Aljian Capital Management LLC Takes $237,000 Position in Ryder System, Inc. (NYSE:R)

Aljian Capital Management LLC acquired a new position in Ryder System, Inc. (NYSE:R) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,623 shares of the transportation company’s stock, valued at approximately $237,000.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Ryder System by 2.1% in the first quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation company’s stock worth $627,800,000 after buying an additional 109,930 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of Ryder System by 3.4% during the 2nd quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company’s stock worth $237,298,000 after acquiring an additional 62,815 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Ryder System by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company’s stock worth $213,345,000 after acquiring an additional 31,550 shares during the last quarter. American Century Companies Inc. raised its position in shares of Ryder System by 1.9% during the second quarter. American Century Companies Inc. now owns 890,877 shares of the transportation company’s stock worth $110,362,000 after purchasing an additional 17,009 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Ryder System by 4.7% during the second quarter. Sei Investments Co. now owns 847,581 shares of the transportation company’s stock valued at $104,997,000 after purchasing an additional 37,991 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Insider Buying and Selling at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total transaction of $629,760.00. Following the transaction, the insider now owns 20,504 shares in the company, valued at approximately $3,228,149.76. This trade represents a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.10% of the company’s stock.

Ryder System Stock Performance

Shares of NYSE:R opened at $162.41 on Monday. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. The business’s fifty day moving average price is $147.88 and its two-hundred day moving average price is $135.30. Ryder System, Inc. has a fifty-two week low of $104.44 and a fifty-two week high of $170.20. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 15.19 and a beta of 1.28.

Ryder System (NYSE:R) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, topping the consensus estimate of $3.39 by $0.05. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter last year, the business posted $3.58 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. As a group, analysts predict that Ryder System, Inc. will post 12.01 EPS for the current fiscal year.

Ryder System Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 annualized dividend and a yield of 1.99%. Ryder System’s dividend payout ratio is currently 30.31%.

Analyst Upgrades and Downgrades

Several research analysts have commented on R shares. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. decreased their price objective 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 increased their target price on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Four research 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.57.

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.