AE Wealth Management LLC Has $8.18 Million Stock Position in Ryder System, Inc. (NYSE:R)

AE Wealth Management LLC lifted its stake in shares of Ryder System, Inc. (NYSE:R) by 38.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,025 shares of the transportation company’s stock after buying an additional 18,239 shares during the period. AE Wealth Management LLC’s holdings in Ryder System were worth $8,179,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in Ryder System by 34.9% during the 4th quarter. Wellington Management Group LLP now owns 3,442,545 shares of the transportation company’s stock worth $396,099,000 after acquiring an additional 890,986 shares during the last quarter. Norges Bank bought a new stake in shares of Ryder System in the fourth quarter worth $86,647,000. Sei Investments Co. increased its holdings in Ryder System by 29.1% in the fourth quarter. Sei Investments Co. now owns 756,302 shares of the transportation company’s stock valued at $87,024,000 after purchasing an additional 170,650 shares during the period. Vanguard Group Inc. raised its position in Ryder System by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation company’s stock worth $627,800,000 after purchasing an additional 109,930 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Ryder System by 242.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 92,666 shares of the transportation company’s stock worth $11,138,000 after buying an additional 65,609 shares during the period. 87.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on R shares. Vertical Research raised Ryder System from a “hold” rating to a “buy” rating and increased their price target for the company from $125.00 to $145.00 in a research note on Friday, June 14th. Morgan Stanley began coverage on shares of Ryder System in a report on Monday, June 24th. They set an “overweight” rating and a $165.00 price target for the company. Robert W. Baird upped their price objective 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. Stephens began coverage on shares of Ryder System in a research note on Monday, July 8th. They set an “equal weight” rating for the company. Finally, JPMorgan Chase & Co. cut 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 report on Tuesday, July 9th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Insider Buying and Selling at Ryder System

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 47,779 shares in the company, valued at approximately $6,656,570.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.10% of the stock is currently owned by company insiders.

Ryder System Trading Down 1.3 %

NYSE:R opened at $146.00 on Friday. The firm has a fifty day simple moving average of $136.70 and a two-hundred day simple moving average of $125.77. Ryder System, Inc. has a 12 month low of $91.31 and a 12 month high of $148.10. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 19.01 and a beta of 1.28. 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 (NYSE:R) last issued its earnings results on Thursday, July 25th. The transportation company reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period in the previous year, the company posted $3.61 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. Analysts expect that Ryder System, Inc. will post 12.19 EPS for the current fiscal 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 issued a $0.81 dividend. This is a boost from Ryder System’s previous quarterly dividend of $0.71. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Monday, August 19th. Ryder System’s dividend payout ratio (DPR) is currently 42.19%.

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.