LSV Asset Management Buys 4,912 Shares of 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 raised its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 0.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,456,453 shares of the transportation company's stock after acquiring an additional 4,912 shares during the quarter. LSV Asset Management owned 3.52% of Ryder System worth $209,453,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of R. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Ryder System in the 1st quarter worth approximately $26,000. TCTC Holdings LLC grew 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 last quarter. Curat Global LLC bought a new position in Ryder System during the 1st quarter worth $55,000. Kapitalo Investimentos Ltda bought a new position in shares of Ryder System in the fourth quarter worth $59,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of Ryder System in the fourth quarter worth $86,000. Institutional investors and hedge funds own 87.47% of the company's stock.

Ryder System Price Performance

Shares of R traded up $1.11 during trading hours on Wednesday, reaching $178.49. The stock had a trading volume of 181,306 shares, compared to its average volume of 382,459. The stock has a market capitalization of $7.28 billion, a PE ratio of 15.18 and a beta of 1.00. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.82 and a current ratio of 0.82. Ryder System, Inc. has a 12 month low of $125.54 and a 12 month high of $184.76. The company's 50-day moving average is $163.38 and its two-hundred day moving average is $154.66.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly 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 during 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 business's revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $3.00 EPS. Research analysts expect that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be paid a $0.91 dividend. The ex-dividend date is Monday, August 18th. This is a positive change 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%.

Insider Activity at Ryder System

In other news, Director E Follin Smith sold 5,523 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $177.66, for a total value of $981,216.18. Following the transaction, the director owned 33,779 shares of the company's stock, valued at approximately $6,001,177.14. This represents a 14.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 value of $4,026,276.87. Following the completion of the transaction, the chief executive officer directly owned 62,887 shares in the company, valued at approximately $11,476,248.63. This represents a 25.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,582 shares of company stock worth $8,158,745. Insiders own 5.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays initiated coverage on Ryder System in a report on Monday, June 9th. They set an "overweight" rating and a $190.00 target price for the company. JPMorgan Chase & Co. increased their price objective on Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Susquehanna began coverage on Ryder System in a report on Tuesday, July 15th. They issued a "positive" rating and a $215.00 target price on the stock. Stephens raised their target price on Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Finally, Baird R W upgraded Ryder System to a "strong-buy" rating in a research report on Tuesday, July 1st. 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $186.50.

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.