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

Sowell Financial Services LLC purchased a new stake in Ryder System, Inc. (NYSE:R - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,791 shares of the transportation company's stock, valued at approximately $401,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Leigh Baldwin & CO. LLC purchased a new position in Ryder System in the 4th quarter valued at $40,475,000. Gotham Asset Management LLC raised its holdings in shares of Ryder System by 10.3% during the 4th quarter. Gotham Asset Management LLC now owns 73,785 shares of the transportation company's stock worth $11,574,000 after acquiring an additional 6,908 shares during the period. J. Goldman & Co LP raised its holdings in shares of Ryder System by 16.6% during the 4th quarter. J. Goldman & Co LP now owns 196,923 shares of the transportation company's stock worth $30,889,000 after acquiring an additional 28,035 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Ryder System by 2.8% during the 4th quarter. JPMorgan Chase & Co. now owns 149,415 shares of the transportation company's stock worth $23,437,000 after acquiring an additional 4,062 shares during the period. Finally, Truist Financial Corp raised its holdings in shares of Ryder System by 1.0% during the 4th quarter. Truist Financial Corp now owns 14,586 shares of the transportation company's stock worth $2,288,000 after acquiring an additional 142 shares during the period. Institutional investors and hedge funds own 87.47% of the company's stock.

Ryder System Price Performance

Ryder System stock opened at $150.01 on Friday. The business has a 50 day simple moving average of $147.03 and a 200-day simple moving average of $152.32. Ryder System, Inc. has a 12 month low of $117.17 and a 12 month high of $171.78. The stock has a market capitalization of $6.20 billion, a PE ratio of 13.08 and a beta of 0.96. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.73 and a quick ratio of 0.73.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share for the quarter, topping analysts' consensus estimates of $2.40 by $0.06. Ryder System had a return on equity of 17.64% and a net margin of 3.96%. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the company posted $2.14 earnings per share. Ryder System's quarterly revenue was up 1.1% on a year-over-year basis. Equities analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, May 19th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Monday, May 19th. Ryder System's dividend payout ratio is presently 28.25%.

Insider Buying and Selling

In related news, Director E Follin Smith sold 1,243 shares of the 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 sale, the director now owns 39,802 shares of the company's stock, valued at $5,746,612.76. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert E. Sanchez sold 18,496 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total value of $2,880,382.08. Following the sale, the chief executive officer now directly owns 40,824 shares in the company, valued at approximately $6,357,521.52. The trade was 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 corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on R shares. Barclays started coverage on Ryder System in a report on Monday, June 9th. They set an "overweight" rating and a $190.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. 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 report on Friday, April 25th. Finally, Wall Street Zen downgraded Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Ryder System currently has an average rating of "Moderate Buy" and an average price target of $168.00.

About Ryder System

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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