Ryder System, Inc. (NYSE:R) Shares Sold by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC lowered its stake in Ryder System, Inc. (NYSE:R) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,936 shares of the transportation company’s stock after selling 116 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Ryder System were worth $1,011,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in R. Vanguard Group Inc. grew its holdings in Ryder System by 2.1% during the first quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation company’s stock worth $627,800,000 after acquiring an additional 109,930 shares during the period. Millennium Management LLC grew its holdings in Ryder System by 1,915.0% during the second quarter. Millennium Management LLC now owns 103,935 shares of the transportation company’s stock worth $12,875,000 after acquiring an additional 98,777 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in Ryder System by 242.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 92,666 shares of the transportation company’s stock worth $11,138,000 after acquiring an additional 65,609 shares during the period. Earnest Partners LLC increased its stake in Ryder System by 3.4% in the 2nd quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company’s stock worth $237,298,000 after purchasing an additional 62,815 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Ryder System by 13.5% in the 2nd quarter. Victory Capital Management Inc. now owns 460,134 shares of the transportation company’s stock worth $57,001,000 after purchasing an additional 54,605 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Stephens assumed coverage on Ryder System in a research note on Monday, July 8th. They issued an “equal weight” rating on the stock. Robert W. Baird lifted their target price on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. lowered their target price on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.57.

Ryder System Stock Up 2.6 %

Shares of Ryder System stock opened at $148.86 on Thursday. The stock has a 50-day simple moving average of $143.45 and a 200-day simple moving average of $131.65. Ryder System, Inc. has a 52-week low of $95.02 and a 52-week high of $154.76. 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 firm has a market cap of $6.52 billion, a price-to-earnings ratio of 19.38 and a beta of 1.28.

Ryder System (NYSE:R) last posted its earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, topping the consensus estimate of $3.39 by $0.05. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.58 EPS. On average, equities research analysts expect that Ryder System, Inc. will post 12.06 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s dividend payout ratio is currently 42.19%.

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.