Natixis Advisors L.P. Grows Stock Position in Ryder System, Inc. (NYSE:R)

Natixis Advisors L.P. grew its position in Ryder System, Inc. (NYSE:R) by 16.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 60,772 shares of the transportation company’s stock after buying an additional 8,391 shares during the quarter. Natixis Advisors L.P.’s holdings in Ryder System were worth $6,992,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in R. Contravisory Investment Management Inc. acquired a new stake in shares of Ryder System in the fourth quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new stake in shares of Ryder System in the third quarter valued at approximately $26,000. GAMMA Investing LLC acquired a new stake in shares of Ryder System in the fourth quarter valued at approximately $45,000. Quent Capital LLC increased its holdings in shares of Ryder System by 17.7% in the fourth quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock valued at $86,000 after purchasing an additional 112 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Ryder System by 110.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,789 shares of the transportation company’s stock valued at $191,000 after purchasing an additional 939 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Insider Buying and Selling

In related news, insider John S. Sensing sold 11,920 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $126.12, for a total value of $1,503,350.40. Following the transaction, the insider now directly owns 55,375 shares of the company’s stock, valued at approximately $6,983,895. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider John S. Sensing sold 11,920 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $126.12, for a total value of $1,503,350.40. Following the completion of the sale, the insider now directly owns 55,375 shares of the company’s stock, valued at approximately $6,983,895. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Karen M. Jones sold 7,737 shares of Ryder System stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the transaction, the chief marketing officer now directly owns 12,396 shares in the company, valued at approximately $1,406,698.08. The disclosure for this sale can be found here. Insiders sold a total of 36,131 shares of company stock worth $4,377,219 over the last 90 days. 5.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. The Goldman Sachs Group raised their target price on Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Wells Fargo & Company raised their target price on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. raised their target price on Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, Stephens raised their target price on Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $126.83.

Ryder System Trading Up 1.5 %

Shares of NYSE R opened at $127.40 on Friday. Ryder System, Inc. has a twelve month low of $77.60 and a twelve month high of $127.55. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.22. The stock has a fifty day simple moving average of $117.33 and a 200-day simple moving average of $112.23. The stock has a market capitalization of $5.58 billion, a PE ratio of 16.59 and a beta of 1.38.

Ryder System (NYSE:R) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the previous year, the firm posted $2.81 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. On average, equities analysts forecast that Ryder System, Inc. will post 11.98 earnings per share for the current year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders 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 dividend yield of 2.23%. The ex-dividend date is Friday, May 17th. Ryder System’s dividend payout ratio (DPR) is presently 36.98%.

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.