NewEdge Wealth LLC Has $18.33 Million Position in Ryder System, Inc. (NYSE:R)

NewEdge Wealth LLC grew its position in Ryder System, Inc. (NYSE:R - Free Report) by 8.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 159,268 shares of the transportation company's stock after purchasing an additional 11,954 shares during the period. NewEdge Wealth LLC owned about 0.36% of Ryder System worth $18,325,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in R. JPMorgan Chase & Co. boosted its stake in shares of Ryder System by 13.6% in the 1st quarter. JPMorgan Chase & Co. now owns 193,131 shares of the transportation company's stock valued at $15,322,000 after purchasing an additional 23,111 shares in the last quarter. Cetera Advisor Networks LLC acquired a new position in Ryder System during the 1st quarter worth about $290,000. MetLife Investment Management LLC lifted its position in Ryder System by 33.3% during the 1st quarter. MetLife Investment Management LLC now owns 34,694 shares of the transportation company's stock worth $2,752,000 after buying an additional 8,674 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Ryder System by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,678 shares of the transportation company's stock worth $1,561,000 after buying an additional 1,876 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in Ryder System by 12.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 32,930 shares of the transportation company's stock worth $2,691,000 after buying an additional 3,652 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Insider Activity

In other news, CMO Karen M. Jones sold 7,737 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the completion of the sale, the chief marketing officer now owns 12,396 shares of the company's stock, valued at approximately $1,406,698.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.10% of the stock is currently owned by insiders.

Ryder System Stock Down 1.8 %

NYSE:R traded down $2.09 during trading hours on Friday, reaching $114.88. 150,192 shares of the stock were exchanged, compared to its average volume of 252,824. Ryder System, Inc. has a twelve month low of $76.15 and a twelve month high of $121.58. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a 50 day moving average of $115.02 and a 200 day moving average of $110.08. The stock has a market cap of $5.08 billion, a PE ratio of 13.16 and a beta of 1.40.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The transportation company reported $2.95 earnings per share for the quarter, topping analysts' consensus estimates of $2.75 by $0.20. Ryder System had a return on equity of 19.68% and a net margin of 3.45%. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the firm posted $3.89 EPS. The business's revenue was down 2.1% on a year-over-year basis. On average, equities analysts expect that Ryder System, Inc. will post 11.9 earnings per share for the current year.

Ryder System Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 20th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Friday, February 16th. Ryder System's payout ratio is presently 32.53%.

Analyst Ratings Changes

R has been the topic of several research reports. The Goldman Sachs Group reiterated a "buy" rating and set a $122.00 price target on shares of Ryder System in a research report on Thursday, February 15th. JPMorgan Chase & Co. boosted their price objective on Ryder System from $117.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Stephens boosted their price objective on Ryder System from $110.00 to $113.00 and gave the stock an "equal weight" rating in a report on Thursday, February 15th. Robert W. Baird reissued a "buy" rating and set a $140.00 price objective on shares of Ryder System in a report on Wednesday, January 3rd. Finally, Vertical Research cut Ryder System from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a report on Wednesday, January 10th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Ryder System has an average rating of "Hold" and a consensus target price of $120.00.

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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