Ryder System, Inc. (NYSE:R) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its position in Ryder System, Inc. (NYSE:R) by 16.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,068 shares of the transportation company’s stock after purchasing an additional 858 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Ryder System were worth $952,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of R. Burns Matteson Capital Management LLC bought a new position in Ryder System in the fourth quarter worth about $395,000. Savant Capital LLC lifted its holdings in Ryder System by 3.6% in the fourth quarter. Savant Capital LLC now owns 2,438 shares of the transportation company’s stock worth $382,000 after acquiring an additional 84 shares during the last quarter. Principal Securities Inc. lifted its holdings in Ryder System by 36.5% in the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock worth $54,000 after acquiring an additional 92 shares during the last quarter. James Investment Research Inc. lifted its holdings in Ryder System by 32.0% in the fourth quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company’s stock worth $1,941,000 after acquiring an additional 2,999 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in Ryder System by 0.9% in the fourth quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company’s stock worth $1,282,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

Insiders Place Their Bets

In other Ryder System news, Director E Follin Smith sold 1,243 shares of Ryder System stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $144.38, for a total transaction of $179,464.34. Following the transaction, the director now directly owns 39,802 shares in the company, valued at approximately $5,746,612.76. The trade was a 3.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert E. Sanchez sold 18,496 shares of Ryder System stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $155.73, for a total transaction of $2,880,382.08. Following the transaction, the chief executive officer now owns 40,824 shares in the company, valued at approximately $6,357,521.52. The trade was a 31.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

Ryder System Price Performance

NYSE R opened at $153.11 on Tuesday. Ryder System, Inc. has a 12 month low of $116.58 and a 12 month high of $171.78. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $6.33 billion, a PE ratio of 13.81 and a beta of 0.96. The company’s 50 day simple moving average is $144.55 and its 200 day simple moving average is $153.24.

Ryder System (NYSE:R) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.06. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.17 billion. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.14 earnings per share. As a group, equities research analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 19th will be given a $0.81 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.24 annualized dividend and a yield of 2.12%. Ryder System’s dividend payout ratio (DPR) is 28.25%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on R shares. Wall Street Zen cut Ryder System from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Stephens cut their price target on Ryder System from $168.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Barclays began coverage on Ryder System in a report on Monday. They set an “overweight” rating and a $190.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Ryder System from $174.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Ryder System currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.71.

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.