2,323 Shares in Ryder System, Inc. (NYSE:R) Purchased by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda purchased a new position in shares of Ryder System, Inc. (NYSE:R) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,323 shares of the transportation company’s stock, valued at approximately $269,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Contravisory Investment Management Inc. acquired a new position in Ryder System during the 4th quarter valued at about $26,000. GAMMA Investing LLC acquired a new stake in shares of Ryder System in the 4th quarter valued at approximately $45,000. Creekmur Asset Management LLC acquired a new stake in shares of Ryder System in the 4th quarter valued at approximately $68,000. Quent Capital LLC raised its position in shares of Ryder System by 17.7% in the 4th quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock valued at $86,000 after acquiring an additional 112 shares during the period. Finally, Gladius Capital Management LP acquired a new stake in shares of Ryder System in the 4th quarter valued at approximately $102,000. Institutional investors and hedge funds own 87.47% of the company’s stock.

Insider Activity at Ryder System

In related news, Director E Follin Smith sold 3,671 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $119.16, for a total value of $437,436.36. Following the sale, the director now directly owns 38,413 shares in the company, valued at $4,577,293.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ryder System news, Director E Follin Smith sold 3,671 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $119.16, for a total transaction of $437,436.36. Following the transaction, the director now directly owns 38,413 shares in the company, valued at approximately $4,577,293.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas M. Havens sold 8,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $119.40, for a total value of $955,200.00. Following the transaction, the insider now owns 24,401 shares in the company, valued at $2,913,479.40. The disclosure for this sale can be found here. Insiders have sold 95,800 shares of company stock worth $11,990,862 over the last ninety days. Insiders own 5.10% of the company’s stock.

Ryder System Price Performance

NYSE R traded up $1.07 during trading on Tuesday, hitting $120.65. 16,237 shares of the company’s stock were exchanged, compared to its average volume of 247,047. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.22. The company has a market cap of $5.29 billion, a PE ratio of 15.57 and a beta of 1.32. Ryder System, Inc. has a fifty-two week low of $80.90 and a fifty-two week high of $128.85. The stock’s 50 day moving average price is $120.69 and its two-hundred day moving average price is $116.16.

Ryder System (NYSE:R) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.71 by $0.43. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the firm earned $2.81 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Research analysts expect that Ryder System, Inc. will post 12.1 EPS for the current year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Monday, May 20th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.35%. The ex-dividend date is Friday, May 17th. Ryder System’s payout ratio is presently 36.98%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on R. JPMorgan Chase & Co. increased their price target on shares of Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Vertical Research upgraded shares of 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 report on Friday. StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group increased their target price on Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Stephens increased their target price on Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 24th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Ryder System currently has an average rating of “Moderate Buy” and an average target price of $131.00.

Ryder System 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.