DekaBank Deutsche Girozentrale Acquires 1,493 Shares of Ryder System, Inc. (NYSE:R)

DekaBank Deutsche Girozentrale lifted its holdings in Ryder System, Inc. (NYSE:RGet Rating) by 56.7% in the second quarter, HoldingsChannel.com reports. The fund owned 4,125 shares of the transportation company’s stock after buying an additional 1,493 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Ryder System were worth $285,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Connable Office Inc. boosted its stake in shares of Ryder System by 2.5% in the second quarter. Connable Office Inc. now owns 5,235 shares of the transportation company’s stock worth $372,000 after acquiring an additional 130 shares during the period. Xponance Inc. lifted its position in shares of Ryder System by 2.5% in the second quarter. Xponance Inc. now owns 6,016 shares of the transportation company’s stock worth $427,000 after buying an additional 146 shares in the last quarter. Eqis Capital Management Inc. lifted its position in shares of Ryder System by 3.2% in the first quarter. Eqis Capital Management Inc. now owns 4,854 shares of the transportation company’s stock worth $385,000 after buying an additional 150 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Ryder System by 3.1% in the first quarter. Valeo Financial Advisors LLC now owns 5,791 shares of the transportation company’s stock worth $459,000 after buying an additional 176 shares in the last quarter. Finally, Burney Co. lifted its position in shares of Ryder System by 4.7% in the first quarter. Burney Co. now owns 5,207 shares of the transportation company’s stock worth $413,000 after buying an additional 235 shares in the last quarter. Institutional investors own 87.88% of the company’s stock.

Insider Transactions at Ryder System

In other news, CFO John J. Diez sold 2,573 shares of the stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $80.78, for a total value of $207,846.94. Following the sale, the chief financial officer now directly owns 69,757 shares in the company, valued at $5,634,970.46. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CMO Karen M. Jones sold 11,666 shares of the stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $82.08, for a total value of $957,545.28. Following the transaction, the chief marketing officer now owns 6,963 shares of the company’s stock, valued at $571,523.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO John J. Diez sold 2,573 shares of the stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $80.78, for a total value of $207,846.94. Following the completion of the transaction, the chief financial officer now directly owns 69,757 shares in the company, valued at approximately $5,634,970.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 120,372 shares of company stock worth $9,746,884. 3.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on R. Stephens boosted their target price on Ryder System from $86.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 27th. StockNews.com downgraded Ryder System from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 20th. Finally, Robert W. Baird upped their price objective on Ryder System to $87.00 in a research report on Thursday, October 27th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $84.00.

Ryder System Trading Up 0.6 %

Shares of R stock opened at $80.65 on Friday. Ryder System, Inc. has a 1 year low of $61.71 and a 1 year high of $89.37. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.73 and a quick ratio of 0.71. The stock’s 50 day simple moving average is $76.73 and its two-hundred day simple moving average is $75.98. The company has a market cap of $4.05 billion, a PE ratio of 4.97 and a beta of 1.57.

Ryder System (NYSE:RGet Rating) last issued its quarterly earnings data on Wednesday, October 26th. The transportation company reported $4.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.75. Ryder System had a return on equity of 29.45% and a net margin of 7.31%. The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the prior year, the business posted $2.55 earnings per share. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. Research analysts predict that Ryder System, Inc. will post 16.05 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Monday, November 21st will be issued a $0.62 dividend. The ex-dividend date is Friday, November 18th. This represents a $2.48 annualized dividend and a dividend yield of 3.08%. Ryder System’s payout ratio is 15.29%.

Ryder System Company Profile

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Ryder System, Inc operates as a logistics and transportation company worldwide. The company 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, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.

See Also

Want to see what other hedge funds are holding R? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryder System, Inc. (NYSE:RGet Rating).

Institutional Ownership by Quarter for Ryder System (NYSE:R)

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