Raymond James Financial Services Advisors Inc. Grows Holdings in Ryder System, Inc. (NYSE:R)

Raymond James Financial Services Advisors Inc. grew its holdings in Ryder System, Inc. (NYSE:R) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,260 shares of the transportation company’s stock after purchasing an additional 231 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Ryder System were worth $490,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James & Associates increased its stake in shares of Ryder System by 48.5% during the fourth quarter. Raymond James & Associates now owns 20,700 shares of the transportation company’s stock valued at $2,382,000 after buying an additional 6,757 shares during the period. Contravisory Investment Management Inc. purchased a new position in shares of Ryder System during the fourth quarter valued at $26,000. Public Employees Retirement System of Ohio increased its stake in shares of Ryder System by 1.2% during the third quarter. Public Employees Retirement System of Ohio now owns 21,010 shares of the transportation company’s stock valued at $2,247,000 after buying an additional 251 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of Ryder System by 84.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 16,749 shares of the transportation company’s stock valued at $1,791,000 after buying an additional 7,680 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Ryder System by 1,051.0% during the third quarter. Wellington Management Group LLP now owns 2,551,559 shares of the transportation company’s stock valued at $272,889,000 after buying an additional 2,329,880 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Price Performance

Shares of NYSE R opened at $108.71 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market cap of $4.81 billion, a PE ratio of 12.45 and a beta of 1.40. The business has a 50-day simple moving average of $114.39 and a two-hundred day simple moving average of $110.25. Ryder System, Inc. has a fifty-two week low of $76.15 and a fifty-two week high of $121.58.

Ryder System (NYSE:R) last released its earnings results on Wednesday, February 14th. The transportation company reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $0.20. Ryder System had a return on equity of 19.68% and a net margin of 3.45%. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the company posted $3.89 earnings per share. The company’s revenue was down 2.1% compared to the same quarter last year. As a group, equities analysts expect that Ryder System, Inc. will post 11.9 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 20th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend was Friday, February 16th. Ryder System’s dividend payout ratio (DPR) is 32.53%.

Analyst Upgrades and Downgrades

R has been the topic of a number of recent research reports. Vertical Research downgraded Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research report on Wednesday, January 10th. Robert W. Baird reaffirmed a “buy” rating and set a $140.00 price objective on shares of Ryder System in a research report on Wednesday, January 3rd. Wells Fargo & Company raised their price objective on Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Stephens raised their price objective on Ryder System from $110.00 to $113.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Finally, StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ryder System presently has a consensus rating of “Hold” and a consensus target price of $120.00.

Insider Buying and Selling

In related news, CMO Karen M. Jones sold 7,737 shares of Ryder System stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total transaction of $877,994.76. Following the completion of the sale, the chief marketing officer now owns 12,396 shares of the company’s stock, valued at $1,406,698.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.10% of the company’s stock.

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.