 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 analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Ryder System currently has an average rating of "Moderate Buy" and an average price target of $173.50.
Check Out Our Latest Stock Report on R
Ryder System Price Performance
Shares of NYSE:R opened at $176.25 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.21. Ryder System, Inc. has a twelve month low of $123.36 and a twelve month high of $177.40. The stock's 50 day moving average is $155.29 and its 200-day moving average is $152.76. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 15.37 and a beta of 0.97.
Ryder System (NYSE:R - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share for the quarter, topping analysts' consensus estimates of $2.40 by $0.06. Ryder System had a return on equity of 17.64% and a net margin of 3.96%. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period in the prior year, the firm earned $2.14 earnings per share. Ryder System's revenue for the quarter was up 1.1% on a year-over-year basis. 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. Investors of record on Monday, August 18th will be issued a dividend of $0.91 per share. The ex-dividend date is Monday, August 18th. This represents a $3.64 annualized dividend and a yield of 2.07%. This is an increase from Ryder System's previous quarterly dividend of $0.81. Ryder System's dividend payout ratio is 28.25%.
Insider Buying and Selling at Ryder System
In related news, Director E Follin Smith sold 1,243 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $144.38, for a total transaction of $179,464.34. Following the completion of the sale, the director owned 39,802 shares in the company, valued at approximately $5,746,612.76. This represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert E. Sanchez sold 18,496 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total value of $2,880,382.08. Following the completion of the transaction, the chief executive officer owned 40,824 shares of the company's stock, valued at $6,357,521.52. This trade represents a 31.18% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.
About Ryder System
(
Free Report)
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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