Raymond James Financial Services Advisors Inc. Purchases 231 Shares of Ryder System, Inc. (NYSE:R)

Raymond James Financial Services Advisors Inc. lifted its position in Ryder System, Inc. (NYSE:R) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,260 shares of the transportation company’s stock after acquiring an additional 231 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Ryder System were worth $490,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in R. Headlands Technologies LLC bought a new position in Ryder System during the third quarter valued at about $26,000. Contravisory Investment Management Inc. bought a new position in Ryder System during the fourth quarter valued at about $26,000. Fortis Capital Advisors LLC grew its position in Ryder System by 2,716.7% during the first quarter. Fortis Capital Advisors LLC now owns 338 shares of the transportation company’s stock valued at $30,000 after buying an additional 326 shares during the period. CWM LLC lifted its holdings in Ryder System by 33.9% during the third quarter. CWM LLC now owns 438 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 111 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in Ryder System by 406.0% during the third quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 406 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

Ryder System Stock Up 1.4 %

R stock opened at $108.71 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.80. The company’s 50 day moving average is $114.39 and its 200 day moving average is $110.25. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 12.45 and a beta of 1.40. Ryder System, Inc. has a 1-year low of $76.15 and a 1-year high of $121.58.

Ryder System (NYSE:R) last posted its quarterly earnings data on Wednesday, February 14th. The transportation company reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.20. The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Ryder System had a net margin of 3.45% and a return on equity of 19.68%. Ryder System’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.89 earnings per share. Sell-side analysts predict that Ryder System, Inc. will post 11.9 EPS for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Friday, February 16th. Ryder System’s dividend payout ratio (DPR) is presently 32.53%.

Insiders Place Their Bets

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of Ryder System stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total transaction of $877,994.76. Following the transaction, the chief marketing officer now directly owns 12,396 shares of the company’s stock, valued at $1,406,698.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on R. JPMorgan Chase & Co. upped their price objective on shares of Ryder System from $117.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Robert W. Baird reissued a “buy” rating and issued a $140.00 price target on shares of Ryder System in a report on Wednesday, January 3rd. StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Stephens increased their price target on shares of Ryder System from $110.00 to $113.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Finally, Vertical Research downgraded shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a report on Wednesday, January 10th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Ryder System presently has a consensus rating of “Hold” and an average price target of $120.00.

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.