First Trust Advisors LP Has $27.37 Million Stock Position in Ryder System, Inc. (NYSE:R)

First Trust Advisors LP lessened its position in shares of Ryder System, Inc. (NYSE:RFree Report) by 30.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 237,876 shares of the transportation company’s stock after selling 105,308 shares during the quarter. First Trust Advisors LP owned approximately 0.54% of Ryder System worth $27,370,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new stake in shares of Ryder System during the 4th quarter valued at about $26,000. Headlands Technologies LLC acquired a new position in Ryder System in the third quarter valued at approximately $26,000. GAMMA Investing LLC bought a new position in shares of Ryder System during the 4th quarter worth approximately $45,000. Quent Capital LLC grew its position in shares of Ryder System by 17.7% during the 4th quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock worth $86,000 after buying an additional 112 shares during the period. Finally, Gladius Capital Management LP bought a new stake in shares of Ryder System in the 4th quarter valued at $102,000. Institutional investors own 87.47% of the company’s stock.

Ryder System Trading Up 1.0 %

Shares of Ryder System stock opened at $121.36 on Tuesday. The company has a market capitalization of $5.32 billion, a P/E ratio of 15.81 and a beta of 1.32. The stock has a fifty day simple moving average of $120.58 and a 200 day simple moving average of $115.61. Ryder System, Inc. has a 12-month low of $80.33 and a 12-month high of $128.85. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.22.

Ryder System (NYSE:RGet Free Report) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the prior year, the business posted $2.81 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Ryder System, Inc. will post 12.1 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Monday, May 20th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.34%. Ryder System’s payout ratio is presently 36.98%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on R. Stephens increased their target price on shares of Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. boosted their target price on Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. The Goldman Sachs Group boosted their price objective on Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Company increased their target price on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Five 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 stock presently has a consensus rating of “Hold” and an average target price of $126.83.

View Our Latest Stock Report on Ryder System

Insider Activity

In other news, CEO Robert E. Sanchez sold 11,992 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $127.08, for a total transaction of $1,523,943.36. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Ryder System news, CEO Robert E. Sanchez sold 11,992 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 125,969 shares in the company, valued at $16,008,140.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director E Follin Smith sold 3,671 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $119.16, for a total transaction of $437,436.36. Following the transaction, the director now directly owns 38,413 shares of the company’s stock, valued at $4,577,293.08. The disclosure for this sale can be found here. Insiders sold a total of 95,800 shares of company stock valued at $11,990,862 over the last three months. Corporate insiders own 5.10% of the company’s stock.

Ryder System Company Profile

(Free Report)

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.

Further Reading

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

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