Truist Financial Corp Has $1.77 Million Position in Ryder System, Inc. (NYSE:R)

Truist Financial Corp grew its stake in Ryder System, Inc. (NYSE:R) by 0.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 14,303 shares of the transportation company’s stock after buying an additional 90 shares during the period. Truist Financial Corp’s holdings in Ryder System were worth $1,772,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Ryder System by 2.1% in the first quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation company’s stock valued at $627,800,000 after buying an additional 109,930 shares during the period. Wellington Management Group LLP lifted its stake in shares of Ryder System by 34.9% in the 4th quarter. Wellington Management Group LLP now owns 3,442,545 shares of the transportation company’s stock valued at $396,099,000 after purchasing an additional 890,986 shares during the period. Earnest Partners LLC boosted its position in shares of Ryder System by 3.4% during the 2nd quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company’s stock valued at $237,298,000 after purchasing an additional 62,815 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Ryder System by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company’s stock worth $213,345,000 after purchasing an additional 31,550 shares during the period. Finally, American Century Companies Inc. increased its holdings in Ryder System by 1.9% in the second quarter. American Century Companies Inc. now owns 890,877 shares of the transportation company’s stock worth $110,362,000 after purchasing an additional 17,009 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors.

Insider Activity at Ryder System

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of Ryder System stock in a transaction 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 sale, the executive vice president now directly owns 47,779 shares in the company, valued at approximately $6,656,570.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.10% of the stock is owned by insiders.

Ryder System Price Performance

Shares of NYSE R opened at $150.72 on Friday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.74 and a current ratio of 0.74. The firm’s 50-day simple moving average is $140.31 and its 200 day simple moving average is $129.00. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 13.80 and a beta of 1.28. Ryder System, Inc. has a fifty-two week low of $91.31 and a fifty-two week high of $150.95.

Ryder System (NYSE:R) last announced its earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.13. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.24 billion. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. Ryder System’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.61 earnings per share. As a group, research analysts anticipate that Ryder System, Inc. will post 12.2 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.15%. Ryder System’s dividend payout ratio is currently 29.67%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on R. JPMorgan Chase & Co. reduced their price objective on shares of 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 started coverage on shares of Ryder System in a report on Monday, June 24th. They issued an “overweight” rating and a $165.00 price target for the company. Vertical Research upgraded shares of Ryder System from a “hold” rating to a “buy” rating and upped their price objective for the company from $125.00 to $145.00 in a report on Friday, June 14th. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Finally, Stephens assumed coverage on Ryder System in a research note on Monday, July 8th. They set an “equal weight” rating on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $137.86.

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.