Systematic Financial Management LP Purchases Shares of 1,920 Ryder System, Inc. (NYSE:R)

Systematic Financial Management LP acquired a new stake in shares of Ryder System, Inc. (NYSE:R) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,920 shares of the transportation company’s stock, valued at approximately $280,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its holdings in shares of Ryder System by 405.3% during the 1st quarter. Cetera Investment Advisers now owns 16,291 shares of the transportation company’s stock worth $1,958,000 after acquiring an additional 13,067 shares during the period. GAMMA Investing LLC boosted its holdings in Ryder System by 44.0% during the 2nd quarter. GAMMA Investing LLC now owns 589 shares of the transportation company’s stock valued at $73,000 after acquiring an additional 180 shares during the period. CWM LLC grew its position in Ryder System by 17.9% in the 2nd quarter. CWM LLC now owns 758 shares of the transportation company’s stock valued at $94,000 after acquiring an additional 115 shares in the last quarter. QRG Capital Management Inc. increased its stake in Ryder System by 5.5% during the second quarter. QRG Capital Management Inc. now owns 17,297 shares of the transportation company’s stock worth $2,143,000 after purchasing an additional 898 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Ryder System by 5.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 5,255 shares of the transportation company’s stock valued at $651,000 after purchasing an additional 280 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. StockNews.com lowered 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 issued a buy rating to the company. According to MarketBeat, Ryder System currently has an average rating of “Moderate Buy” and an average price target of $140.57.

Ryder System Stock Down 0.4 %

Shares of NYSE R opened at $163.97 on Friday. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 15.34 and a beta of 1.30. Ryder System, Inc. has a 1 year low of $105.09 and a 1 year high of $171.78. 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 stock’s 50-day simple moving average is $155.00 and its 200-day simple moving average is $139.29.

Ryder System (NYSE:R) last issued its earnings results 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 company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company earned $3.58 earnings per share. As a group, equities analysts anticipate that Ryder System, Inc. will post 12.01 earnings per share for the current fiscal 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 paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 annualized dividend and a yield of 1.98%. Ryder System’s payout ratio is 30.31%.

Insiders Place Their Bets

In related news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction on 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 in the company, valued at $3,228,149.76. The trade was a 16.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.10% of the stock is owned by insiders.

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.