Ryder System, Inc. (NYSE:R) Stock Holdings Lifted by NewEdge Wealth LLC

Key Points

• NewEdge Wealth LLC increased its position in Ryder System by 9.8%, now owning approximately 0.54% of the company, valued at $31.9 million.
• Ryder System recently declared a quarterly dividend of $0.91 per share, up from the previous $0.81, indicating a strong commitment to returning capital to shareholders.
• Analysts have a consensus rating of "Moderate Buy" for Ryder System, with price targets ranging from $165 to $190.

NewEdge Wealth LLC grew its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 9.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 221,943 shares of the transportation company's stock after buying an additional 19,773 shares during the period. NewEdge Wealth LLC owned 0.54% of Ryder System worth $31,918,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Ryder System during the 1st quarter valued at $26,000. TCTC Holdings LLC raised its stake in 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 buying an additional 120 shares during the period. Curat Global LLC acquired a new position in Ryder System during the 1st quarter worth approximately $55,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Ryder System in the fourth quarter worth approximately $59,000. Finally, Group One Trading LLC increased its position in shares of Ryder System by 553.0% during the fourth quarter. Group One Trading LLC now owns 653 shares of the transportation company's stock valued at $102,000 after acquiring an additional 553 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors.

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 transaction, the director directly owned 33,779 shares in the company, valued at $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 available through this link. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the company'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 transaction, the chief financial officer owned 26,561 shares in the company, valued at $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 sold a total of 47,582 shares of company stock valued at $8,158,745 over the last ninety days. Insiders own 5.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on R. JPMorgan Chase & Co. upped 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. Wolfe Research raised Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 target price for the company in a research report on Tuesday, July 1st. Robert W. Baird increased their target price on Ryder System from $186.00 to $192.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Barclays assumed coverage on Ryder System in a research note on Monday, June 9th. They set an "overweight" rating and a $190.00 target price on the stock. Finally, Susquehanna initiated coverage on shares of Ryder System in a research note on Tuesday, July 15th. They set a "positive" rating and a $215.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Ryder System presently has a consensus rating of "Moderate Buy" and a consensus price target of $186.50.

Ryder System Stock Performance

Shares of R stock traded down $1.64 on Thursday, hitting $176.98. The company had a trading volume of 44,108 shares, compared to its average volume of 380,912. The company 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 firm has a market cap of $7.22 billion, a P/E ratio of 15.02 and a beta of 1.00.

Ryder System (NYSE:R - Get Free Report) last released 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 business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.17 billion. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The business's revenue was up .2% on a year-over-year basis. During the same period last year, the company posted $3.00 EPS. As a group, equities research analysts predict that Ryder System, Inc. will post 13.68 earnings per share 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 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 of this dividend is Monday, August 18th. Ryder System's dividend payout ratio 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.