Arkadios Wealth Advisors purchased a new stake in Ryder System, Inc. (NYSE:R – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,158 shares of the transportation company’s stock, valued at approximately $343,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TCTC Holdings LLC increased its position in shares of Ryder System by 116.5% in the first quarter. TCTC Holdings LLC now owns 223 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 120 shares during the last quarter. IFP Advisors Inc grew its stake in Ryder System by 103.6% in the second quarter. IFP Advisors Inc now owns 224 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 114 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of Ryder System during the 2nd quarter worth approximately $37,000. Geneos Wealth Management Inc. increased its position in shares of Ryder System by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock worth $41,000 after purchasing an additional 109 shares during the last quarter. Finally, Harbor Asset Planning Inc. bought a new stake in shares of Ryder System during the 2nd quarter worth approximately $59,000. 87.47% of the stock is owned by institutional investors.
Ryder System Price Performance
NYSE R opened at $167.51 on Thursday. The firm’s 50 day moving average price is $182.33 and its 200-day moving average price is $168.79. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $6.76 billion, a PE ratio of 14.15 and a beta of 1.00. Ryder System, Inc. has a 52-week low of $125.54 and a 52-week high of $195.48.
Ryder System Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 17th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, November 17th. Ryder System’s dividend payout ratio is 30.74%.
Insider Activity
In other Ryder System news, SVP Sanford J. Hodes sold 532 shares of Ryder System stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $187.48, for a total transaction of $99,739.36. Following the completion of the transaction, the senior vice president owned 24,452 shares in the company, valued at approximately $4,584,260.96. This trade represents a 2.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas M. Havens sold 6,500 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $181.77, for a total value of $1,181,505.00. Following the completion of the transaction, the insider directly owned 32,478 shares of the company’s stock, valued at approximately $5,903,526.06. This trade represents a 16.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 12,532 shares of company stock valued at $2,309,634 in the last ninety days. Insiders own 5.20% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a research note on Wednesday, October 8th. Citigroup initiated coverage on Ryder System in a research note on Monday, September 22nd. They issued a “buy” rating and a $217.00 price objective on the stock. Robert W. Baird raised their price objective on Ryder System from $186.00 to $192.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Wall Street Zen raised Ryder System from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, Morgan Stanley upped their price objective on shares of Ryder System from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ryder System has an average rating of “Moderate Buy” and an average target price of $195.89.
Check Out Our Latest Research Report on R
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.
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