Cetera Investment Advisers Raises Holdings in Ryder System, Inc. (NYSE:R)

Cetera Investment Advisers increased its position in shares of Ryder System, Inc. (NYSE:R) by 6.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 17,288 shares of the transportation company’s stock after purchasing an additional 997 shares during the period. Cetera Investment Advisers’ holdings in Ryder System were worth $2,142,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Truist Financial Corp increased its holdings in Ryder System by 0.6% during the second quarter. Truist Financial Corp now owns 14,303 shares of the transportation company’s stock valued at $1,772,000 after buying an additional 90 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Ryder System in the 2nd quarter valued at $458,000. Invst LLC raised its position in shares of Ryder System by 4.2% in the 2nd quarter. Invst LLC now owns 8,300 shares of the transportation company’s stock worth $1,018,000 after acquiring an additional 338 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Ryder System by 25.0% during the 2nd quarter. NewEdge Advisors LLC now owns 19,754 shares of the transportation company’s stock worth $2,447,000 after purchasing an additional 3,956 shares during the last quarter. Finally, Creative Planning boosted its position in Ryder System by 139.4% during the second quarter. Creative Planning now owns 23,912 shares of the transportation company’s stock valued at $2,962,000 after purchasing an additional 13,923 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors.

Insider Transactions 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 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.10% of the company’s stock.

Ryder System Stock Up 2.8 %

Ryder System stock opened at $150.72 on Monday. The business’s 50-day simple moving average is $140.31 and its two-hundred day simple moving average is $129.17. 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 market cap of $6.61 billion, a PE ratio of 19.63 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 issued its quarterly earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.13. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.24 billion. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. Ryder System’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.61 EPS. Equities analysts anticipate that Ryder System, Inc. will post 12.2 EPS for the current year.

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders 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 dividend payout ratio (DPR) is presently 42.19%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Robert W. Baird increased their target price on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Stephens started coverage on shares of Ryder System in a report on Monday, July 8th. They issued an “equal weight” rating on the stock. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Finally, Morgan Stanley assumed coverage on Ryder System in a research note on Monday, June 24th. They set an “overweight” rating and a $165.00 target price on the stock. Four equities 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, the company currently has a consensus rating of “Moderate Buy” and an average 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.