393 Shares in Ryder System, Inc. (NYSE:R) Bought by GAMMA Investing LLC

GAMMA Investing LLC purchased a new stake in Ryder System, Inc. (NYSE:R) in the 4th quarter, HoldingsChannel reports. The fund purchased 393 shares of the transportation company’s stock, valued at approximately $45,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in R. Wellington Management Group LLP raised its stake in Ryder System by 1,051.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,551,559 shares of the transportation company’s stock worth $272,889,000 after buying an additional 2,329,880 shares during the period. Earnest Partners LLC increased its holdings in shares of Ryder System by 2.5% during the third quarter. Earnest Partners LLC now owns 1,666,621 shares of the transportation company’s stock valued at $178,245,000 after acquiring an additional 40,086 shares in the last quarter. LSV Asset Management increased its holdings in shares of Ryder System by 13.5% during the third quarter. LSV Asset Management now owns 1,570,462 shares of the transportation company’s stock valued at $167,961,000 after acquiring an additional 187,174 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Ryder System by 12.3% during the third quarter. AQR Capital Management LLC now owns 845,253 shares of the transportation company’s stock worth $90,400,000 after purchasing an additional 92,760 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Ryder System by 7.9% in the 3rd quarter. American Century Companies Inc. now owns 775,382 shares of the transportation company’s stock worth $82,927,000 after purchasing an additional 56,851 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on R shares. The Goldman Sachs Group boosted their price target on shares of Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Vertical Research cut shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research report on Wednesday, January 10th. Wells Fargo & Company lifted their price target on Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. lifted their target price on Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $126.83.

Insider Buying and Selling

In related news, insider Thomas M. Havens sold 8,000 shares of Ryder System stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $119.40, for a total value of $955,200.00. Following the sale, the insider now owns 24,401 shares of the company’s stock, valued at approximately $2,913,479.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Thomas M. Havens sold 8,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $119.40, for a total transaction of $955,200.00. Following the completion of the transaction, the insider now owns 24,401 shares in the company, valued at approximately $2,913,479.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director E Follin Smith sold 3,671 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $119.16, for a total value of $437,436.36. Following the completion of the sale, the director now owns 38,413 shares in the company, valued at $4,577,293.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,408 shares of company stock worth $2,270,631. Insiders own 5.10% of the company’s stock.

Ryder System Trading Down 0.1 %

NYSE:R opened at $124.58 on Friday. Ryder System, Inc. has a 52 week low of $77.60 and a 52 week high of $127.21. The firm has a 50-day moving average price of $116.09 and a two-hundred day moving average price of $111.43. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 16.22 and a beta of 1.38. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.82 and a current ratio of 0.82.

Ryder System (NYSE:R) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.43. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period last year, the company posted $2.81 earnings per share. Ryder System’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts expect that Ryder System, Inc. will post 11.98 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Monday, May 20th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.28%. Ryder System’s payout ratio is currently 36.98%.

Ryder System 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.