FMR LLC increased its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 56.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 781,519 shares of the transportation company's stock after buying an additional 281,052 shares during the quarter. FMR LLC owned about 1.85% of Ryder System worth $113,945,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Wolff Wiese Magana LLC purchased a new position in shares of Ryder System in the 3rd quarter valued at $28,000. Altshuler Shaham Ltd purchased a new stake in shares of Ryder System during the 2nd quarter valued at about $29,000. UMB Bank n.a. lifted its position in Ryder System by 43.2% during the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company's stock worth $39,000 after acquiring an additional 80 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Ryder System in the second quarter valued at approximately $51,000. Finally, GAMMA Investing LLC raised its stake in shares of Ryder System by 44.0% during the second quarter. GAMMA Investing LLC now owns 589 shares of the transportation company's stock valued at $73,000 after purchasing an additional 180 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Ryder System
In other news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the transaction, the insider now directly owns 20,504 shares in the company, valued at approximately $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.10% of the stock is owned by company insiders.
Ryder System Trading Down 1.0 %
R traded down $1.65 during trading on Thursday, reaching $164.62. The company had a trading volume of 217,117 shares, compared to its average volume of 264,147. The firm's 50-day simple moving average is $154.23 and its 200 day simple moving average is $138.85. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 15.56 and a beta of 1.30. Ryder System, Inc. has a 12-month low of $105.09 and a 12-month high of $171.78.
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 (EPS) for the quarter, beating the consensus estimate of $3.39 by $0.05. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The company's revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.58 EPS. Equities research analysts anticipate that Ryder System, Inc. will post 12.01 earnings per share for the current year.
Ryder System Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 annualized dividend and a dividend yield of 1.97%. Ryder System's dividend payout ratio (DPR) is presently 30.31%.
Wall Street Analysts Forecast Growth
R has been the subject of several research analyst reports. StockNews.com cut Ryder System from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lowered their target price on shares of Ryder System from $148.00 to $144.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $140.57.
Check Out Our Latest Research Report on R
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.
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