Buckley Wealth Management LLC lifted its stake in Ryder System, Inc. (NYSE:R – Free Report) by 3.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,015 shares of the transportation company’s stock after acquiring an additional 390 shares during the period. Buckley Wealth Management LLC’s holdings in Ryder System were worth $934,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in R. AE Wealth Management LLC grew its position in Ryder System by 21.5% during the second quarter. AE Wealth Management LLC now owns 29,931 shares of the transportation company’s stock worth $2,538,000 after buying an additional 5,300 shares in the last quarter. Abacus Planning Group Inc. grew its position in Ryder System by 31.0% during the second quarter. Abacus Planning Group Inc. now owns 3,875 shares of the transportation company’s stock worth $329,000 after buying an additional 918 shares in the last quarter. JPMorgan Chase & Co. grew its position in Ryder System by 39.1% during the first quarter. JPMorgan Chase & Co. now owns 190,527 shares of the transportation company’s stock worth $17,003,000 after buying an additional 53,588 shares in the last quarter. New York State Common Retirement Fund grew its position in Ryder System by 0.3% during the first quarter. New York State Common Retirement Fund now owns 233,388 shares of the transportation company’s stock worth $20,828,000 after buying an additional 753 shares in the last quarter. Finally, Advisory Services Network LLC grew its position in Ryder System by 16.6% during the first quarter. Advisory Services Network LLC now owns 3,090 shares of the transportation company’s stock worth $276,000 after buying an additional 440 shares in the last quarter. 83.62% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages have issued reports on R. Wells Fargo & Company lifted their price target on Ryder System from $80.00 to $100.00 in a research note on Thursday, July 27th. Robert W. Baird raised Ryder System from a “neutral” rating to an “outperform” rating in a research note on Monday, July 31st. Finally, StockNews.com began coverage on Ryder System in a research note on Thursday, August 17th. They set a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.60.
Ryder System Trading Up 1.7 %
NYSE:R traded up $1.70 during mid-day trading on Monday, reaching $103.69. 108,816 shares of the company’s stock traded hands, compared to its average volume of 309,541. Ryder System, Inc. has a 12-month low of $65.69 and a 12-month high of $103.81. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 8.84 and a beta of 1.58. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.62 and a quick ratio of 0.60. The company has a 50 day moving average price of $97.07 and a 200-day moving average price of $88.63.
Ryder System (NYSE:R – Get Free Report) last posted its earnings results on Wednesday, July 26th. The transportation company reported $3.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.64. Ryder System had a return on equity of 23.98% and a net margin of 4.79%. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the business earned $4.43 EPS. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, sell-side analysts predict that Ryder System, Inc. will post 12.74 earnings per share for the current year.
Ryder System Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Monday, August 21st were paid a $0.71 dividend. The ex-dividend date of this dividend was Friday, August 18th. This represents a $2.84 annualized dividend and a dividend yield of 2.74%. This is an increase from Ryder System’s previous quarterly dividend of $0.62. Ryder System’s dividend payout ratio is presently 24.61%.
Insider Buying and Selling
In related news, insider Thomas M. Havens sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $100.32, for a total value of $902,880.00. Following the sale, the insider now owns 31,008 shares in the company, valued at approximately $3,110,722.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Thomas M. Havens sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $100.32, for a total value of $902,880.00. Following the transaction, the insider now directly owns 31,008 shares of the company’s stock, valued at approximately $3,110,722.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Karen M. Jones sold 900 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $102.13, for a total value of $91,917.00. Following the completion of the transaction, the chief marketing officer now directly owns 5,814 shares in the company, valued at $593,783.82. The disclosure for this sale can be found here. Insiders have sold 171,634 shares of company stock worth $17,271,137 in the last 90 days. Insiders own 4.00% of the company’s stock.
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.
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