Ryder System, Inc. (NYSE:R) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in Ryder System, Inc. (NYSE:R - Free Report) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 722,689 shares of the transportation company's stock after purchasing an additional 5,860 shares during the period. Geode Capital Management LLC owned about 1.71% of Ryder System worth $105,397,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of R. UMB Bank n.a. increased its position 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 during the last quarter. Truist Financial Corp increased its holdings in Ryder System by 0.6% in the second quarter. Truist Financial Corp now owns 14,303 shares of the transportation company's stock valued at $1,772,000 after buying an additional 90 shares during the last quarter. MML Investors Services LLC increased its holdings in Ryder System by 4.7% in the third quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company's stock valued at $303,000 after buying an additional 94 shares during the last quarter. Buckley Wealth Management LLC lifted its holdings in Ryder System by 1.1% during the 3rd quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company's stock worth $1,408,000 after buying an additional 105 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Ryder System by 20.2% during the 3rd quarter. GAMMA Investing LLC now owns 708 shares of the transportation company's stock worth $103,000 after acquiring an additional 119 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Stock Performance

Shares of NYSE:R traded down $0.64 on Thursday, reaching $155.66. The company's stock had a trading volume of 287,631 shares, compared to its average volume of 264,307. Ryder System, Inc. has a 52-week low of $106.62 and a 52-week high of $171.78. The stock has a market capitalization of $6.58 billion, a P/E ratio of 14.56 and a beta of 1.30. The stock's 50-day moving average is $157.93 and its two-hundred day moving average is $141.77. 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 (NYSE:R - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, topping analysts' consensus estimates of $3.39 by $0.05. The company had revenue of $3.17 billion during the quarter, compared to analysts' expectations of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the firm earned $3.58 EPS. As a group, sell-side analysts forecast that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System's dividend payout ratio (DPR) is presently 30.31%.

Insider Activity

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 transaction of $629,760.00. Following the transaction, the insider now owns 20,504 shares of the company's stock, valued at $3,228,149.76. This represents a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. StockNews.com lowered Ryder System from a "buy" rating to a "hold" rating in a research report on Tuesday, October 29th. The Goldman Sachs Group raised their price objective on shares of Ryder System from $160.00 to $183.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Finally, 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 report on Friday, October 25th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $147.43.

Ryder System Company Profile

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.