Ryder System, Inc. $R Shares Bought by Vise Technologies Inc.

Key Points

• Vise Technologies increased its Ryder System stake by 66.2% in the third quarter, ending the period with 9,463 shares valued at approximately $2.16 million. Institutional investors collectively own 87.47% of the company.
• Ryder beat quarterly estimates, reporting earnings of $4.33 per share versus $4.15 expected and revenue of $3.43 billion, up 8.3% year over year.
• The company declared a quarterly dividend of $1.01 per share, equivalent to $4.04 annually and a 1.5% yield. Analysts’ consensus rating is “Moderate Buy,” with a $296.67 average price target.

Vise Technologies Inc. lifted its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 66.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,463 shares of the transportation company's stock after buying an additional 3,770 shares during the quarter. Vise Technologies Inc.'s holdings in Ryder System were worth $2,156,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Keating Financial Advisory Services Inc. acquired a new position in Ryder System in the second quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Ryder System during the second quarter valued at $30,000. Cedar Mountain Advisors LLC boosted its position in Ryder System by 522.7% during the first quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company's stock valued at $28,000 after acquiring an additional 115 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Ryder System by 36.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company's stock worth $42,000 after acquiring an additional 43 shares during the period. Finally, Compass Financial Management LLC acquired a new stake in Ryder System during the 2nd quarter worth about $54,000. Institutional investors own 87.47% of the company's stock.

Insider Transactions at Ryder System

In other Ryder System news, insider Robert E. Sanchez sold 1,653 shares of the stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $280.01, for a total value of $462,856.53. Following the transaction, the insider owned 40,828 shares in the company, valued at approximately $11,432,248.28. This represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas Regan sold 3,032 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $288.05, for a total value of $873,367.60. Following the completion of the transaction, the executive vice president owned 2,751 shares in the company, valued at approximately $792,425.55. The trade was a 52.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 44,384 shares of company stock valued at $12,522,852. 4.90% of the stock is currently owned by corporate insiders.

Ryder System Trading Down 5.0%

NYSE:R opened at $269.01 on Friday. Ryder System, Inc. has a 12 month low of $161.41 and a 12 month high of $291.02. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $10.28 billion, a price-to-earnings ratio of 20.50 and a beta of 1.04. The firm has a fifty day simple moving average of $247.61 and a two-hundred day simple moving average of $238.94.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The transportation company reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.15 by $0.18. Ryder System had a net margin of 3.98% and a return on equity of 19.14%. The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the prior year, the business earned $3.57 earnings per share. The business's quarterly revenue was up 8.3% compared to the same quarter last year. Analysts expect that Ryder System, Inc. will post 15.07 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Monday, November 23rd will be paid a $1.01 dividend. The ex-dividend date is Monday, November 23rd. This represents a $4.04 annualized dividend and a dividend yield of 1.5%. Ryder System's dividend payout ratio (DPR) is currently 30.79%.

Analyst Ratings Changes

R has been the subject of several research analyst reports. Morgan Stanley raised Ryder System from an "overweight" rating to a "buy" rating in a research report on Monday, October 5th. Citigroup restated a "market perform" rating on shares of Ryder System in a research report on Friday, October 23rd. Robert W. Baird cut Ryder System from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $290.00 to $245.00 in a research note on Tuesday, September 29th. Stephens raised their target price on Ryder System from $280.00 to $305.00 and gave the stock an "overweight" rating in a research note on Friday, October 23rd. Finally, Susquehanna lifted their target price on Ryder System from $280.00 to $318.00 and gave the stock a "positive" rating in a report on Tuesday, October 27th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $296.67.

Ryder System Profile

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain and dedicated transportation services. Founded in 1933 by James Ryder and headquartered in Miami, Florida, the company serves businesses that rely on commercial vehicles, transportation networks and logistics infrastructure.

Through its Fleet Management Solutions business, Ryder offers full-service leasing, commercial vehicle rental, maintenance, fleet support and related services for trucks, tractors, trailers and other vehicles.

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