Ryder System, Inc. $R Stock Position Lifted by Vise Technologies Inc.

Vise Technologies Inc. lifted its holdings in shares of Ryder System, Inc. (NYSE:R) by 66.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 9,463 shares of the transportation company’s stock after purchasing an additional 3,770 shares during the period. Vise Technologies Inc.’s holdings in Ryder System were worth $2,156,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Keating Financial Advisory Services Inc. acquired a new stake in shares of Ryder System in the 2nd quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Ryder System during the 2nd quarter valued at about $30,000. Cedar Mountain Advisors LLC boosted its stake in Ryder System by 522.7% during the 1st quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 115 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Ryder System by 36.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 43 shares during the last quarter. Finally, Compass Financial Management LLC bought a new stake in Ryder System during the 2nd quarter worth approximately $54,000. 87.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on R shares. Wall Street Zen raised Ryder System from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 12th. JPMorgan Chase & Co. lifted their target price on Ryder System from $298.00 to $315.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a research report on Monday, August 24th. Morgan Stanley upgraded Ryder System from an “overweight” rating to a “buy” rating in a report on Monday, October 5th. Finally, Robert W. Baird lowered Ryder System from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $290.00 to $245.00 in a research report on Tuesday, September 29th. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $296.67.

Insider Transactions at Ryder System

In other news, insider Thomas M. Havens sold 5,500 shares of the company’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $283.13, for a total transaction of $1,557,215.00. Following the transaction, the insider owned 27,574 shares of the company’s stock, valued at $7,807,026.62. This represents a 16.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Cristina Gallo-Aquino sold 1,238 shares of the stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $276.85, for a total value of $342,740.30. Following the transaction, the chief financial officer owned 29,026 shares of the company’s stock, valued at $8,035,848.10. The trade was a 4.09% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 44,384 shares of company stock valued at $12,522,852. Corporate insiders own 4.90% of the company’s stock.

Ryder System Stock Down 5.0%

Ryder System stock opened at $269.01 on Friday. The firm has a 50 day moving average price of $247.61 and a 200-day moving average price of $238.94. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.86. Ryder System, Inc. has a twelve month low of $161.41 and a twelve month high of $291.02. The company has a market capitalization of $10.28 billion, a P/E ratio of 20.50 and a beta of 1.04.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, October 22nd. The transportation company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.15 by $0.18. Ryder System had a net margin of 3.98% and a return on equity of 19.14%. The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the previous year, the firm posted $3.57 EPS. Ryder System’s revenue was up 8.3% on a year-over-year basis. As a group, equities analysts predict that Ryder System, Inc. will post 15.07 EPS for the current year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Monday, November 23rd will be given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, November 23rd. Ryder System’s dividend payout ratio (DPR) is currently 30.79%.

Ryder System Profile

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain and dedicated transportation services. Founded in 1933 by James Ryder and headquartered in Miami, Florida, the company serves businesses that rely on commercial vehicles, transportation networks and logistics infrastructure.

Through its Fleet Management Solutions business, Ryder offers full-service leasing, commercial vehicle rental, maintenance, fleet support and related services for trucks, tractors, trailers and other vehicles.