Quest Partners LLC acquired a new position in shares of Ryder System, Inc. (NYSE:R - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,772 shares of the transportation company's stock, valued at approximately $550,000.
Other hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new stake in shares of Ryder System in the first quarter valued at approximately $25,000. Wolff Wiese Magana LLC purchased a new stake in shares of Ryder System during the 3rd quarter worth $28,000. Altshuler Shaham Ltd acquired a new position in shares of Ryder System during the 2nd quarter worth $29,000. UMB Bank n.a. increased its holdings in shares of Ryder System by 43.2% in the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company's stock valued at $39,000 after purchasing an additional 80 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Ryder System in the second quarter valued at about $51,000. Institutional investors and hedge funds own 87.47% of the company's stock.
Wall Street Analyst Weigh In
R has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Ryder System from $148.00 to $144.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $140.57.
In related news, insider Thomas M. Havens sold 4,000 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the completion of the transaction, the insider now directly owns 20,504 shares in the company, valued at approximately $3,228,149.76. This represents a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 5.10% of the company's stock.
Ryder System Trading Up 2.8 %
Shares of Ryder System stock opened at $165.67 on Friday. Ryder System, Inc. has a 1 year low of $105.09 and a 1 year high of $170.20. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. The business has a 50 day moving average price of $150.57 and a 200 day moving average price of $136.50. The company has a market capitalization of $7.01 billion, a P/E ratio of 15.50 and a beta of 1.28.
Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.39 by $0.05. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The business's revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business earned $3.58 earnings per share. Sell-side analysts anticipate that Ryder System, Inc. will post 12.01 EPS for the current fiscal year.
Ryder System Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Monday, November 18th. Ryder System's dividend payout ratio is presently 30.31%.
About Ryder System (
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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Should you invest $1,000 in Ryder System right now?
Before you consider Ryder System, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ryder System wasn't on the list.
While Ryder System currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.