Ensign Peak Advisors Inc Purchases 3,640 Shares of Ryder System, Inc. (NYSE:R)

Ensign Peak Advisors Inc raised its position in Ryder System, Inc. (NYSE:R) by 25.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 17,813 shares of the transportation company’s stock after acquiring an additional 3,640 shares during the period. Ensign Peak Advisors Inc’s holdings in Ryder System were worth $2,207,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of R. Vanguard Group Inc. increased its position in shares of Ryder System by 2.1% during the first quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation company’s stock worth $627,800,000 after acquiring an additional 109,930 shares in the last quarter. Wellington Management Group LLP increased its holdings in Ryder System by 34.9% during the 4th quarter. Wellington Management Group LLP now owns 3,442,545 shares of the transportation company’s stock worth $396,099,000 after purchasing an additional 890,986 shares in the last quarter. Earnest Partners LLC raised its stake in shares of Ryder System by 2.4% in the first quarter. Earnest Partners LLC now owns 1,852,729 shares of the transportation company’s stock worth $222,679,000 after purchasing an additional 43,592 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ryder System by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company’s stock valued at $213,345,000 after purchasing an additional 31,550 shares in the last quarter. Finally, American Century Companies Inc. boosted 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 valued at $110,362,000 after buying an additional 17,009 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

Ryder System Trading Up 0.5 %

NYSE:R opened at $145.44 on Friday. Ryder System, Inc. has a 12 month low of $91.31 and a 12 month high of $150.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.09. The firm’s 50 day moving average is $138.08 and its 200 day moving average is $126.81. The stock has a market capitalization of $6.37 billion, a PE ratio of 18.94 and a beta of 1.28.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, July 25th. The transportation company reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.24 billion. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.61 EPS. Sell-side analysts expect that Ryder System, Inc. will post 12.19 earnings per share for the current year.

Ryder System Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Monday, August 19th were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Monday, August 19th. This is a positive change from Ryder System’s previous quarterly dividend of $0.71. Ryder System’s dividend payout ratio (DPR) is currently 42.19%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Robert W. Baird increased their price target on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Vertical Research upgraded shares of Ryder System from a “hold” rating to a “buy” rating and increased their target price for the company from $125.00 to $145.00 in a report on Friday, June 14th. Morgan Stanley assumed coverage on shares of Ryder System in a report on Monday, June 24th. They set an “overweight” rating and a $165.00 price target on the stock. StockNews.com cut shares of Ryder System from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 12th. Finally, Stephens assumed coverage on Ryder System in a report on Monday, July 8th. They issued an “equal weight” rating for the company. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.86.

Insider Transactions at Ryder System

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the sale, the executive vice president now owns 47,779 shares of the company’s stock, valued at approximately $6,656,570.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.10% of the company’s stock.

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.