SeaCrest Wealth Management LLC Acquires New Holdings in Ryder System, Inc. (NYSE:R)

SeaCrest Wealth Management LLC purchased a new position in shares of Ryder System, Inc. (NYSE:RGet Rating) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,049 shares of the transportation company’s stock, valued at approximately $75,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Lazard Asset Management LLC increased its stake in Ryder System by 1.9% during the second quarter. Lazard Asset Management LLC now owns 28,694 shares of the transportation company’s stock worth $2,038,000 after purchasing an additional 532 shares during the period. Altrius Capital Management Inc purchased a new stake in Ryder System during the second quarter worth about $4,059,000. Y Intercept Hong Kong Ltd purchased a new stake in Ryder System during the second quarter worth about $724,000. M&T Bank Corp increased its stake in Ryder System by 178.9% during the second quarter. M&T Bank Corp now owns 10,926 shares of the transportation company’s stock worth $323,000 after purchasing an additional 7,008 shares during the period. Finally, Buckley Wealth Management LLC increased its stake in Ryder System by 4.8% during the second quarter. Buckley Wealth Management LLC now owns 13,260 shares of the transportation company’s stock worth $942,000 after purchasing an additional 610 shares during the period. 87.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ryder System

In other Ryder System news, CFO John J. Diez sold 2,573 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $80.78, for a total value of $207,846.94. Following the completion of the sale, the chief financial officer now owns 69,757 shares in the company, valued at $5,634,970.46. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Ryder System news, CFO John J. Diez sold 2,573 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $80.78, for a total value of $207,846.94. Following the completion of the sale, the chief financial officer now owns 69,757 shares in the company, valued at $5,634,970.46. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Robert D. Fatovic sold 16,808 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $81.26, for a total value of $1,365,818.08. Following the sale, the executive vice president now owns 47,367 shares of the company’s stock, valued at approximately $3,849,042.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 120,372 shares of company stock worth $9,746,884. 3.50% of the stock is owned by insiders.

Ryder System Stock Performance

Shares of R opened at $90.16 on Friday. The stock has a 50 day moving average price of $78.93 and a 200 day moving average price of $77.42. The company has a quick ratio of 0.71, a current ratio of 0.73 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 5.56 and a beta of 1.57. Ryder System, Inc. has a 52-week low of $61.71 and a 52-week high of $90.48.

Ryder System (NYSE:RGet Rating) last announced its quarterly earnings results on Wednesday, October 26th. The transportation company reported $4.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.75. The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.96 billion. Ryder System had a return on equity of 29.45% and a net margin of 7.31%. The firm’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.55 earnings per share. Research analysts predict that Ryder System, Inc. will post 16.01 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 16th. Shareholders of record on Monday, November 21st will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Friday, November 18th. Ryder System’s dividend payout ratio is currently 15.29%.

Analyst Ratings Changes

A number of brokerages have recently commented on R. Robert W. Baird boosted their price objective on Ryder System to $87.00 in a research report on Thursday, October 27th. Stephens boosted their price objective on Ryder System from $86.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 27th. Finally, StockNews.com raised Ryder System from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 14th. Five equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $84.00.

Ryder System Company Profile

(Get Rating)

Ryder System, Inc operates as a logistics and transportation company worldwide. The company 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, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.

Recommended Stories

Want to see what other hedge funds are holding R? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryder System, Inc. (NYSE:RGet Rating).

Institutional Ownership by Quarter for Ryder System (NYSE:R)

Receive News & Ratings for Ryder System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System and related companies with MarketBeat.com's FREE daily email newsletter.