Ryder System, Inc. (NYSE:R) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC raised its position in Ryder System, Inc. (NYSE:R - Free Report) by 15.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,756 shares of the transportation company's stock after purchasing an additional 13,586 shares during the period. Natixis Advisors LLC owned about 0.24% of Ryder System worth $14,982,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in Ryder System by 43.2% in the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company's stock valued at $39,000 after buying an additional 80 shares during the last quarter. Truist Financial Corp increased its holdings 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 valued at $1,772,000 after purchasing an additional 90 shares during the period. Buckley Wealth Management LLC increased 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 valued at $1,408,000 after purchasing an additional 105 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Ryder System by 0.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company's stock valued at $4,510,000 after purchasing an additional 106 shares during the period. Finally, CWM LLC increased its holdings in shares of Ryder System by 17.9% during the second quarter. CWM LLC now owns 758 shares of the transportation company's stock valued at $94,000 after purchasing an additional 115 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Trading Down 0.3 %

Shares of Ryder System stock traded down $0.45 on Wednesday, hitting $158.90. 67,162 shares of the company's stock traded hands, compared to its average volume of 263,453. The company has a fifty day moving average of $148.97 and a two-hundred day moving average of $135.80. Ryder System, Inc. has a one year low of $105.09 and a one year high of $170.20. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 14.91 and a beta of 1.28.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, topping analysts' consensus estimates of $3.39 by $0.05. The firm had revenue of $3.17 billion during 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%. The business's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the company earned $3.58 earnings per share. As a group, sell-side analysts expect that Ryder System, Inc. will post 12.01 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently disclosed 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 dividend yield of 2.04%. The ex-dividend date is Monday, November 18th. Ryder System's dividend payout ratio (DPR) is presently 30.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on R shares. StockNews.com cut Ryder System from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th. Robert W. Baird raised their price objective on Ryder System from $140.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. decreased their price objective on Ryder System from $148.00 to $144.00 and set a "neutral" rating for the company 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.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $140.57.

Insider Activity

In related news, insider Thomas M. Havens sold 4,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were 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 of the company's stock, valued at $3,228,149.76. This trade represents a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.10% of the company's stock.

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.