LSV Asset Management Boosts Position in Ryder System, Inc. (NYSE:R)

Key Points

• LSV Asset Management increased its ownership in Ryder System by 0.3%, now holding approximately 3.52% of the company's shares, valued at $209.5 million.
• Ryder System's recent earnings report revealed $3.32 earnings per share, surpassing the consensus estimate of $3.11, while revenue also exceeded expectations with $3.19 billion reported.
• The company announced a quarterly dividend increase to $0.91 per share, effective September 19th, reflecting a positive change from its previous dividend of $0.81.

LSV Asset Management lifted its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,456,453 shares of the transportation company's stock after purchasing an additional 4,912 shares during the quarter. LSV Asset Management owned 3.52% of Ryder System worth $209,453,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC lifted its position in Ryder System by 12.0% during the fourth quarter. LPL Financial LLC now owns 14,552 shares of the transportation company's stock worth $2,283,000 after purchasing an additional 1,557 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Ryder System by 2.8% during the 4th quarter. JPMorgan Chase & Co. now owns 149,415 shares of the transportation company's stock worth $23,437,000 after purchasing an additional 4,062 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Ryder System during the 4th quarter worth $86,000. Pictet Asset Management Holding SA lifted its stake in Ryder System by 7.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,870 shares of the transportation company's stock worth $921,000 after purchasing an additional 422 shares in the last quarter. Finally, World Investment Advisors purchased a new position in Ryder System in the fourth quarter worth $351,000. Institutional investors own 87.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays assumed coverage on shares of Ryder System in a report on Monday, June 9th. They set an "overweight" rating and a $190.00 target price for the company. Stephens lifted their target price on shares of Ryder System from $150.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Morgan Stanley upped 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. Robert W. Baird raised their price target on Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. increased their target price on shares of Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. 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 company's stock. Based on data from MarketBeat.com, Ryder System has a consensus rating of "Moderate Buy" and a consensus price target of $186.50.

Insider Buying and Selling at Ryder System

In related news, CEO Robert E. Sanchez sold 22,063 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $182.49, for a total transaction of $4,026,276.87. Following the completion of the sale, the chief executive officer owned 62,887 shares in the company, valued at $11,476,248.63. This represents a 25.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director E Follin Smith sold 5,523 shares of the business's 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 transaction, the director directly owned 33,779 shares in the company, valued at $6,001,177.14. This represents a 14.05% 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 worth $8,158,745 over the last three months. Insiders own 5.20% of the company's stock.

Ryder System Price Performance

NYSE R traded up $1.68 on Monday, hitting $175.45. The company had a trading volume of 332,233 shares, compared to its average volume of 443,391. The company has a market capitalization of $7.16 billion, a PE ratio of 14.92 and a beta of 1.00. The company's fifty day moving average price is $162.36 and its 200-day moving average price is $154.43. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.82 and a quick ratio of 0.82. Ryder System, Inc. has a 12-month low of $123.36 and a 12-month high of $184.76.

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. 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 during the quarter, compared to analysts' expectations of $3.17 billion. During the same period in the prior year, the business earned $3.00 earnings per share. The company's quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

The business 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 dividend of $0.91 per share. This is a boost from Ryder System's previous quarterly dividend of $0.81. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Monday, August 18th. Ryder System's dividend payout ratio (DPR) is 27.55%.

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.