XTX Topco Ltd Invests $968,000 in Ryder System, Inc. (NYSE:R)

XTX Topco Ltd purchased a new position in Ryder System, Inc. (NYSE:R) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,810 shares of the transportation company’s stock, valued at approximately $968,000.

A number of other institutional investors and hedge funds have also modified their holdings of R. Norges Bank acquired a new stake in shares of Ryder System in the 4th quarter worth approximately $86,647,000. Franklin Resources Inc. grew its holdings in shares of Ryder System by 1.3% in the 4th quarter. Franklin Resources Inc. now owns 107,710 shares of the transportation company’s stock worth $12,393,000 after acquiring an additional 1,416 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in shares of Ryder System by 17.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,103 shares of the transportation company’s stock worth $242,000 after acquiring an additional 314 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Ryder System by 449.3% in the 4th quarter. Hsbc Holdings PLC now owns 62,785 shares of the transportation company’s stock worth $7,199,000 after acquiring an additional 51,356 shares during the period. Finally, Hilltop Holdings Inc. grew its holdings in shares of Ryder System by 5.6% in the 4th quarter. Hilltop Holdings Inc. now owns 7,095 shares of the transportation company’s stock worth $816,000 after acquiring an additional 379 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Price Performance

R stock opened at $146.00 on Friday. Ryder System, Inc. has a 52-week low of $91.31 and a 52-week high of $148.10. The stock’s fifty day simple moving average is $136.70 and its 200-day simple moving average is $125.77. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 19.01 and a beta of 1.28.

Ryder System (NYSE:R) last issued its earnings results 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. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.24 billion. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the company posted $3.61 EPS. Equities research analysts expect that Ryder System, Inc. will post 12.19 EPS for the current year.

Ryder System Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Monday, August 19th were given a $0.81 dividend. This is a positive change from Ryder System’s previous quarterly dividend of $0.71. This represents a $3.24 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Monday, August 19th. Ryder System’s dividend payout ratio (DPR) is 42.19%.

Insider Buying and Selling

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $139.32, for a total value of $1,773,543.60. Following the transaction, the executive vice president now directly owns 47,779 shares of the company’s stock, valued at $6,656,570.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on R shares. Stephens started coverage on Ryder System in a report on Monday, July 8th. They set an “equal weight” rating on the stock. Robert W. Baird increased their target price on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Morgan Stanley started coverage on Ryder System in a report on Monday, June 24th. They set an “overweight” rating and a $165.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on Ryder System from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Finally, Vertical Research upgraded Ryder System from a “hold” rating to a “buy” rating and increased their target price for the company from $125.00 to $145.00 in a report on Friday, June 14th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Ryder System currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.86.

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.