Kovitz Investment Group Partners LLC Increases Holdings in Ryder System, Inc. (NYSE:R)

Kovitz Investment Group Partners LLC lifted its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 376.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,764 shares of the transportation company's stock after acquiring an additional 7,715 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Ryder System were worth $1,405,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in Ryder System by 83.0% in the third quarter. Janney Montgomery Scott LLC now owns 9,260 shares of the transportation company's stock valued at $1,350,000 after acquiring an additional 4,200 shares in the last quarter. Algert Global LLC raised its holdings in shares of Ryder System by 43.5% in the 3rd quarter. Algert Global LLC now owns 25,547 shares of the transportation company's stock valued at $3,725,000 after purchasing an additional 7,750 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Ryder System by 15.2% during the 3rd quarter. Natixis Advisors LLC now owns 102,756 shares of the transportation company's stock worth $14,982,000 after purchasing an additional 13,586 shares during the last quarter. FMR LLC grew its stake in shares of Ryder System by 56.2% during the third quarter. FMR LLC now owns 781,519 shares of the transportation company's stock worth $113,945,000 after purchasing an additional 281,052 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Ryder System by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company's stock valued at $213,345,000 after buying an additional 31,550 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ryder System

In related news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction on Wednesday, November 6th. The shares were 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 in the company, valued at $3,228,149.76. This trade represents a 16.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on R. JPMorgan Chase & Co. decreased their price target on Ryder System from $148.00 to $144.00 and set a "neutral" rating for the company in a report on Friday, October 25th. StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Ryder System currently has a consensus rating of "Moderate Buy" and an average price target of $140.57.

Ryder System Stock Performance

Shares of NYSE R traded up $0.23 during trading hours on Wednesday, reaching $164.22. The stock had a trading volume of 376,620 shares, compared to its average volume of 263,537. The firm has a 50-day moving average of $155.75 and a 200-day moving average of $140.12. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 15.34 and a beta of 1.30. 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, Inc. has a fifty-two week low of $105.09 and a fifty-two week high of $171.78.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, beating the consensus estimate of $3.39 by $0.05. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the company earned $3.58 earnings per share. Equities research analysts predict that Ryder System, Inc. will post 12.01 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be paid a $0.81 dividend. The ex-dividend date is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a yield of 1.97%. Ryder System's dividend payout ratio is presently 30.31%.

About Ryder System

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.