Altshuler Shaham Ltd Takes $29,000 Position in Ryder System, Inc. (NYSE:R)

Altshuler Shaham Ltd acquired a new stake in shares of Ryder System, Inc. (NYSE:R) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 237 shares of the transportation company’s stock, valued at approximately $29,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in shares of Ryder System by 116.5% during the first quarter. Janus Henderson Group PLC now owns 47,459 shares of the transportation company’s stock valued at $5,704,000 after acquiring an additional 25,533 shares during the period. Caxton Associates LP boosted its stake in Ryder System by 206.9% during the 1st quarter. Caxton Associates LP now owns 8,319 shares of the transportation company’s stock valued at $1,000,000 after purchasing an additional 5,608 shares during the period. State Board of Administration of Florida Retirement System grew its position in Ryder System by 41.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 49,303 shares of the transportation company’s stock worth $5,926,000 after purchasing an additional 14,360 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Ryder System in the first quarter valued at approximately $463,000. Finally, Sei Investments Co. boosted its position in shares of Ryder System by 7.0% during the first quarter. Sei Investments Co. now owns 809,590 shares of the transportation company’s stock worth $97,301,000 after buying an additional 53,288 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Insider Buying and Selling

In other 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 transaction, the executive vice president now directly owns 47,779 shares in the company, valued at approximately $6,656,570.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 5.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on R shares. Vertical Research raised Ryder System from a “hold” rating to a “buy” rating and lifted their target price for the company from $125.00 to $145.00 in a research note on Friday, June 14th. JPMorgan Chase & Co. cut their price objective 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. Stephens began coverage on shares of Ryder System in a research report on Monday, July 8th. They issued an “equal weight” rating for the company. Robert W. Baird boosted their price target on shares of Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Morgan Stanley began coverage on shares of Ryder System in a report on Monday, June 24th. They issued an “overweight” rating and a $165.00 price objective for the company. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Ryder System Trading Down 1.3 %

Ryder System stock opened at $146.00 on Monday. Ryder System, Inc. has a 1 year low of $91.31 and a 1 year high of $148.10. The firm’s 50 day moving average price is $136.70 and its two-hundred day moving average price is $125.85. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of 19.01 and a beta of 1.28. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.74 and a current ratio of 0.74.

Ryder System (NYSE:R) last announced its earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the previous year, the firm earned $3.61 earnings per share. Ryder System’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, research analysts predict that Ryder System, Inc. will post 12.19 EPS for the current fiscal year.

Ryder System Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Monday, August 19th were given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.22%. This is a positive change from Ryder System’s previous quarterly dividend of $0.71. The ex-dividend date was Monday, August 19th. Ryder System’s dividend payout ratio is 42.19%.

Ryder System Company 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.