Ryder System, Inc. (NYSE:R) Stake Lifted by Pictet Asset Management SA

Pictet Asset Management SA increased its stake in shares of Ryder System, Inc. (NYSE:RGet Rating) by 13.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 3,870 shares of the transportation company’s stock after acquiring an additional 445 shares during the period. Pictet Asset Management SA’s holdings in Ryder System were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in shares of Ryder System by 146.6% in the first quarter. Signaturefd LLC now owns 429 shares of the transportation company’s stock worth $34,000 after purchasing an additional 255 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Ryder System in the first quarter worth $51,000. Charter Oak Capital Management LLC bought a new position in shares of Ryder System in the second quarter worth $54,000. Ellevest Inc. grew its stake in shares of Ryder System by 818.9% in the second quarter. Ellevest Inc. now owns 873 shares of the transportation company’s stock worth $62,000 after purchasing an additional 778 shares in the last quarter. Finally, National Bank of Canada FI bought a new position in shares of Ryder System in the second quarter worth $65,000. 87.88% of the stock is currently owned by institutional investors.

Ryder System Trading Up 0.7 %

Shares of NYSE R opened at $93.93 on Thursday. Ryder System, Inc. has a 12 month low of $61.71 and a 12 month high of $94.69. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 5.79 and a beta of 1.57. The company has a quick ratio of 0.71, a current ratio of 0.73 and a debt-to-equity ratio of 1.76. The business has a fifty day simple moving average of $79.85 and a 200-day simple moving average of $77.83.

Ryder System (NYSE:RGet Rating) last announced its earnings results on Wednesday, October 26th. The transportation company reported $4.45 EPS for the quarter, beating the consensus estimate of $3.70 by $0.75. The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.96 billion. Ryder System had a return on equity of 29.45% and a net margin of 7.31%. Ryder System’s revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.55 earnings per share. Sell-side analysts predict that Ryder System, Inc. will post 16.01 EPS for the current year.

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Monday, November 21st will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Friday, November 18th. Ryder System’s dividend payout ratio is currently 15.29%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on R. StockNews.com cut Ryder System from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Robert W. Baird raised their target price on Ryder System to $87.00 in a research note on Thursday, October 27th. Finally, Stephens raised their target price on Ryder System from $86.00 to $91.00 and gave the company an “equal weight” rating in a research note on Thursday, October 27th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $84.00.

Insider Buying and Selling

In other news, CFO John J. Diez sold 2,573 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $80.78, for a total transaction of $207,846.94. Following the completion of the sale, the chief financial officer now directly owns 69,757 shares of the company’s stock, valued at approximately $5,634,970.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO John J. Diez sold 2,573 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $80.78, for a total transaction of $207,846.94. Following the completion of the sale, the chief financial officer now directly owns 69,757 shares of the company’s stock, valued at approximately $5,634,970.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert E. Sanchez sold 89,325 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $80.78, for a total value of $7,215,673.50. Following the sale, the chief executive officer now directly owns 268,351 shares of the company’s stock, valued at $21,677,393.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 120,372 shares of company stock valued at $9,746,884. Corporate insiders own 3.50% of the company’s stock.

Ryder System Company Profile

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Ryder System, Inc operates as a logistics and transportation company worldwide. The company 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, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.

Further Reading

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Institutional Ownership by Quarter for Ryder System (NYSE:R)

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