Independent Advisor Alliance Takes Position in Ryder System, Inc. (NYSE:R)

Independent Advisor Alliance bought a new position in Ryder System, Inc. (NYSE:R) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 8,954 shares of the transportation company’s stock, valued at approximately $1,305,000.

A number of other institutional investors and hedge funds have also bought and sold shares of R. Earnest Partners LLC increased its position in shares of Ryder System by 3.4% during the second quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company’s stock worth $237,298,000 after buying an additional 62,815 shares during the period. Dimensional Fund Advisors LP grew its holdings in Ryder System by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company’s stock worth $213,345,000 after acquiring an additional 31,550 shares during the period. American Century Companies Inc. raised its position in shares of Ryder System by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 890,877 shares of the transportation company’s stock worth $110,362,000 after acquiring an additional 17,009 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Ryder System by 4.7% in the 2nd quarter. Sei Investments Co. now owns 847,581 shares of the transportation company’s stock valued at $104,997,000 after purchasing an additional 37,991 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Ryder System by 13.5% during the 2nd quarter. Victory Capital Management Inc. now owns 460,134 shares of the transportation company’s stock valued at $57,001,000 after purchasing an additional 54,605 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Price Performance

Shares of NYSE:R opened at $169.91 on Wednesday. Ryder System, Inc. has a 12 month low of $105.09 and a 12 month high of $171.78. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. The stock has a market cap of $7.19 billion, a P/E ratio of 15.88 and a beta of 1.28. The company has a 50 day moving average of $151.16 and a 200 day moving average of $136.87.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, beating the consensus estimate of $3.39 by $0.05. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.58 EPS. As a group, sell-side analysts forecast that Ryder System, Inc. will post 12.01 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 1.91%. The ex-dividend date is Monday, November 18th. Ryder System’s dividend payout ratio is currently 30.31%.

Analyst Ratings Changes

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

Insider Buying and Selling at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of the firm’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 value of $629,760.00. Following the transaction, the insider now owns 20,504 shares in the company, valued at approximately $3,228,149.76. This trade represents a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.10% of the company’s stock.

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.