Ryder System, Inc. (NYSE:R) Shares Bought by LSV Asset Management

LSV Asset Management grew its holdings in Ryder System, Inc. (NYSE:R) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,629,618 shares of the transportation company’s stock after purchasing an additional 59,156 shares during the quarter. LSV Asset Management owned 3.68% of Ryder System worth $187,504,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. M&T Bank Corp boosted its position in shares of Ryder System by 7.2% in the 4th quarter. M&T Bank Corp now owns 2,502 shares of the transportation company’s stock valued at $288,000 after purchasing an additional 167 shares during the period. Amalgamated Bank boosted its stake in shares of Ryder System by 12.7% during the fourth quarter. Amalgamated Bank now owns 33,896 shares of the transportation company’s stock worth $3,900,000 after buying an additional 3,816 shares during the period. Summit Global Investments purchased a new position in shares of Ryder System during the fourth quarter worth about $208,000. Natixis Advisors L.P. increased its position in Ryder System by 16.0% in the 4th quarter. Natixis Advisors L.P. now owns 60,772 shares of the transportation company’s stock valued at $6,992,000 after acquiring an additional 8,391 shares during the period. Finally, SummerHaven Investment Management LLC grew its stake in shares of Ryder System by 1.2% in the 4th quarter. SummerHaven Investment Management LLC now owns 8,528 shares of the transportation company’s stock valued at $981,000 after purchasing an additional 98 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wells Fargo & Company increased their price target on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. lifted their price target on Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Stephens increased their price objective on shares of Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 24th. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group upped their price target on shares of Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $126.83.

Insiders Place Their Bets

In related news, insider Thomas M. Havens sold 8,000 shares of Ryder System stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $119.40, for a total transaction of $955,200.00. Following the transaction, the insider now directly owns 24,401 shares of the company’s stock, valued at $2,913,479.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director E Follin Smith sold 3,671 shares of Ryder System stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $119.16, for a total value of $437,436.36. Following the transaction, the director now owns 38,413 shares of the company’s stock, valued at approximately $4,577,293.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas M. Havens sold 8,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $119.40, for a total value of $955,200.00. Following the sale, the insider now owns 24,401 shares in the company, valued at approximately $2,913,479.40. The disclosure for this sale can be found here. Insiders sold 19,408 shares of company stock worth $2,270,631 over the last ninety days. Company insiders own 5.10% of the company’s stock.

Ryder System Stock Performance

Shares of Ryder System stock traded down $0.05 on Friday, reaching $124.66. 179,024 shares of the company were exchanged, compared to its average volume of 289,915. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 16.22 and a beta of 1.38. Ryder System, Inc. has a 1-year low of $77.60 and a 1-year high of $127.21. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.82 and a current ratio of 0.82. The company’s 50-day moving average is $116.30 and its two-hundred day moving average is $111.57.

Ryder System (NYSE:R) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.43. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.06 billion. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. Ryder System’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.81 EPS. As a group, research analysts expect that Ryder System, Inc. will post 11.98 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Monday, May 20th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.28%. Ryder System’s dividend payout ratio (DPR) is 36.98%.

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.