1,425 Shares in Ryder System, Inc. (NYSE:R) Bought by DGS Capital Management LLC

DGS Capital Management LLC purchased a new stake in shares of Ryder System, Inc. (NYSE:R) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,425 shares of the transportation company’s stock, valued at approximately $208,000.

Several other institutional investors have also recently bought and sold shares of R. Franklin Resources Inc. raised its stake in shares of Ryder System by 14.3% in the third quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company’s stock worth $20,724,000 after purchasing an additional 17,074 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Ryder System during the third quarter valued at approximately $34,000. Sanctuary Advisors LLC grew its holdings in Ryder System by 1.7% during the third quarter. Sanctuary Advisors LLC now owns 7,826 shares of the transportation company’s stock worth $1,141,000 after buying an additional 131 shares in the last quarter. TD Private Client Wealth LLC raised its position in Ryder System by 18.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,056 shares of the transportation company’s stock valued at $154,000 after buying an additional 163 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Ryder System by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company’s stock valued at $105,397,000 after acquiring an additional 5,860 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Stock Performance

NYSE R opened at $165.67 on Friday. The company has a market capitalization of $7.01 billion, a PE ratio of 15.50 and a beta of 1.30. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. Ryder System, Inc. has a 52-week low of $106.62 and a 52-week high of $171.78. The company has a 50-day simple moving average of $157.10 and a 200 day simple moving average of $140.92.

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

Ryder System Announces Dividend

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 given a dividend of $0.81 per share. 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 is presently 30.31%.

Insider Transactions at Ryder System

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on R. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. cut their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, The Goldman Sachs Group increased their price objective on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $147.43.

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.