Thompson Siegel & Walmsley LLC Buys New Position in Ryder System, Inc. (NYSE:R)

Thompson Siegel & Walmsley LLC bought a new position in Ryder System, Inc. (NYSE:R - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 29,100 shares of the transportation company's stock, valued at approximately $4,243,000. Thompson Siegel & Walmsley LLC owned about 0.07% of Ryder System at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. raised its stake in shares of Ryder System by 43.2% during the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company's stock valued at $39,000 after acquiring an additional 80 shares in the last quarter. Truist Financial Corp grew its position in shares of Ryder System by 0.6% during the 2nd quarter. Truist Financial Corp now owns 14,303 shares of the transportation company's stock worth $1,772,000 after buying an additional 90 shares in the last quarter. Buckley Wealth Management LLC increased its stake in shares of Ryder System by 1.1% during the third quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company's stock valued at $1,408,000 after buying an additional 105 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Ryder System by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company's stock valued at $4,510,000 after acquiring an additional 106 shares in the last quarter. Finally, CWM LLC lifted its stake in Ryder System by 17.9% in the second quarter. CWM LLC now owns 758 shares of the transportation company's stock worth $94,000 after acquiring an additional 115 shares during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Trading Up 2.8 %

Shares of NYSE:R traded up $4.51 during mid-day trading on Friday, reaching $165.72. 349,839 shares of the company were exchanged, compared to its average volume of 264,668. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 15.50 and a beta of 1.28. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. Ryder System, Inc. has a 1 year low of $105.09 and a 1 year high of $170.20. The firm's 50-day simple moving average is $150.57 and its 200 day simple moving average is $136.42.

Ryder System (NYSE:R - Get Free Report) last announced its earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, topping the consensus estimate of $3.39 by $0.05. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the prior year, the firm earned $3.58 EPS. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. Equities research analysts forecast that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 1.96%. The ex-dividend date is Monday, November 18th. Ryder System's dividend payout ratio (DPR) is presently 30.31%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on R shares. Robert W. Baird upped their target price on Ryder System from $140.00 to $155.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. StockNews.com lowered Ryder System from a "buy" rating to a "hold" rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut their target price on Ryder System from $148.00 to $144.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $140.57.

Insider Buying and Selling at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total transaction of $629,760.00. Following the completion of the transaction, the insider now directly owns 20,504 shares of the company's stock, valued at approximately $3,228,149.76. This represents a 16.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.10% of the stock is owned by company insiders.

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.