Ballentine Partners LLC Purchases Shares of 1,422 Ryder System, Inc. (NYSE:R)

Ballentine Partners LLC purchased a new stake in shares of Ryder System, Inc. (NYSE:R) during the third quarter, HoldingsChannel reports. The institutional investor purchased 1,422 shares of the transportation company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. UMB Bank n.a. lifted its position in shares of Ryder System by 43.2% during the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after purchasing an additional 80 shares in the last quarter. Truist Financial Corp lifted its position in shares of Ryder System by 0.6% during the second quarter. Truist Financial Corp now owns 14,303 shares of the transportation company’s stock worth $1,772,000 after purchasing an additional 90 shares in the last quarter. Buckley Wealth Management LLC lifted its position in shares of Ryder System by 1.1% during the third quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company’s stock worth $1,408,000 after purchasing an additional 105 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Ryder System by 0.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company’s stock worth $4,510,000 after purchasing an additional 106 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Ryder System by 17.9% during the second quarter. CWM LLC now owns 758 shares of the transportation company’s stock worth $94,000 after purchasing an additional 115 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ryder System

In other news, EVP Francisco Jr. Lopez sold 12,730 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the completion of the transaction, the executive vice president now owns 47,779 shares of the company’s stock, valued at approximately $6,656,570.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.10% of the stock is owned by insiders.

Analysts Set New Price Targets

R has been the topic of a number of recent research reports. Stephens initiated coverage on shares of Ryder System in a research report on Monday, July 8th. They set an “equal weight” rating on the stock. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. dropped their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Robert W. Baird lifted their price target on shares of Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Four research 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, Ryder System has a consensus rating of “Moderate Buy” and a consensus price target of $140.57.

Ryder System Stock Up 0.5 %

R stock opened at $145.11 on Wednesday. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. Ryder System, Inc. has a 1-year low of $92.76 and a 1-year high of $154.76. The firm has a fifty day moving average price of $143.23 and a two-hundred day moving average price of $131.53. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 18.89 and a beta of 1.28.

Ryder System (NYSE:R) last released its 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. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the previous year, the firm earned $3.58 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. Research analysts predict that Ryder System, Inc. will post 12.06 EPS for the current year.

Ryder System Dividend Announcement

The firm 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 dividend of $0.81 per share. The ex-dividend date is Monday, November 18th. This represents a $3.24 annualized dividend and a yield of 2.23%. Ryder System’s payout ratio is 42.19%.

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.