Ryder System, Inc. (NYSE:R) Shares Sold by Buckley Wealth Management LLC

Buckley Wealth Management LLC trimmed its position in Ryder System, Inc. (NYSE:R) by 13.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,590 shares of the transportation company’s stock after selling 1,545 shares during the quarter. Buckley Wealth Management LLC’s holdings in Ryder System were worth $1,103,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. purchased a new position in Ryder System during the 4th quarter worth $2,349,000. Pacer Advisors Inc. boosted its holdings in Ryder System by 62.8% during the fourth quarter. Pacer Advisors Inc. now owns 7,929 shares of the transportation company’s stock worth $912,000 after buying an additional 3,060 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Ryder System by 5.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,260 shares of the transportation company’s stock worth $490,000 after acquiring an additional 231 shares during the last quarter. Raymond James & Associates raised its position in Ryder System by 48.5% during the fourth quarter. Raymond James & Associates now owns 20,700 shares of the transportation company’s stock worth $2,382,000 after acquiring an additional 6,757 shares during the last quarter. Finally, Contravisory Investment Management Inc. acquired a new position in shares of Ryder System in the fourth quarter valued at approximately $26,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ryder System

In other news, CMO Karen M. Jones sold 7,737 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total value of $877,994.76. Following the completion of the sale, the chief marketing officer now directly owns 12,396 shares in the company, valued at $1,406,698.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Vertical Research downgraded shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research note on Wednesday, January 10th. JPMorgan Chase & Co. upped their price target on shares of Ryder System from $117.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a report on Friday, January 19th. Stephens increased their price objective on shares of Ryder System from $110.00 to $113.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Finally, Wells Fargo & Company raised their target price on shares of Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Ryder System presently has an average rating of “Hold” and a consensus price target of $116.00.

Ryder System Stock Up 2.5 %

Shares of R stock traded up $2.89 during trading on Wednesday, hitting $118.60. 253,385 shares of the company were exchanged, compared to its average volume of 264,935. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 13.25 and a beta of 1.39. The business’s 50-day simple moving average is $113.91 and its 200 day simple moving average is $108.66. Ryder System, Inc. has a twelve month low of $76.15 and a twelve month high of $119.47.

Ryder System (NYSE:R) last posted its quarterly earnings results on Wednesday, February 14th. The transportation company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.75 by $0.20. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Ryder System had a net margin of 3.45% and a return on equity of 19.68%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the company posted $3.89 earnings per share. As a group, analysts forecast that Ryder System, Inc. will post 11.9 EPS for the current fiscal year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Friday, February 16th. Ryder System’s dividend payout ratio (DPR) is presently 32.53%.

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.