Tocqueville Asset Management L.P. bought a new position in Ryder System, Inc. (NYSE:R) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,000 shares of the transportation company’s stock, valued at approximately $1,080,000.

Other institutional investors have also recently modified their holdings of the company. JFS Wealth Advisors LLC boosted its stake in shares of Ryder System by 1.1% in the second quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock worth $156,000 after buying an additional 24 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Ryder System by 1.7% in the second quarter. Teacher Retirement System of Texas now owns 4,270 shares of the transportation company’s stock worth $307,000 after buying an additional 71 shares in the last quarter. Mason Street Advisors LLC boosted its stake in shares of Ryder System by 1.0% in the first quarter. Mason Street Advisors LLC now owns 7,389 shares of the transportation company’s stock worth $557,000 after buying an additional 75 shares in the last quarter. Intrust Bank NA boosted its stake in shares of Ryder System by 1.5% in the first quarter. Intrust Bank NA now owns 6,435 shares of the transportation company’s stock worth $486,000 after buying an additional 95 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Ryder System by 0.7% in the first quarter. Thrivent Financial For Lutherans now owns 18,750 shares of the transportation company’s stock worth $1,415,000 after buying an additional 130 shares in the last quarter. 89.54% of the stock is currently owned by institutional investors.

Ryder System, Inc. (NYSE R) opened at 74.30 on Monday. Ryder System, Inc. has a one year low of $62.03 and a one year high of $85.42. The company has a 50 day moving average of $73.03 and a 200-day moving average of $72.00. The firm has a market cap of $3.94 billion, a PE ratio of 17.89 and a beta of 1.39.

Ryder System (NYSE:R) last announced its quarterly earnings results on Wednesday, July 26th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.07. Ryder System had a return on equity of 11.71% and a net margin of 3.17%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the company earned $1.56 EPS. The firm’s revenue was up 5.3% on a year-over-year basis. On average, equities research analysts predict that Ryder System, Inc. will post $4.44 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, August 21st will be issued a $0.46 dividend. This is a positive change from Ryder System’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a yield of 2.48%. The ex-dividend date is Thursday, August 17th. Ryder System’s payout ratio is 44.12%.

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A number of brokerages have weighed in on R. ValuEngine upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. BidaskClub upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Buckingham Research began coverage on shares of Ryder System in a research report on Monday, August 21st. They set a “buy” rating and a $85.00 price target for the company. Finally, Zacks Investment Research cut shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $78.33.

In other Ryder System news, CEO Robert E. Sanchez sold 26,275 shares of Ryder System stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $72.43, for a total value of $1,903,098.25. Following the transaction, the chief executive officer now directly owns 107,237 shares of the company’s stock, valued at approximately $7,767,175.91. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Dennis C. Cooke sold 9,650 shares of Ryder System stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $72.75, for a total value of $702,037.50. Following the completion of the transaction, the insider now directly owns 2,883 shares in the company, valued at $209,738.25. The disclosure for this sale can be found here. 1.95% of the stock is currently owned by insiders.

About Ryder System

Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.

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

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