Signaturefd LLC Has $74,000 Holdings in Ryder System, Inc. (NYSE:R)

Signaturefd LLC trimmed its position in shares of Ryder System, Inc. (NYSE:R) by 14.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 598 shares of the transportation company’s stock after selling 100 shares during the period. Signaturefd LLC’s holdings in Ryder System were worth $74,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Truist Financial Corp increased its stake in shares of Ryder System by 2.9% in the 4th quarter. Truist Financial Corp now owns 14,725 shares of the transportation company’s stock valued at $1,694,000 after purchasing an additional 417 shares during the last quarter. Russell Investments Group Ltd. increased its position in Ryder System by 17.7% during the 4th quarter. Russell Investments Group Ltd. now owns 41,434 shares of the transportation company’s stock worth $4,768,000 after purchasing an additional 6,243 shares in the last quarter. Natixis Advisors L.P. lifted its stake in Ryder System by 16.0% in the 4th quarter. Natixis Advisors L.P. now owns 60,772 shares of the transportation company’s stock valued at $6,992,000 after purchasing an additional 8,391 shares during the last quarter. Amalgamated Bank boosted its position in Ryder System by 12.7% in the fourth quarter. Amalgamated Bank now owns 33,896 shares of the transportation company’s stock valued at $3,900,000 after buying an additional 3,816 shares in the last quarter. Finally, M&T Bank Corp grew its stake in shares of Ryder System by 7.2% during the fourth quarter. M&T Bank Corp now owns 2,502 shares of the transportation company’s stock worth $288,000 after buying an additional 167 shares during the last quarter. 87.47% of the stock is owned by institutional investors.

Ryder System Stock Performance

Shares of R stock opened at $138.68 on Thursday. The stock has a market capitalization of $6.08 billion, a PE ratio of 18.06 and a beta of 1.28. The business’s 50 day simple moving average is $132.95 and its 200 day simple moving average is $123.56. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.74 and a quick ratio of 0.74. Ryder System, Inc. has a one year low of $91.31 and a one year high of $145.61.

Ryder System (NYSE:R) last posted its quarterly earnings data on Thursday, July 25th. The transportation company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.13. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the prior year, the company posted $3.61 earnings per share. Ryder System’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, research analysts forecast that Ryder System, Inc. will post 12.19 earnings per share for the current year.

Ryder System Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Monday, August 19th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.34%. This is an increase from Ryder System’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Monday, August 19th. Ryder System’s payout ratio is currently 42.19%.

Analyst Ratings Changes

R has been the subject of a number of research reports. StockNews.com cut Ryder System from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. dropped their target price on Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Morgan Stanley began coverage on Ryder System in a report on Monday, June 24th. They set an “overweight” rating and a $165.00 price target on the stock. Stephens started coverage on shares of Ryder System in a report on Monday, July 8th. They issued an “equal weight” rating for the company. Finally, Robert W. Baird boosted their target price on shares of Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $137.86.

Insider Activity at Ryder System

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the transaction, the executive vice president now directly owns 47,779 shares in the company, valued at approximately $6,656,570.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is owned by corporate insiders.

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.