US Bancorp DE Acquires 1,652 Shares of Ryder System, Inc. (NYSE:R)

US Bancorp DE increased its holdings in Ryder System, Inc. (NYSE:R) by 40.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,719 shares of the transportation company’s stock after purchasing an additional 1,652 shares during the quarter. US Bancorp DE’s holdings in Ryder System were worth $834,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of R. Custom Index Systems LLC boosted its position in Ryder System by 78.4% during the third quarter. Custom Index Systems LLC now owns 4,372 shares of the transportation company’s stock valued at $637,000 after acquiring an additional 1,922 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Ryder System by 5.0% during the third quarter. State of Alaska Department of Revenue now owns 5,028 shares of the transportation company’s stock valued at $733,000 after acquiring an additional 240 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in Ryder System by 5.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 6,989 shares of the transportation company’s stock valued at $1,014,000 after acquiring an additional 337 shares during the last quarter. First Bank & Trust bought a new stake in Ryder System during the third quarter valued at $204,000. Finally, Ballentine Partners LLC acquired a new position in shares of Ryder System during the third quarter valued at about $207,000. Institutional investors own 87.47% of the company’s stock.

Ryder System Stock Up 2.5 %

Ryder System stock opened at $162.82 on Friday. Ryder System, Inc. has a twelve month low of $100.15 and a twelve month high of $163.15. The firm has a 50 day moving average price of $145.18 and a 200-day moving average price of $133.71. The company has a market capitalization of $6.89 billion, a P/E ratio of 15.23 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 2.17.

Ryder System (NYSE:R) last released its earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, beating analysts’ consensus estimates of $3.39 by $0.05. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.58 EPS. As a group, equities analysts predict that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 1.99%. The ex-dividend date is Monday, November 18th. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

Analyst Upgrades and Downgrades

R has been the topic of several research reports. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. dropped their price objective on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, Robert W. Baird upped their target price on shares of Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.57.

Insider Buying and Selling

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total value of $629,760.00. Following the completion of the transaction, the insider now directly owns 20,504 shares of the company’s stock, valued at $3,228,149.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.10% of the stock is owned by insiders.

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.