Ryder System, Inc. (NYSE:R) Stock Holdings Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in shares of Ryder System, Inc. (NYSE:R) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,133 shares of the transportation company’s stock after purchasing an additional 274 shares during the quarter. Envestnet Asset Management Inc. owned about 0.19% of Ryder System worth $11,236,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Ryder System during the 4th quarter valued at $97,844,000. Leigh Baldwin & CO. LLC acquired a new stake in shares of Ryder System during the 4th quarter valued at $40,475,000. GAMMA Investing LLC lifted its position in shares of Ryder System by 20,298.3% during the 1st quarter. GAMMA Investing LLC now owns 183,789 shares of the transportation company’s stock valued at $26,431,000 after acquiring an additional 182,888 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Ryder System during the 4th quarter valued at $16,317,000. Finally, Northern Trust Corp lifted its position in shares of Ryder System by 28.1% during the 4th quarter. Northern Trust Corp now owns 447,890 shares of the transportation company’s stock valued at $70,256,000 after acquiring an additional 98,196 shares during the last quarter. 87.47% of the stock is owned by institutional investors.

Ryder System Stock Down 1.3%

R stock opened at $169.76 on Friday. Ryder System, Inc. has a twelve month low of $123.36 and a twelve month high of $177.40. The company has a market cap of $7.02 billion, a PE ratio of 14.80 and a beta of 0.97. The business’s 50-day simple moving average is $158.17 and its 200 day simple moving average is $153.23. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.21.

Ryder System (NYSE:R) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.06. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Ryder System had a net margin of 3.96% and a return on equity of 17.64%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.14 earnings per share. On average, research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.14%. The ex-dividend date is Monday, August 18th. This is a boost from Ryder System’s previous quarterly dividend of $0.81. Ryder System’s payout ratio is 28.25%.

Wall Street Analyst Weigh In

R has been the subject of several recent research reports. Stephens cut their price objective on Ryder System from $168.00 to $150.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. increased their price objective on Ryder System from $165.00 to $173.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Robert W. Baird initiated coverage on Ryder System in a report on Tuesday, July 1st. They set an “outperform” rating and a $186.00 price objective for the company. Wall Street Zen lowered Ryder System from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Finally, Susquehanna began coverage on Ryder System in a report on Tuesday, July 15th. They set a “positive” rating and a $215.00 target price on the stock. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.43.

Insider Activity at Ryder System

In related news, CEO Robert E. Sanchez sold 18,496 shares of the company’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total value of $2,880,382.08. Following the completion of the transaction, the chief executive officer directly owned 40,824 shares of the company’s stock, valued at approximately $6,357,521.52. This represents a 31.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director E Follin Smith sold 1,243 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $144.38, for a total transaction of $179,464.34. Following the completion of the transaction, the director directly owned 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 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.