Sowell Financial Services LLC Invests $401,000 in Ryder System, Inc. (NYSE:R)

Sowell Financial Services LLC acquired a new stake in shares of Ryder System, Inc. (NYSE:R - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,791 shares of the transportation company's stock, valued at approximately $401,000.

Several other large investors have also recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new stake in Ryder System during the 4th quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Ryder System in the first quarter worth about $26,000. Principal Securities Inc. increased its holdings in Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after purchasing an additional 92 shares during the period. Kapitalo Investimentos Ltda bought a new position in Ryder System during the 4th quarter valued at approximately $59,000. Finally, Curat Global LLC purchased a new stake in Ryder System in the 1st quarter worth approximately $55,000. Hedge funds and other institutional investors own 87.47% of the company's stock.

Insider Buying and Selling

In other news, Director E Follin Smith sold 1,243 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $144.38, for a total transaction of $179,464.34. Following the transaction, the director now directly owns 39,802 shares of the company's stock, valued at $5,746,612.76. This represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert E. Sanchez sold 18,496 shares of Ryder System stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 40,824 shares of the company's stock, valued at $6,357,521.52. The trade was a 31.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

Ryder System Stock Up 1.9%

Shares of NYSE:R traded up $2.95 during midday trading on Tuesday, reaching $156.71. The company's stock had a trading volume of 308,251 shares, compared to its average volume of 326,125. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.21. The firm has a 50 day moving average of $147.29 and a 200-day moving average of $152.07. The firm has a market capitalization of $6.48 billion, a P/E ratio of 13.66 and a beta of 0.97. Ryder System, Inc. has a 12-month low of $117.17 and a 12-month high of $171.78.

Ryder System (NYSE:R - Get Free Report) last released its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.06. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.17 billion. Ryder System had a net margin of 3.96% and a return on equity of 17.64%. The business's revenue was up 1.1% on a year-over-year basis. During the same period last year, the business earned $2.14 earnings per share. On average, research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, May 19th were given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Monday, May 19th. Ryder System's dividend payout ratio is presently 28.25%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on R. Wall Street Zen cut Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Stephens reduced their price objective on shares of Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. dropped their target price on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, Barclays started coverage on shares of Ryder System in a research report on Monday, June 9th. They set an "overweight" rating and a $190.00 price target on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Ryder System presently has an average rating of "Moderate Buy" and a consensus target price of $168.00.

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.