WIM INVESTMENT MANAGEMENT Ltd Buys New Shares in Ryder System, Inc. (NYSE:R)

WIM INVESTMENT MANAGEMENT Ltd acquired a new position in shares of Ryder System, Inc. (NYSE:R - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,000 shares of the transportation company's stock, valued at approximately $729,000. Ryder System makes up about 0.3% of WIM INVESTMENT MANAGEMENT Ltd's portfolio, making the stock its 13th largest holding.

Several other large investors also recently made changes to their positions in the stock. UMB Bank n.a. grew its position 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 purchasing an additional 80 shares in the last quarter. Truist Financial Corp lifted its stake in Ryder System by 0.6% in the second quarter. Truist Financial Corp now owns 14,303 shares of the transportation company's stock valued at $1,772,000 after acquiring an additional 90 shares during the last quarter. Buckley Wealth Management LLC lifted its stake in Ryder System by 1.1% in the third quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company's stock valued at $1,408,000 after acquiring an additional 105 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Ryder System by 0.3% in 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 acquiring an additional 106 shares during the last quarter. Finally, CWM LLC lifted its stake in Ryder System by 17.9% in the second quarter. CWM LLC now owns 758 shares of the transportation company's stock valued at $94,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 87.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. StockNews.com cut shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. cut their target price on shares of Ryder System from $148.00 to $144.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Finally, Robert W. Baird raised their target price on shares of Ryder System from $140.00 to $155.00 and gave the stock an "outperform" rating in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Ryder System currently has a consensus rating of "Moderate Buy" and an average price target of $140.57.

Insiders Place Their Bets

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the business's stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.10% of the company's stock.

Ryder System Price Performance

R stock traded down $3.26 during mid-day trading on Friday, hitting $162.41. The stock had a trading volume of 261,171 shares, compared to its average volume of 310,708. 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 52 week low of $104.44 and a 52 week high of $170.20. The firm has a market capitalization of $6.87 billion, a P/E ratio of 15.19 and a beta of 1.28. The firm has a fifty day simple moving average of $147.88 and a 200 day simple moving average of $135.21.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.39 by $0.05. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The firm's revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.58 EPS. As a group, research analysts forecast that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Monday, November 18th. Ryder System's payout ratio is 30.31%.

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.