Janney Montgomery Scott LLC lowered its stake in Ryder System, Inc. (NYSE:R - Free Report) by 31.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,373 shares of the transportation company's stock after selling 2,887 shares during the period. Janney Montgomery Scott LLC's holdings in Ryder System were worth $1,000,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. UMB Bank n.a. grew its holdings in Ryder System by 43.2% during the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company's stock worth $39,000 after acquiring an additional 80 shares during the period. Truist Financial Corp grew 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 purchasing an additional 90 shares during the last quarter. MML Investors Services LLC grew 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 purchasing an additional 94 shares during the last quarter. Buckley Wealth Management LLC grew its holdings in Ryder System by 1.1% in the third quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company's stock valued at $1,408,000 after purchasing an additional 105 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Ryder System by 20.2% in the third quarter. GAMMA Investing LLC now owns 708 shares of the transportation company's stock valued at $103,000 after acquiring an additional 119 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price objective on Ryder System from $148.00 to $144.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. Finally, The Goldman Sachs Group upped their price objective on Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $147.43.
Check Out Our Latest Analysis on Ryder System
Ryder System Trading Up 0.7 %
NYSE R traded up $1.09 during trading hours on Friday, hitting $157.97. 326,899 shares of the company's stock were exchanged, compared to its average volume of 337,776. The business's 50 day moving average is $160.80 and its 200-day moving average is $151.02. The firm has a market capitalization of $6.68 billion, a P/E ratio of 14.78 and a beta of 1.29. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. Ryder System, Inc. has a 12-month low of $106.62 and a 12-month high of $171.78.
Ryder System Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.05%. Ryder System's dividend payout ratio (DPR) is 30.31%.
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.
See Also
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.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
