Ryder System, Inc. (NYSE:R) Shares Purchased by Hancock Whitney Corp

Hancock Whitney Corp boosted its position in shares of Ryder System, Inc. (NYSE:R) by 43.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,769 shares of the transportation company’s stock after buying an additional 9,606 shares during the period. Hancock Whitney Corp owned 0.07% of Ryder System worth $3,936,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. EntryPoint Capital LLC acquired a new stake in Ryder System during the 1st quarter worth approximately $25,000. Ashton Thomas Private Wealth LLC acquired a new position in Ryder System in the 2nd quarter valued at $51,000. Creekmur Asset Management LLC purchased a new position in Ryder System during the 4th quarter worth $68,000. GAMMA Investing LLC lifted its stake in shares of 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 acquiring an additional 180 shares during the period. Finally, CWM LLC boosted its holdings in shares of Ryder System by 62.0% in the first quarter. CWM LLC now owns 643 shares of the transportation company’s stock valued at $77,000 after acquiring an additional 246 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Insider Buying and Selling at Ryder System

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $139.32, for a total value of $1,773,543.60. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.10% of the stock is currently owned by insiders.

Ryder System Stock Performance

NYSE R opened at $146.00 on Friday. 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 cap of $6.32 billion, a price-to-earnings ratio of 19.01 and a beta of 1.28. Ryder System, Inc. has a fifty-two week low of $91.31 and a fifty-two week high of $148.10. The business has a fifty day moving average of $136.70 and a 200-day moving average of $125.77.

Ryder System (NYSE:R) last announced its earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.13. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the previous year, the company posted $3.61 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, 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 announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Monday, August 19th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $3.24 dividend on an annualized basis and a yield of 2.22%. This is a positive change from Ryder System’s previous quarterly dividend of $0.71. Ryder System’s dividend payout ratio (DPR) is 42.19%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on R. Robert W. Baird increased their target price on Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. lowered 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 report on Tuesday, July 9th. Morgan Stanley assumed coverage on Ryder System in a research note on Monday, June 24th. They set an “overweight” rating and a $165.00 price target on the stock. StockNews.com cut Ryder System from a “strong-buy” rating to a “buy” rating in a report on Friday, July 12th. Finally, Stephens began coverage on Ryder System in a research report on Monday, July 8th. They issued an “equal weight” rating for the company. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $137.86.

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.