1620 Investment Advisors Inc. Purchases Shares of 2,690 Ryder System, Inc. (NYSE:R)

1620 Investment Advisors Inc. acquired a new stake in Ryder System, Inc. (NYSE:R) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,690 shares of the transportation company’s stock, valued at approximately $333,000.

A number of other institutional investors also recently modified their holdings of R. EntryPoint Capital LLC acquired a new stake in Ryder System in the first quarter valued at approximately $25,000. GAMMA Investing LLC acquired a new position in Ryder System during the fourth quarter worth $45,000. Creekmur Asset Management LLC bought a new position in shares of Ryder System in the fourth quarter valued at $68,000. CWM LLC grew its holdings in shares of Ryder System by 62.0% during the first quarter. CWM LLC now owns 643 shares of the transportation company’s stock valued at $77,000 after buying an additional 246 shares during the last quarter. Finally, Gladius Capital Management LP bought a new stake in shares of Ryder System during the fourth quarter worth about $102,000. Institutional investors and hedge funds own 87.47% of the company’s stock.

Insider Buying and Selling at Ryder System

In other news, EVP Francisco Jr. Lopez sold 12,730 shares of Ryder System stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $139.32, for a total value of $1,773,543.60. Following the completion of the transaction, the executive vice president now directly owns 47,779 shares in the company, valued at $6,656,570.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 5.10% of the company’s stock.

Ryder System Stock Performance

Ryder System stock traded up $0.11 during trading on Thursday, hitting $138.30. The stock had a trading volume of 179,276 shares, compared to its average volume of 261,290. The stock’s 50 day moving average is $128.95 and its two-hundred day moving average is $121.71. Ryder System, Inc. has a 1 year low of $91.31 and a 1 year high of $143.54. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 18.01 and a beta of 1.29. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share 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 during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the prior year, the company earned $3.61 EPS. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, analysts predict that Ryder System, Inc. will post 12.19 EPS for the current year.

Ryder System Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Monday, August 19th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.34%. This is a positive change from Ryder System’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Monday, August 19th. Ryder System’s payout ratio is currently 36.98%.

Analysts Set New Price Targets

R has been the subject of a number of analyst reports. StockNews.com downgraded Ryder System from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 12th. The Goldman Sachs Group increased their price target on Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Robert W. Baird lifted their price objective 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. Vertical Research upgraded shares of Ryder System from a “hold” rating to a “buy” rating and increased their target price for the company from $125.00 to $145.00 in a report on Friday, June 14th. Finally, Stephens initiated coverage on shares of Ryder System in a report on Monday, July 8th. They set an “equal weight” rating on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $137.86.

Ryder System Company 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.