Ashton Thomas Private Wealth LLC Makes New Investment in Ryder System, Inc. (NYSE:R)

Ashton Thomas Private Wealth LLC bought a new position in Ryder System, Inc. (NYSE:R) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 415 shares of the transportation company’s stock, valued at approximately $51,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Ryder System by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company’s stock valued at $4,510,000 after purchasing an additional 106 shares during the period. CWM LLC increased its position in shares of Ryder System by 17.9% in the second quarter. CWM LLC now owns 758 shares of the transportation company’s stock worth $94,000 after acquiring an additional 115 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Ryder System by 8.7% in the fourth quarter. Parallel Advisors LLC now owns 1,455 shares of the transportation company’s stock worth $167,000 after acquiring an additional 116 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Ryder System by 1.5% during the second quarter. SummerHaven Investment Management LLC now owns 8,739 shares of the transportation company’s stock valued at $1,083,000 after acquiring an additional 126 shares during the period. Finally, Retirement Systems of Alabama boosted its stake in Ryder System by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 55,658 shares of the transportation company’s stock worth $6,690,000 after purchasing an additional 146 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the completion of the transaction, the executive vice president now owns 47,779 shares of the company’s stock, valued at approximately $6,656,570.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on R. Stephens initiated coverage on Ryder System in a report on Monday, July 8th. They issued an “equal weight” rating for the company. Vertical Research raised Ryder System from a “hold” rating to a “buy” rating and increased their price objective for the stock from $125.00 to $145.00 in a research note on Friday, June 14th. Robert W. Baird upped their target price on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, July 26th. JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, StockNews.com lowered shares of Ryder System from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 12th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.86.

Ryder System Price Performance

NYSE R opened at $138.24 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $6.06 billion, a PE ratio of 18.00 and a beta of 1.28. Ryder System, Inc. has a 12-month low of $91.31 and a 12-month high of $145.61. The company has a 50 day moving average price of $134.53 and a two-hundred day moving average price of $124.78.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.13. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the prior year, the company posted $3.61 EPS. The firm’s revenue was up 10.3% on a year-over-year basis. As a group, equities analysts predict that Ryder System, Inc. will post 12.19 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Monday, August 19th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.34%. This is a boost from Ryder System’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, August 19th. Ryder System’s payout ratio is presently 42.19%.

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.