Intech Investment Management LLC Buys New Shares in Ryder System, Inc. (NYSE:R)

Intech Investment Management LLC purchased a new stake in shares of Ryder System, Inc. (NYSE:R) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,511 shares of the transportation company’s stock, valued at approximately $1,798,000.

Several other large investors have also made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its holdings in shares of Ryder System by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company’s stock worth $4,510,000 after purchasing an additional 106 shares during the last quarter. CWM LLC raised its holdings in shares of Ryder System by 17.9% during the 2nd 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 raised its holdings in shares of Ryder System by 8.7% during the 4th 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 boosted its position in shares of Ryder System by 1.5% during the 2nd 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 last quarter. Finally, Retirement Systems of Alabama grew its holdings in shares of Ryder System by 0.3% in the first quarter. Retirement Systems of Alabama now owns 55,658 shares of the transportation company’s stock valued at $6,690,000 after purchasing an additional 146 shares in the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

R has been the subject of several research reports. Robert W. Baird increased their price objective on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Morgan Stanley began coverage on Ryder System in a research report on Monday, June 24th. They issued an “overweight” rating and a $165.00 price target for the company. JPMorgan Chase & Co. reduced their price objective on 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 started coverage on Ryder System in a research note on Monday, July 8th. They issued an “equal weight” rating for the company. Finally, StockNews.com downgraded Ryder System from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 12th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $137.86.

Ryder System Trading Up 0.9 %

Shares of NYSE R opened at $147.26 on Tuesday. Ryder System, Inc. has a 1-year low of $91.31 and a 1-year high of $148.10. The business has a fifty day moving average price of $137.01 and a 200 day moving average price of $126.07. The stock has a market capitalization of $6.45 billion, a P/E ratio of 19.17 and a beta of 1.28. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.74 and a quick ratio of 0.74.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, July 25th. The transportation company reported $3.00 EPS for the quarter, beating 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 firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the prior year, the business posted $3.61 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. Equities research analysts expect that Ryder System, Inc. will post 12.19 EPS for the current fiscal year.

Ryder System Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Monday, August 19th were paid a dividend of $0.81 per share. This is an increase from Ryder System’s previous quarterly dividend of $0.71. This represents a $3.24 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Monday, August 19th. Ryder System’s payout ratio is presently 42.19%.

Insider Activity

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of Ryder System stock in a transaction dated 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 completion of the sale, the executive vice president now owns 47,779 shares of the company’s stock, valued at approximately $6,656,570.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

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.