MML Investors Services LLC Has $303,000 Stock Holdings in Ryder System, Inc. (NYSE:R)

MML Investors Services LLC raised its holdings in Ryder System, Inc. (NYSE:R) by 4.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,078 shares of the transportation company’s stock after buying an additional 94 shares during the period. MML Investors Services LLC’s holdings in Ryder System were worth $303,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC lifted its stake in shares of Ryder System by 376.5% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company’s stock worth $1,405,000 after buying an additional 7,715 shares during the last quarter. Stifel Financial Corp lifted its position in Ryder System by 4.5% during the third quarter. Stifel Financial Corp now owns 28,552 shares of the transportation company’s stock worth $4,163,000 after acquiring an additional 1,219 shares during the last quarter. Systematic Financial Management LP acquired a new position in shares of Ryder System in the third quarter valued at approximately $280,000. Quantinno Capital Management LP increased its stake in shares of Ryder System by 0.6% during the third quarter. Quantinno Capital Management LP now owns 46,674 shares of the transportation company’s stock worth $6,805,000 after purchasing an additional 288 shares during the period. Finally, Millburn Ridgefield Corp acquired a new stake in Ryder System during the 3rd quarter worth approximately $173,000. 87.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of Ryder System 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 sale, the insider now directly owns 20,504 shares of the company’s stock, valued at approximately $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on R. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group lifted their price objective on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reduced their target price on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $147.43.

Ryder System Trading Up 0.8 %

Shares of NYSE R opened at $158.06 on Thursday. The firm has a 50 day moving average price of $158.59 and a two-hundred day moving average price of $143.05. The stock has a market cap of $6.68 billion, a P/E ratio of 14.79 and a beta of 1.30. Ryder System, Inc. has a 52-week low of $106.62 and a 52-week high of $171.78. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, beating 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 company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the prior year, the firm posted $3.58 earnings per share. The business’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, equities analysts forecast that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, November 18th were given a dividend of $0.81 per share. The ex-dividend date was Monday, November 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.05%. Ryder System’s payout ratio is 30.31%.

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.