Beverly Hills Private Wealth LLC grew its position in shares of Ryder System, Inc. (NYSE:R – Free Report) by 104.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,647 shares of the transportation company’s stock after buying an additional 5,941 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Ryder System were worth $1,178,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC boosted its stake in shares of Ryder System by 62.7% in the first quarter. Parallel Advisors LLC now owns 955 shares of the transportation company’s stock valued at $85,000 after buying an additional 368 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of Ryder System during the 2nd quarter worth $261,000. Raymond James & Associates grew its stake in shares of Ryder System by 2.1% during the 2nd quarter. Raymond James & Associates now owns 12,162 shares of the transportation company’s stock worth $1,031,000 after purchasing an additional 246 shares during the period. Raleigh Capital Management Inc. grew its stake in shares of Ryder System by 117.8% during the 2nd quarter. Raleigh Capital Management Inc. now owns 368 shares of the transportation company’s stock worth $31,000 after purchasing an additional 199 shares during the period. Finally, LSV Asset Management increased its holdings in shares of Ryder System by 1.8% in the 2nd quarter. LSV Asset Management now owns 1,383,288 shares of the transportation company’s stock valued at $117,289,000 after purchasing an additional 24,460 shares in the last quarter. Institutional investors and hedge funds own 83.62% of the company’s stock.
Wall Street Analysts Forecast Growth
R has been the topic of a number of research analyst reports. Wolfe Research downgraded shares of Ryder System from an “outperform” rating to a “peer perform” rating in a report on Wednesday, October 4th. JPMorgan Chase & Co. boosted their price target on Ryder System from $113.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 11th. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Robert W. Baird upgraded Ryder System from a “neutral” rating to an “outperform” rating in a research report on Monday, July 31st. Finally, Stephens lowered their target price on Ryder System from $105.00 to $102.00 and set an “equal weight” rating on the stock in a report on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Ryder System presently has a consensus rating of “Hold” and an average target price of $107.17.
Insider Buying and Selling at Ryder System
In related news, EVP Robert D. Fatovic sold 10,000 shares of Ryder System stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $100.58, for a total value of $1,005,800.00. Following the transaction, the executive vice president now owns 61,933 shares in the company, valued at $6,229,221.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Robert D. Fatovic sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $100.58, for a total value of $1,005,800.00. Following the transaction, the executive vice president now owns 61,933 shares in the company, valued at $6,229,221.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas M. Havens sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $98.14, for a total transaction of $686,980.00. Following the sale, the insider now owns 20,114 shares of the company’s stock, valued at $1,973,987.96. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.
Ryder System Price Performance
Ryder System stock opened at $106.41 on Wednesday. The stock has a market capitalization of $4.72 billion, a P/E ratio of 10.44 and a beta of 1.48. Ryder System, Inc. has a 12-month low of $76.15 and a 12-month high of $107.90. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.53 and a quick ratio of 0.51. The firm’s 50-day moving average is $101.18 and its two-hundred day moving average is $92.99.
Ryder System (NYSE:R – Get Free Report) last issued its quarterly earnings results on Wednesday, October 25th. The transportation company reported $3.58 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.20. Ryder System had a return on equity of 21.80% and a net margin of 4.12%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the firm posted $4.45 EPS. Ryder System’s revenue was down 3.7% on a year-over-year basis. Equities analysts predict that Ryder System, Inc. will post 12.79 earnings per share for the current year.
Ryder System Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 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 2.67%. The ex-dividend date of this dividend is Friday, November 17th. Ryder System’s dividend payout ratio is currently 27.87%.
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.
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