Altrius Capital Management Inc Buys 464 Shares of Ryder System, Inc. (NYSE:R)

Altrius Capital Management Inc grew its stake in shares of Ryder System, Inc. (NYSE:R) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,022 shares of the transportation company’s stock after buying an additional 464 shares during the period. Altrius Capital Management Inc owned approximately 0.09% of Ryder System worth $3,648,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. raised its position in shares of Ryder System by 2,146.8% during the second quarter. Bessemer Group Inc. now owns 1,056 shares of the transportation company’s stock worth $90,000 after purchasing an additional 1,009 shares during the period. ProShare Advisors LLC lifted its stake in Ryder System by 4.0% in the second quarter. ProShare Advisors LLC now owns 378,417 shares of the transportation company’s stock valued at $32,086,000 after buying an additional 14,411 shares in the last quarter. Truvestments Capital LLC boosted its holdings in shares of Ryder System by 9.0% in the second quarter. Truvestments Capital LLC now owns 24,130 shares of the transportation company’s stock valued at $2,046,000 after buying an additional 1,987 shares during the period. Cetera Advisor Networks LLC increased its position in shares of Ryder System by 45.3% during the second quarter. Cetera Advisor Networks LLC now owns 6,690 shares of the transportation company’s stock worth $567,000 after acquiring an additional 2,087 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in shares of Ryder System by 9.3% during the second quarter. Citigroup Inc. now owns 26,058 shares of the transportation company’s stock worth $2,209,000 after acquiring an additional 2,227 shares during the period. 83.62% of the stock is owned by institutional investors.

Ryder System Price Performance

NYSE:R traded up $0.56 during trading hours on Monday, reaching $106.94. 58,720 shares of the company were exchanged, compared to its average volume of 322,671. The company has a market capitalization of $4.74 billion, a P/E ratio of 10.44 and a beta of 1.48. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.53 and a quick ratio of 0.51. Ryder System, Inc. has a 1-year low of $76.15 and a 1-year high of $107.90. The business has a 50 day moving average of $101.61 and a 200 day moving average of $93.53.

Ryder System (NYSE:R) last announced its quarterly earnings results on Wednesday, October 25th. The transportation company reported $3.58 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.20. The company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Ryder System had a return on equity of 21.80% and a net margin of 4.12%. Ryder System’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $4.45 EPS. Research analysts forecast that Ryder System, Inc. will post 12.79 EPS for the current year.

Ryder System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 20th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.66%. The ex-dividend date is Friday, November 17th. Ryder System’s dividend payout ratio is currently 27.87%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on R shares. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Stephens cut their price target on shares of Ryder System from $105.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Friday, October 27th. Wolfe Research cut Ryder System from an “outperform” rating to a “peer perform” rating in a report on Wednesday, October 4th. Wells Fargo & Company raised their price target on Ryder System from $80.00 to $100.00 in a research note on Thursday, July 27th. Finally, Robert W. Baird upgraded Ryder System from a “neutral” rating to an “outperform” rating in a research note on Monday, July 31st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $107.17.

Insiders Place Their Bets

In related news, insider Thomas M. Havens sold 7,000 shares of the company’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 value of $686,980.00. Following the sale, the insider now directly owns 20,114 shares in the company, valued at $1,973,987.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Robert D. Fatovic sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $100.58, for a total transaction of $1,005,800.00. Following the sale, the executive vice president now owns 61,933 shares in the company, valued at approximately $6,229,221.14. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas M. Havens sold 7,000 shares of the firm’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 value of $686,980.00. Following the sale, the insider now directly owns 20,114 shares of the company’s stock, valued at approximately $1,973,987.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,240 shares of company stock valued at $2,678,087. 4.00% of the stock is currently owned by company insiders.

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.