UMB Bank n.a. Has $104,000 Holdings in Ryder System, Inc. (NYSE:R)

UMB Bank n.a. increased its holdings in shares of Ryder System, Inc. (NYSE:R) by 98.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 720 shares of the transportation company’s stock after purchasing an additional 358 shares during the quarter. UMB Bank n.a.’s holdings in Ryder System were worth $104,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in R. Savant Capital LLC raised its position in shares of Ryder System by 3.6% in the fourth quarter. Savant Capital LLC now owns 2,438 shares of the transportation company’s stock valued at $382,000 after purchasing an additional 84 shares during the period. Principal Securities Inc. increased its position in Ryder System by 36.5% during 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 period. James Investment Research Inc. increased its position in Ryder System by 32.0% during 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 period. Sanctuary Advisors LLC increased its position in Ryder System by 0.9% during 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 period. Finally, CIBC Asset Management Inc acquired a new stake in Ryder System during the fourth quarter worth about $215,000. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analysts Set New Price Targets

R has been the topic of a number of research analyst reports. Stephens reduced their price target on shares of Ryder System from $168.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. Wall Street Zen lowered shares of Ryder System from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Barclays assumed coverage on shares of Ryder System in a report on Monday. They set an “overweight” rating and a $190.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their price target on shares of Ryder System from $174.00 to $165.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Three 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.71.

Ryder System Stock Performance

NYSE:R opened at $149.60 on Friday. The business has a 50 day moving average price of $145.54 and a 200-day moving average price of $153.09. Ryder System, Inc. has a fifty-two week low of $116.58 and a fifty-two week high of $171.78. The firm has a market cap of $6.18 billion, a PE ratio of 13.49 and a beta of 0.96. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75.

Ryder System (NYSE:R) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period last year, the company earned $2.14 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. Equities research analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 19th will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.17%. Ryder System’s payout ratio is 28.25%.

Insider Transactions at Ryder System

In related news, CEO Robert E. Sanchez sold 18,496 shares of the business’s 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 completion of the sale, the chief executive officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director E Follin Smith sold 1,243 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $144.38, for a total value of $179,464.34. Following the completion of the sale, the director now owns 39,802 shares of the company’s stock, valued at approximately $5,746,612.76. The trade was a 3.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% 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.