Farther Finance Advisors LLC Has $68,000 Stock Holdings in Ryder System, Inc. (NYSE:R)

Farther Finance Advisors LLC reduced its position in Ryder System, Inc. (NYSE:R) by 40.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 469 shares of the transportation company’s stock after selling 317 shares during the period. Farther Finance Advisors LLC’s holdings in Ryder System were worth $68,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of R. UMB Bank n.a. raised its position in shares of Ryder System by 43.2% in the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 80 shares during the period. Truist Financial Corp lifted its position in Ryder System by 0.6% during the second quarter. Truist Financial Corp now owns 14,303 shares of the transportation company’s stock worth $1,772,000 after acquiring an additional 90 shares during the last quarter. Buckley Wealth Management LLC boosted its holdings in shares of Ryder System by 1.1% during the third quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company’s stock worth $1,408,000 after acquiring an additional 105 shares during the period. Price T Rowe Associates Inc. MD grew its position 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 valued at $4,510,000 after purchasing an additional 106 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Ryder System by 17.9% during the second quarter. CWM LLC now owns 758 shares of the transportation company’s stock worth $94,000 after purchasing an additional 115 shares during the period. Institutional investors own 87.47% of the company’s stock.

Insider Transactions at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $3,228,149.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 5.10% of the company’s stock.

Ryder System Stock Performance

Shares of NYSE:R opened at $164.28 on Wednesday. Ryder System, Inc. has a 1 year low of $102.81 and a 1 year high of $167.07. The stock has a market capitalization of $6.95 billion, a price-to-earnings ratio of 15.37 and a beta of 1.28. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. The company’s 50 day simple moving average is $146.10 and its 200 day simple moving average is $134.40.

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

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s payout ratio is 30.31%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Robert W. Baird raised 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. Finally, JPMorgan Chase & Co. cut their price target on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $140.57.

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.