Ryder System, Inc. $R Shares Purchased by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in Ryder System, Inc. by 31.7% in the first quarter, holding a total of 19,168 shares valued at approximately $2.76 million.
• Analysts are optimistic about Ryder System's future, with recent upgrades raising target prices to as high as $215.00 and a consensus rating of "Moderate Buy".
• The company recently announced a quarterly dividend increase to $0.91 per share, reflecting a 2.0% yield and a payout ratio of 27.55%.

LPL Financial LLC raised its position in Ryder System, Inc. (NYSE:R - Free Report) by 31.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,168 shares of the transportation company's stock after purchasing an additional 4,616 shares during the quarter. LPL Financial LLC's holdings in Ryder System were worth $2,756,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of R. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Ryder System in the 1st quarter valued at approximately $26,000. Curat Global LLC purchased a new stake in shares of Ryder System in the 1st quarter valued at approximately $55,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Ryder System in the 4th quarter valued at approximately $59,000. Group One Trading LLC raised its stake in shares of Ryder System by 553.0% in the 4th 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 period. Finally, UMB Bank n.a. raised its stake in shares of Ryder System by 98.9% in the 1st quarter. UMB Bank n.a. now owns 720 shares of the transportation company's stock valued at $104,000 after acquiring an additional 358 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

R has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Morgan Stanley increased their target price on shares of Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Susquehanna began coverage on shares of Ryder System in a research report on Tuesday, July 15th. They issued a "positive" rating and a $215.00 target price on the stock. Baird R W raised shares of Ryder System to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, Robert W. Baird increased their target price on shares of Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $186.50.

Ryder System Price Performance

Shares of R stock opened at $179.94 on Monday. The company has a market capitalization of $7.34 billion, a PE ratio of 15.30 and a beta of 1.00. The firm has a fifty day simple moving average of $168.16 and a 200-day simple moving average of $155.47. The company has a current ratio of 0.82, a quick 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.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.21. The firm had revenue of $3.19 billion for the quarter, compared to analysts' expectations of $3.17 billion. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $3.00 earnings per share. Equities research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The company also recently announced 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 of this dividend 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 is presently 27.55%.

Insider Transactions at Ryder System

In other news, insider Thomas M. Havens sold 6,500 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $181.77, for a total transaction of $1,181,505.00. Following the completion of the transaction, the insider owned 32,478 shares in the company, valued at approximately $5,903,526.06. This trade represents a 16.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert E. Sanchez sold 22,063 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer owned 62,887 shares of the company's stock, valued at approximately $11,476,248.63. This trade represents a 25.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,082 shares of company stock worth $9,340,250 in the last three months. 5.20% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.