Mizuho Markets Americas LLC Takes Position in Ryder System, Inc. (NYSE:R)

Mizuho Markets Americas LLC acquired a new stake in shares of Ryder System, Inc. (NYSE:R - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 20,047 shares of the transportation company's stock, valued at approximately $2,307,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of R. Headlands Technologies LLC purchased a new stake in Ryder System during the third quarter valued at approximately $26,000. Contravisory Investment Management Inc. purchased a new stake in Ryder System during the fourth quarter valued at approximately $26,000. GAMMA Investing LLC purchased a new stake in Ryder System during the fourth quarter valued at approximately $45,000. Quent Capital LLC lifted its position in Ryder System by 17.7% during the fourth quarter. Quent Capital LLC now owns 745 shares of the transportation company's stock valued at $86,000 after acquiring an additional 112 shares during the last quarter. Finally, Gladius Capital Management LP purchased a new stake in Ryder System during the fourth quarter valued at approximately $102,000. 87.47% of the stock is currently owned by institutional investors.

Ryder System Price Performance

Shares of NYSE:R traded up $1.45 during midday trading on Friday, hitting $125.73. The company's stock had a trading volume of 172,324 shares, compared to its average volume of 296,218. The business's 50 day simple moving average is $118.82 and its 200 day simple moving average is $113.63. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $5.51 billion, a P/E ratio of 16.37 and a beta of 1.38. Ryder System, Inc. has a 12-month low of $77.60 and a 12-month high of $128.85.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.43. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period last year, the firm posted $2.81 earnings per share. The company's revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts forecast that Ryder System, Inc. will post 11.98 EPS for the current year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Monday, May 20th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Friday, May 17th. Ryder System's dividend payout ratio (DPR) is presently 36.98%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on R shares. The Goldman Sachs Group raised their price target on shares of Ryder System from $122.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Stephens raised their price target on shares of Ryder System from $113.00 to $120.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 24th. Wells Fargo & Company raised their target price on shares of Ryder System from $100.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday, February 15th. JPMorgan Chase & Co. raised their target price on shares of Ryder System from $120.00 to $126.00 and gave the stock a "neutral" rating in a report on Wednesday, April 24th. Finally, StockNews.com raised shares of Ryder System from a "hold" rating to a "buy" rating in a report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Ryder System currently has an average rating of "Hold" and an average price target of $126.83.

Insiders Place Their Bets

In other news, CMO Karen M. Jones sold 7,737 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total value of $877,994.76. Following the sale, the chief marketing officer now directly 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 Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Robert E. Sanchez sold 11,992 shares of the business's stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $127.08, for a total value of $1,523,943.36. Following the sale, the chief executive officer now directly owns 125,969 shares of the company's stock, valued at approximately $16,008,140.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Karen M. Jones sold 7,737 shares of Ryder System stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total transaction of $877,994.76. Following the completion of the transaction, the chief marketing officer now owns 12,396 shares of the company's stock, valued at approximately $1,406,698.08. The disclosure for this sale can be found here. Insiders have sold 96,761 shares of company stock valued at $12,052,755 over the last ninety days. Company insiders own 5.10% of the company's stock.

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.

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