Axxcess Wealth Management LLC Takes $417,000 Position in Ryder System, Inc. (NYSE:R)

Axxcess Wealth Management LLC bought a new position in shares of Ryder System, Inc. (NYSE:R) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 3,625 shares of the transportation company’s stock, valued at approximately $417,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of R. Headlands Technologies LLC acquired a new position in shares of Ryder System in the 3rd quarter worth $26,000. Contravisory Investment Management Inc. acquired a new position in shares of Ryder System in the fourth quarter worth about $26,000. GAMMA Investing LLC acquired a new stake in shares of Ryder System during the fourth quarter valued at approximately $45,000. Quent Capital LLC boosted its stake in Ryder System by 17.7% in the 4th quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock worth $86,000 after purchasing an additional 112 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its stake in Ryder System by 110.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,789 shares of the transportation company’s stock valued at $191,000 after purchasing an additional 939 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Stock Performance

NYSE:R opened at $125.50 on Thursday. The firm has a market capitalization of $5.50 billion, a PE ratio of 16.34 and a beta of 1.38. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.22. Ryder System, Inc. has a 1 year low of $77.60 and a 1 year high of $127.21. The firm’s fifty day simple moving average is $117.06 and its 200 day simple moving average is $112.13.

Ryder System (NYSE:R) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.43. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period last year, the business posted $2.81 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Ryder System, Inc. will post 11.98 EPS for the current year.

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Monday, May 20th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, May 17th. Ryder System’s payout ratio is 36.98%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on R. Wells Fargo & Company lifted their price target on Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. boosted their price objective on shares of Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. StockNews.com upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Stephens boosted their target price on Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Finally, Vertical Research cut Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a research note on Wednesday, January 10th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $126.83.

Insider Buying and Selling at Ryder System

In related news, insider Thomas M. Havens sold 8,000 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $119.40, for a total transaction of $955,200.00. Following the completion of the sale, the insider now owns 24,401 shares in the company, valued at approximately $2,913,479.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Thomas M. Havens sold 8,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $119.40, for a total transaction of $955,200.00. Following the completion of the sale, the insider now directly owns 24,401 shares of the company’s stock, valued at approximately $2,913,479.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Sanford J. Hodes sold 3,360 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $125.59, for a total value of $421,982.40. Following the completion of the transaction, the senior vice president now directly owns 24,119 shares in the company, valued at approximately $3,029,105.21. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,211 shares of company stock valued at $2,873,869. 5.10% of the stock is currently owned by corporate insiders.

About Ryder System

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.