Nomura Holdings Inc. Takes Position in Ryder System, Inc. (NYSE:R)

Nomura Holdings Inc. purchased a new stake in Ryder System, Inc. (NYSE:R) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,947 shares of the transportation company’s stock, valued at approximately $339,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. UBS Group AG grew its stake in Ryder System by 24.2% during the 3rd quarter. UBS Group AG now owns 78,946 shares of the transportation company’s stock worth $8,443,000 after buying an additional 15,361 shares during the last quarter. Deutsche Bank AG grew its stake in Ryder System by 129.9% during the 3rd quarter. Deutsche Bank AG now owns 9,223 shares of the transportation company’s stock worth $986,000 after buying an additional 5,212 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in Ryder System by 174.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,717 shares of the transportation company’s stock worth $812,000 after buying an additional 4,908 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Ryder System by 14.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,566 shares of the transportation company’s stock worth $274,000 after buying an additional 325 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Ryder System by 57.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 74,075 shares of the transportation company’s stock worth $7,922,000 after buying an additional 27,003 shares during the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Stock Performance

Shares of R stock opened at $121.00 on Friday. The stock has a market cap of $5.30 billion, a PE ratio of 15.76 and a beta of 1.32. The business has a 50-day simple moving average of $120.93 and a 200-day simple moving average of $116.44. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.22. Ryder System, Inc. has a 52-week low of $81.10 and a 52-week high of $128.85.

Ryder System (NYSE:R) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.43. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.81 EPS. On average, equities analysts expect that Ryder System, Inc. will post 12.1 EPS for the current year.

Ryder System Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Monday, May 20th were issued a $0.71 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $2.84 dividend on an annualized basis and a yield of 2.35%. Ryder System’s payout ratio is 36.98%.

Wall Street Analyst Weigh In

R has been the topic of several research analyst reports. Vertical Research upgraded Ryder System from a “hold” rating to a “buy” rating and boosted their target price for the stock from $125.00 to $145.00 in a research note on Friday, June 14th. JPMorgan Chase & Co. lifted their price target on Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group lifted their price target on Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Finally, Stephens lifted their price target on Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Ryder System has a consensus rating of “Moderate Buy” and an average target price of $131.00.

Insider Buying and Selling

In related news, CMO Karen M. Jones sold 6,776 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $120.44, for a total value of $816,101.44. Following the completion of the transaction, the chief marketing officer now owns 5,666 shares of the company’s stock, valued at approximately $682,413.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ryder System news, CMO Karen M. Jones sold 6,776 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $120.44, for a total transaction of $816,101.44. Following the completion of the sale, the chief marketing officer now directly owns 5,666 shares in the company, valued at approximately $682,413.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Sanford J. Hodes sold 3,360 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $125.59, for a total value of $421,982.40. Following the sale, the senior vice president now owns 24,119 shares of the company’s stock, valued at $3,029,105.21. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,800 shares of company stock valued at $11,990,862. 5.10% of the stock is owned by company insiders.

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.