MQS Management LLC Boosts Stake in Ryder System, Inc. (NYSE:R)

MQS Management LLC lifted its stake in shares of Ryder System, Inc. (NYSE:R) by 63.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 4,113 shares of the transportation company’s stock after acquiring an additional 1,595 shares during the period. MQS Management LLC’s holdings in Ryder System were worth $510,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new position in Ryder System during the first quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Ryder System during the 2nd quarter valued at $51,000. Creekmur Asset Management LLC bought a new position in shares of Ryder System during the 4th quarter valued at $68,000. GAMMA Investing LLC raised its position in Ryder System by 44.0% in the 2nd quarter. GAMMA Investing LLC now owns 589 shares of the transportation company’s stock worth $73,000 after purchasing an additional 180 shares during the period. Finally, CWM LLC lifted its stake in Ryder System by 62.0% in the first quarter. CWM LLC now owns 643 shares of the transportation company’s stock worth $77,000 after purchasing an additional 246 shares during the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of Ryder System stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the sale, the executive vice president now directly owns 47,779 shares in the company, valued at $6,656,570.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

R has been the topic of a number of recent research reports. Stephens began coverage on Ryder System in a research note on Monday, July 8th. They set an “equal weight” rating on the stock. Vertical Research upgraded Ryder System from a “hold” rating to a “buy” rating and raised their price target for the stock from $125.00 to $145.00 in a research report on Friday, June 14th. Morgan Stanley assumed coverage on Ryder System in a research report on Monday, June 24th. They issued an “overweight” rating and a $165.00 price objective for the company. StockNews.com cut shares of Ryder System from a “strong-buy” rating to a “buy” rating in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $137.86.

Ryder System Price Performance

R opened at $147.87 on Friday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market capitalization of $6.40 billion, a PE ratio of 19.25 and a beta of 1.28. The stock’s 50 day moving average price is $135.90 and its 200-day moving average price is $125.29. Ryder System, Inc. has a 52-week low of $91.31 and a 52-week high of $148.10.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the previous year, the firm earned $3.61 EPS. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, equities research analysts predict that Ryder System, Inc. will post 12.19 EPS for the current year.

Ryder System Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Monday, August 19th will be issued a $0.81 dividend. The ex-dividend date is Monday, August 19th. This is a positive change from Ryder System’s previous quarterly dividend of $0.71. This represents a $3.24 annualized dividend and a yield of 2.19%. Ryder System’s dividend payout ratio (DPR) is 42.19%.

About Ryder System

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.