Independent Advisor Alliance Invests $1.31 Million in Ryder System, Inc. (NYSE:R)

Independent Advisor Alliance purchased a new position in Ryder System, Inc. (NYSE:R - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,954 shares of the transportation company's stock, valued at approximately $1,305,000.

Other large investors also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new position in Ryder System in the 1st quarter worth $25,000. Quadrature Capital Ltd bought a new position in shares of Ryder System in the first quarter worth about $271,000. Price T Rowe Associates Inc. MD lifted its position in shares of Ryder System by 0.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company's stock worth $4,510,000 after purchasing an additional 106 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Ryder System by 4.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 30,096 shares of the transportation company's stock valued at $3,617,000 after purchasing an additional 1,255 shares during the period. Finally, Bayesian Capital Management LP acquired a new stake in Ryder System in the 1st quarter valued at approximately $463,000. Institutional investors own 87.47% of the company's stock.

Insiders Place Their Bets

In related 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 sale, the insider now directly owns 20,504 shares in the company, valued at $3,228,149.76. This represents a 16.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.10% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on R. StockNews.com cut Ryder System from a "buy" rating to a "hold" rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price target 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $140.57.

Ryder System Stock Performance

R stock traded down $1.78 during midday trading on Wednesday, hitting $168.03. The stock had a trading volume of 174,293 shares, compared to its average volume of 265,100. The stock has a 50-day simple moving average of $151.70 and a 200 day simple moving average of $137.18. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 15.71 and a beta of 1.28. Ryder System, Inc. has a 52 week low of $105.09 and a 52 week high of $171.78. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the prior year, the business posted $3.58 earnings per share. The company's quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Ryder System, Inc. will post 12.01 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders 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 yield of 1.93%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System's dividend payout ratio (DPR) is 30.31%.

Ryder System 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.