B.O.S.S. Retirement Advisors LLC acquired a new stake in Ryder System, Inc. (NYSE:R – Free Report) 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 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.
Get Our Latest Stock Analysis on R
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.
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