B.O.S.S. Retirement Advisors LLC Makes New Investment in Ryder System, Inc. (NYSE:R)

B.O.S.S. Retirement Advisors LLC acquired a new stake in Ryder System, Inc. (NYSE:R) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,209 shares of the transportation company’s stock, valued at approximately $322,000.

Several other institutional investors and hedge funds have also recently modified their holdings of R. Wolff Wiese Magana LLC purchased a new stake in Ryder System during the 3rd quarter worth approximately $28,000. EntryPoint Capital LLC purchased a new stake in shares of Ryder System during the first quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Ryder System in the second quarter valued at $29,000. UMB Bank n.a. boosted its holdings 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 during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Ryder System during the 2nd quarter worth about $51,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Trading Down 1.3 %

NYSE R opened at $149.86 on Friday. The firm’s fifty day moving average price is $141.86 and its 200 day moving average price is $129.90. Ryder System, Inc. has a 12 month low of $91.31 and a 12 month high of $154.76. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 19.51 and a beta of 1.28.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.13. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the company posted $3.61 earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, sell-side analysts expect that Ryder System, Inc. will post 12.2 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s dividend payout ratio (DPR) is 42.19%.

Insider Buying and Selling at Ryder System

In other news, EVP Francisco Jr. Lopez sold 12,730 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the transaction, the executive vice president now directly owns 47,779 shares in the company, valued at approximately $6,656,570.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 5.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on R shares. Stephens began coverage on Ryder System in a research note on Monday, July 8th. They issued an “equal weight” rating for the company. Robert W. Baird boosted their price target 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. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Morgan Stanley began coverage on shares of Ryder System in a research note on Monday, June 24th. They set an “overweight” rating and a $165.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price target on Ryder System from $126.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $137.86.

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.