James Investment Research Inc. raised its holdings in Ryder System, Inc. (NYSE:R – Free Report) by 24.8% during the 1st quarter, Holdings Channel reports. The firm owned 12,836 shares of the transportation company’s stock after buying an additional 2,550 shares during the quarter. James Investment Research Inc.’s holdings in Ryder System were worth $2,628,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in R. Los Angeles Capital Management LLC purchased a new position in shares of Ryder System during the 4th quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Ryder System during the fourth quarter worth $34,000. Optima Capital LLC acquired a new position in Ryder System during the fourth quarter worth $39,000. Geneos Wealth Management Inc. lifted its holdings in Ryder System by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 109 shares in the last quarter. Finally, MAI Capital Management lifted its holdings in Ryder System by 43.5% during the third quarter. MAI Capital Management now owns 267 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 81 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.
Ryder System Trading Up 0.9%
Shares of R stock opened at $266.02 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.09. Ryder System, Inc. has a twelve month low of $157.67 and a twelve month high of $284.25. The company’s 50-day moving average price is $252.44 and its 200-day moving average price is $220.31. The stock has a market cap of $10.29 billion, a price-to-earnings ratio of 22.11 and a beta of 1.01.
Ryder System Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, May 18th were issued a dividend of $0.91 per share. The ex-dividend date was Monday, May 18th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.4%. Ryder System’s dividend payout ratio (DPR) is currently 30.26%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on R shares. Wells Fargo & Company boosted their target price on shares of Ryder System from $260.00 to $290.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. JPMorgan Chase & Co. raised their target price on Ryder System from $203.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Citigroup boosted their price target on Ryder System from $239.00 to $276.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Wall Street Zen raised Ryder System from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Ryder System in a report on Wednesday, May 27th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $260.75.
Insider Activity at Ryder System
In related news, SVP Sanford J. Hodes sold 595 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $251.95, for a total transaction of $149,910.25. Following the completion of the sale, the senior vice president directly owned 22,948 shares of the company’s stock, valued at approximately $5,781,748.60. This trade represents a 2.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Luis P. Nieto, Jr. sold 720 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $235.79, for a total transaction of $169,768.80. Following the completion of the sale, the director owned 29,974 shares in the company, valued at approximately $7,067,569.46. This trade represents a 2.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.90% of the stock is currently owned by insiders.
Ryder System Profile
Ryder System, Inc is a leading provider of transportation and supply chain management solutions, serving commercial customers across a range of industries. The company’s Fleet Management Solutions segment offers full-service leasing and rental of medium- and heavy-duty trucks, tractors and trailers, along with maintenance and repair services at its network of service locations. Its Supply Chain Solutions segment provides integrated, technology-driven offerings that span managed transportation, dedicated contract carriage, warehousing and distribution, and e-commerce fulfillment.
Founded in 1933 and headquartered in Miami, Florida, Ryder has grown from a regional truck leasing operation into a diversified, global logistics provider.
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