Sanctuary Advisors LLC Acquires New Shares in Ryder System, Inc. (NYSE:R)

Sanctuary Advisors LLC bought a new position in shares of Ryder System, Inc. (NYSE:R) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,695 shares of the transportation company’s stock, valued at approximately $938,000.

A number of other large investors have also recently made changes to their positions in R. Janus Henderson Group PLC grew its stake in Ryder System by 116.5% during the first quarter. Janus Henderson Group PLC now owns 47,459 shares of the transportation company’s stock valued at $5,704,000 after acquiring an additional 25,533 shares in the last quarter. Caxton Associates LP raised its position in shares of Ryder System by 206.9% in the first quarter. Caxton Associates LP now owns 8,319 shares of the transportation company’s stock worth $1,000,000 after buying an additional 5,608 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Ryder System by 41.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 49,303 shares of the transportation company’s stock valued at $5,926,000 after buying an additional 14,360 shares during the period. Bayesian Capital Management LP purchased a new position in Ryder System during the first quarter worth about $463,000. Finally, Sei Investments Co. increased its stake in Ryder System by 7.0% in the 1st quarter. Sei Investments Co. now owns 809,590 shares of the transportation company’s stock worth $97,301,000 after acquiring an additional 53,288 shares during the last quarter. 87.47% of the stock is owned by institutional investors.

Insider Activity

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 value of $1,773,543.60. Following the completion of the sale, the executive vice president now owns 47,779 shares in the company, valued at approximately $6,656,570.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Morgan Stanley assumed coverage on shares of Ryder System in a report on Monday, June 24th. They issued an “overweight” rating and a $165.00 price target on the stock. Robert W. Baird lifted their price objective 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. Stephens started coverage on Ryder System in a research note on Monday, July 8th. They issued an “equal weight” rating on the stock. Finally, JPMorgan Chase & Co. cut their price objective on Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.86.

Ryder System Stock Up 2.8 %

Shares of NYSE:R opened at $150.72 on Friday. The stock has a market capitalization of $6.52 billion, a P/E ratio of 13.80 and a beta of 1.28. The stock’s 50-day moving average price is $140.31 and its 200-day moving average price is $129.09. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.09. Ryder System, Inc. has a 12-month low of $91.31 and a 12-month high of $150.95.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) 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%. Ryder System’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the company earned $3.61 EPS. On average, equities analysts anticipate that Ryder System, Inc. will post 12.2 earnings per share for the current year.

Ryder System Announces Dividend

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

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.