Quest Partners LLC Takes Position in Ryder System, Inc. (NYSE:R)

Quest Partners LLC bought a new stake in Ryder System, Inc. (NYSE:R - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,772 shares of the transportation company's stock, valued at approximately $550,000.

Several other large investors have also made changes to their positions in the company. Millennium Management LLC raised its position in Ryder System by 1,915.0% in the 2nd quarter. Millennium Management LLC now owns 103,935 shares of the transportation company's stock valued at $12,875,000 after purchasing an additional 98,777 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Ryder System by 242.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 92,666 shares of the transportation company's stock valued at $11,138,000 after buying an additional 65,609 shares during the last quarter. Earnest Partners LLC lifted its position in Ryder System by 3.4% during the 2nd quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company's stock worth $237,298,000 after buying an additional 62,815 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Ryder System by 13.5% during the 2nd quarter. Victory Capital Management Inc. now owns 460,134 shares of the transportation company's stock worth $57,001,000 after acquiring an additional 54,605 shares during the last quarter. Finally, Sei Investments Co. increased its position in Ryder System by 4.7% in the 2nd quarter. Sei Investments Co. now owns 847,581 shares of the transportation company's stock valued at $104,997,000 after acquiring an additional 37,991 shares in the last quarter. Institutional investors own 87.47% of the company's stock.

Ryder System Trading Up 2.8 %

Shares of R stock traded up $4.46 during trading hours on Friday, reaching $165.67. The company had a trading volume of 349,839 shares, compared to its average volume of 288,008. 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, Inc. has a 1-year low of $105.09 and a 1-year high of $170.20. The company has a 50 day moving average of $150.57 and a 200 day moving average of $136.50. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 15.50 and a beta of 1.28.

Ryder System (NYSE:R - Get Free Report) last issued its earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.39 by $0.05. The firm had revenue of $3.17 billion for 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 company's revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $3.58 earnings per share. On average, equities research analysts anticipate that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 annualized dividend and a dividend yield of 1.96%. Ryder System's dividend payout ratio (DPR) is currently 30.31%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. StockNews.com lowered shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. decreased 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $140.57.

Insider Transactions at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total transaction of $629,760.00. Following the completion of the transaction, the insider now owns 20,504 shares in the company, valued at approximately $3,228,149.76. This represents a 16.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.10% of the stock is currently owned by insiders.

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.