Janney Montgomery Scott LLC Buys 4,200 Shares of Ryder System, Inc. (NYSE:R)

Janney Montgomery Scott LLC lifted its position in Ryder System, Inc. (NYSE:R - Free Report) by 83.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,260 shares of the transportation company's stock after buying an additional 4,200 shares during the period. Janney Montgomery Scott LLC's holdings in Ryder System were worth $1,350,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in 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 acquiring an additional 80 shares in the last quarter. Truist Financial Corp boosted its position in shares of Ryder System by 0.6% during the second quarter. Truist Financial Corp now owns 14,303 shares of the transportation company's stock worth $1,772,000 after buying an additional 90 shares during the period. Buckley Wealth Management LLC grew its holdings in shares of Ryder System by 1.1% during the third 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 in the last quarter. Price T Rowe Associates Inc. MD raised its position in Ryder System by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company's stock valued at $4,510,000 after buying an additional 106 shares during the last quarter. Finally, CWM LLC boosted its holdings in Ryder System by 17.9% during the second quarter. CWM LLC now owns 758 shares of the transportation company's stock worth $94,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Ryder System Price Performance

Shares of Ryder System stock traded down $3.26 during midday trading on Friday, hitting $162.41. 261,164 shares of the company traded hands, compared to its average volume of 264,408. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 15.19 and a beta of 1.28. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. The firm's fifty day moving average price is $147.88 and its 200-day moving average price is $135.12. Ryder System, Inc. has a 12 month low of $104.44 and a 12 month high of $170.20.

Ryder System (NYSE:R - Get Free Report) last issued 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 business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. Ryder System's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.58 EPS. As a group, sell-side analysts forecast that Ryder System, Inc. will post 12.01 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System's payout ratio is presently 30.31%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target 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. Robert W. Baird boosted their target price on shares of Ryder System from $140.00 to $155.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. Finally, StockNews.com cut shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Ryder System currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.57.

Insider Buying and Selling at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the transaction, the insider now directly owns 20,504 shares of the company's stock, valued at $3,228,149.76. The trade was a 16.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.10% of the company's stock.

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.