SG Americas Securities LLC Grows Stock Holdings in Ryder System, Inc. (NYSE:R)

SG Americas Securities LLC grew its stake in shares of Ryder System, Inc. (NYSE:R) by 67.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,166 shares of the transportation company’s stock after buying an additional 1,676 shares during the period. SG Americas Securities LLC’s holdings in Ryder System were worth $607,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. EntryPoint Capital LLC acquired a new position in Ryder System in the 1st quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in Ryder System during the second quarter worth about $29,000. Ashton Thomas Private Wealth LLC acquired a new stake in Ryder System during the second quarter worth about $51,000. Creekmur Asset Management LLC acquired a new stake in Ryder System during the fourth quarter worth about $68,000. Finally, GAMMA Investing LLC raised its stake in Ryder System by 44.0% during the second quarter. GAMMA Investing LLC now owns 589 shares of the transportation company’s stock worth $73,000 after acquiring an additional 180 shares during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

R has been the topic of several research reports. Morgan Stanley started coverage on shares of Ryder System in a research note on Monday, June 24th. They set an “overweight” rating and a $165.00 price objective on the stock. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Stephens started coverage on shares of Ryder System in a research note on Monday, July 8th. They issued an “equal weight” rating on the stock. JPMorgan Chase & Co. dropped their price target on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Finally, Robert W. Baird raised their price target on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Ryder System currently has an average rating of “Moderate Buy” and a consensus target price of $137.86.

Ryder System Trading Up 0.6 %

Shares of NYSE:R opened at $151.57 on Tuesday. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 19.74 and a beta of 1.28. Ryder System, Inc. has a 1-year low of $91.31 and a 1-year high of $152.09. 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 company has a 50 day moving average price of $140.75 and a 200 day moving average price of $129.39.

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 analysts’ consensus estimates of $2.87 by $0.13. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $3.61 earnings per share. On average, research analysts anticipate that Ryder System, Inc. will post 12.2 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s dividend payout ratio is 42.19%.

Insider Buying and Selling

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $139.32, for a total value of $1,773,543.60. Following the completion of the transaction, the executive vice president now owns 47,779 shares of the company’s stock, valued at approximately $6,656,570.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.10% of the company’s stock.

Ryder System Company 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.