Creative Planning Acquires 1,308 Shares of Ryder System, Inc. (NYSE:R)

Creative Planning boosted its holdings in Ryder System, Inc. (NYSE:R) by 5.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,220 shares of the transportation company’s stock after purchasing an additional 1,308 shares during the quarter. Creative Planning owned approximately 0.06% of Ryder System worth $3,677,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Caxton Associates LP lifted its position in shares of Ryder System by 206.9% in the first quarter. Caxton Associates LP now owns 8,319 shares of the transportation company’s stock worth $1,000,000 after buying an additional 5,608 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Ryder System by 116.5% during the 1st 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 last quarter. State Board of Administration of Florida Retirement System increased its position in Ryder System by 41.1% in the first 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 purchased a new stake in Ryder System during the first quarter valued at $463,000. Finally, Sei Investments Co. lifted its position in Ryder System by 7.0% during the first quarter. Sei Investments Co. now owns 809,590 shares of the transportation company’s stock valued at $97,301,000 after purchasing an additional 53,288 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ryder System

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the business’s 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 sale, the executive vice president now owns 47,779 shares in the company, valued at approximately $6,656,570.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.10% of the company’s stock.

Ryder System Stock Up 0.6 %

Ryder System stock opened at $139.76 on Friday. Ryder System, Inc. has a twelve month low of $91.31 and a twelve month high of $154.76. The business has a fifty day moving average of $142.94 and a two-hundred day moving average of $130.95. The firm has a market cap of $6.13 billion, a P/E ratio of 18.20 and a beta of 1.28. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09.

Ryder System (NYSE:R) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, topping the consensus estimate of $3.39 by $0.05. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. Ryder System’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.58 EPS. On average, analysts forecast that Ryder System, Inc. will post 12.2 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.32%. Ryder System’s dividend payout ratio is currently 42.19%.

Wall Street Analysts Forecast Growth

R has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research report on Friday. Robert W. Baird lifted their price objective on shares of Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Finally, Stephens began coverage on shares of Ryder System in a report on Monday, July 8th. They set an “equal weight” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.57.

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.