Caprock Group LLC Acquires New Holdings in Ryder System, Inc. (NYSE:R)

Caprock Group LLC bought a new stake in Ryder System, Inc. (NYSE:R) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,442 shares of the transportation company’s stock, valued at approximately $210,000.

Several other large investors also recently added to or reduced their stakes in the business. EntryPoint Capital LLC acquired a new stake in Ryder System in the 1st quarter worth approximately $25,000. Wolff Wiese Magana LLC bought a new position in shares of Ryder System in the third quarter valued at approximately $28,000. Altshuler Shaham Ltd acquired a new stake in shares of Ryder System in the second quarter worth $29,000. UMB Bank n.a. boosted its holdings in shares of Ryder System by 43.2% during the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after buying an additional 80 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in Ryder System in the 2nd quarter worth $51,000. 87.47% of the stock is owned by institutional investors.

Ryder System Stock Performance

R stock opened at $165.67 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. Ryder System, Inc. has a twelve month low of $105.09 and a twelve month high of $170.20. The business’s fifty day moving average is $150.57 and its 200-day moving average is $136.58. The company has a market cap of $7.01 billion, a P/E ratio of 15.50 and a beta of 1.28.

Ryder System (NYSE:R) last posted its earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, topping the consensus estimate of $3.39 by $0.05. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period last year, the business posted $3.58 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities research analysts forecast that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.96%. Ryder System’s dividend payout ratio (DPR) is 30.31%.

Analyst Ratings Changes

R has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, October 25th. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $140.57.

Insider Buying and Selling

In other news, insider Thomas M. Havens sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total transaction of $629,760.00. Following the sale, the insider now owns 20,504 shares in the company, valued at $3,228,149.76. This represents a 16.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 5.10% of the stock is owned by corporate insiders.

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.