Sheaff Brock Investment Advisors LLC Acquires New Holdings in Ryder System, Inc. (NYSE:R)

Key Points

• Sheaff Brock Investment Advisors LLC has acquired a new stake in Ryder System, Inc., purchasing 48,164 shares valued at approximately $6.93 million, representing 0.12% ownership of the company.
• Ryder System recently increased its quarterly dividend from $0.81 to $0.91, yielding 1.99%, with the upcoming payment date set for September 19th.
• The company reported earnings of $3.32 per share for the latest quarter, surpassing analysts’ expectations and indicating year-over-year revenue growth of 0.2%.

Sheaff Brock Investment Advisors LLC acquired a new stake in Ryder System, Inc. (NYSE:R - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 48,164 shares of the transportation company's stock, valued at approximately $6,926,000. Sheaff Brock Investment Advisors LLC owned 0.12% of Ryder System at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Ryder System in the 1st quarter valued at about $26,000. Curat Global LLC acquired a new position in Ryder System in the 1st quarter valued at about $55,000. Kapitalo Investimentos Ltda acquired a new position in Ryder System in the 4th quarter valued at about $59,000. New Age Alpha Advisors LLC acquired a new position in Ryder System in the 4th quarter valued at about $86,000. Finally, Group One Trading LLC grew its position in 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 in the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Ryder System news, Director E Follin Smith sold 1,243 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $144.38, for a total value of $179,464.34. Following the completion of the sale, the director owned 39,802 shares in the company, valued at approximately $5,746,612.76. The trade was a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert E. Sanchez sold 18,496 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $155.73, for a total value of $2,880,382.08. Following the sale, the chief executive officer owned 40,824 shares of the company's stock, valued at $6,357,521.52. This trade represents a 31.18% decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

Ryder System Stock Performance

Shares of R opened at $182.61 on Monday. The stock has a 50 day moving average price of $159.77 and a 200 day moving average price of $153.78. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.27. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 15.53 and a beta of 0.97. Ryder System, Inc. has a 52-week low of $123.36 and a 52-week high of $183.17.

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

Ryder System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 18th will be paid a $0.91 dividend. The ex-dividend date is Monday, August 18th. This represents a $3.64 dividend on an annualized basis and a yield of 1.99%. This is a boost from Ryder System's previous quarterly dividend of $0.81. Ryder System's payout ratio is currently 27.55%.

Analyst Upgrades and Downgrades

R has been the subject of several research reports. 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. Stephens lowered their price objective on Ryder System from $168.00 to $150.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Baird R W raised Ryder System to a "strong-buy" rating in a research report on Tuesday, July 1st. Susquehanna started coverage on Ryder System in a research report on Tuesday, July 15th. They set a "positive" rating and a $215.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Ryder System presently has an average rating of "Moderate Buy" and a consensus target price of $179.43.

Ryder System Company 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.

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