Ryder System, Inc. (NYSE:R) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its holdings in Ryder System, Inc. (NYSE:R) by 83.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,260 shares of the transportation company’s stock after buying an additional 4,200 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ryder System were worth $1,350,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of R. James Investment Research Inc. purchased a new stake in Ryder System during the third quarter worth approximately $1,367,000. US Bancorp DE lifted its stake in shares of Ryder System by 40.6% during the third quarter. US Bancorp DE now owns 5,719 shares of the transportation company’s stock worth $834,000 after purchasing an additional 1,652 shares in the last quarter. Custom Index Systems LLC lifted its position in Ryder System by 78.4% during the 3rd quarter. Custom Index Systems LLC now owns 4,372 shares of the transportation company’s stock worth $637,000 after acquiring an additional 1,922 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Ryder System by 5.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,028 shares of the transportation company’s stock worth $733,000 after acquiring an additional 240 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Ryder System by 5.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 6,989 shares of the transportation company’s stock worth $1,014,000 after purchasing an additional 337 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Trading Down 1.3 %

Shares of R opened at $165.66 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. The stock has a market cap of $7.01 billion, a PE ratio of 15.50 and a beta of 1.28. Ryder System, Inc. has a 1 year low of $104.44 and a 1 year high of $170.20. The stock has a 50 day simple moving average of $147.28 and a 200-day simple moving average of $134.85.

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

Ryder System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s dividend payout ratio is presently 30.31%.

Insider Transactions at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total value of $629,760.00. Following the transaction, the insider now owns 20,504 shares of the company’s stock, valued at approximately $3,228,149.76. This trade represents a 16.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on R shares. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Robert W. Baird upped their target price on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. lowered their price objective 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 assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.57.

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.