Sanctuary Advisors LLC Buys Shares of 7,695 Ryder System, Inc. (NYSE:R)

Sanctuary Advisors LLC acquired a new stake in shares of Ryder System, Inc. (NYSE:R - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 7,695 shares of the transportation company's stock, valued at approximately $938,000.

A number of other hedge funds also recently made changes to their positions in the stock. EntryPoint Capital LLC bought a new position in Ryder System in the 1st quarter worth approximately $25,000. Altshuler Shaham Ltd purchased a new position in Ryder System during the second quarter valued at $29,000. Ashton Thomas Private Wealth LLC bought a new stake in Ryder System in the 2nd quarter valued at $51,000. Creekmur Asset Management LLC purchased a new stake in shares of Ryder System in the fourth quarter worth about $68,000. Finally, GAMMA Investing LLC boosted its position in shares of Ryder System by 44.0% during the 2nd quarter. GAMMA Investing LLC now owns 589 shares of the transportation company's stock valued at $73,000 after acquiring an additional 180 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

R has been the subject of a number of recent research reports. StockNews.com cut Ryder System from a "buy" rating to a "hold" rating in a report on Monday, October 7th. JPMorgan Chase & Co. lowered their target price on shares of Ryder System from $126.00 to $125.00 and set a "neutral" rating for the company in a report on Tuesday, July 9th. Robert W. Baird upped their price target on shares of Ryder System from $140.00 to $155.00 and gave the company an "outperform" rating in a report on Friday, July 26th. Stephens assumed coverage on shares of Ryder System in a research note on Monday, July 8th. They issued an "equal weight" rating for the company. Finally, Morgan Stanley began coverage on Ryder System in a research note on Monday, June 24th. They set an "overweight" rating and a $165.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Ryder System presently has a consensus rating of "Moderate Buy" and a consensus price target of $137.86.

Ryder System Stock Performance

Shares of Ryder System stock traded up $4.17 during trading on Friday, hitting $150.72. 221,584 shares of the company's stock were exchanged, compared to its average volume of 259,861. The business has a 50-day simple moving average of $140.31 and a 200-day simple moving average of $129.17. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 19.63 and a beta of 1.28. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.74 and a current ratio of 0.74. Ryder System, Inc. has a 52-week low of $91.31 and a 52-week high of $150.95.

Ryder System (NYSE:R - Get Free Report) last posted its earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.13. The firm had revenue of $3.18 billion during the quarter, compared to analysts' expectations of $3.24 billion. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The business's revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $3.61 EPS. On average, research analysts forecast that Ryder System, Inc. will post 12.2 EPS for the current year.

Ryder System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be issued a $0.81 dividend. The ex-dividend date is Monday, November 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.15%. Ryder System's dividend payout ratio is currently 42.19%.

Insider Activity at Ryder System

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of Ryder System stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $139.32, for a total value of $1,773,543.60. Following the completion of the transaction, the executive vice president now directly owns 47,779 shares of the company's stock, valued at $6,656,570.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.10% of the stock is owned by insiders.

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.