Axxcess Wealth Management LLC Has $357,000 Position in Ryder System, Inc. (NYSE:R)

Axxcess Wealth Management LLC trimmed its position in Ryder System, Inc. (NYSE:R) by 6.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,450 shares of the transportation company’s stock after selling 175 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Ryder System were worth $357,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Ryder System by 2.1% during the first quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation company’s stock valued at $627,800,000 after purchasing an additional 109,930 shares in the last quarter. Earnest Partners LLC raised its holdings in shares of Ryder System by 3.4% during the 2nd 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in Ryder System by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company’s stock valued at $213,345,000 after buying an additional 31,550 shares in the last quarter. American Century Companies Inc. grew its position in Ryder System by 1.9% in the second quarter. American Century Companies Inc. now owns 890,877 shares of the transportation company’s stock valued at $110,362,000 after acquiring an additional 17,009 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Ryder System by 4.7% during the second quarter. Sei Investments Co. now owns 847,581 shares of the transportation company’s stock worth $104,997,000 after acquiring an additional 37,991 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the business’s stock in a transaction dated 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

R has been the topic of several recent research reports. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. decreased their target price on 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 boosted their price target on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $140.57.

Ryder System Trading Up 2.2 %

Shares of Ryder System stock opened at $167.88 on Thursday. The company has a market capitalization of $7.10 billion, a P/E ratio of 15.70 and a beta of 1.28. The stock has a fifty day simple moving average of $146.68 and a 200 day simple moving average of $134.63. Ryder System, Inc. has a 12-month low of $104.44 and a 12-month high of $168.77. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17.

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

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be paid a $0.81 dividend. The ex-dividend date is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.93%. Ryder System’s dividend payout ratio (DPR) is 30.31%.

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.