GAMMA Investing LLC Takes $45,000 Position in Ryder System, Inc. (NYSE:R)

GAMMA Investing LLC acquired a new position in shares of Ryder System, Inc. (NYSE:R) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 393 shares of the transportation company’s stock, valued at approximately $45,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in Ryder System by 1,051.0% in the third quarter. Wellington Management Group LLP now owns 2,551,559 shares of the transportation company’s stock valued at $272,889,000 after purchasing an additional 2,329,880 shares in the last quarter. Earnest Partners LLC raised its stake in Ryder System by 2.5% during the 3rd quarter. Earnest Partners LLC now owns 1,666,621 shares of the transportation company’s stock worth $178,245,000 after buying an additional 40,086 shares during the period. LSV Asset Management raised its stake in Ryder System by 13.5% during the 3rd quarter. LSV Asset Management now owns 1,570,462 shares of the transportation company’s stock worth $167,961,000 after buying an additional 187,174 shares during the period. AQR Capital Management LLC grew its stake in Ryder System by 12.3% in the third quarter. AQR Capital Management LLC now owns 845,253 shares of the transportation company’s stock valued at $90,400,000 after acquiring an additional 92,760 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Ryder System by 7.9% in the third quarter. American Century Companies Inc. now owns 775,382 shares of the transportation company’s stock worth $82,927,000 after acquiring an additional 56,851 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on R shares. Stephens lifted their price objective on Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, April 24th. Vertical Research cut shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a report on Wednesday, January 10th. StockNews.com upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. upped their target price on shares of Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, The Goldman Sachs Group lifted their price target on Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $126.83.

Ryder System Price Performance

Shares of NYSE R opened at $124.58 on Friday. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.82 and a quick ratio of 0.82. The business has a 50-day moving average of $116.09 and a 200-day moving average of $111.43. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 16.22 and a beta of 1.38. Ryder System, Inc. has a fifty-two week low of $77.60 and a fifty-two week high of $127.21.

Ryder System (NYSE:R) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.43. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.06 billion. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.81 EPS. As a group, sell-side analysts predict that Ryder System, Inc. will post 11.98 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Monday, May 20th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.28%. Ryder System’s dividend payout ratio (DPR) is presently 36.98%.

Insider Transactions at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $119.40, for a total value of $955,200.00. Following the sale, the insider now owns 24,401 shares in the company, valued at $2,913,479.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director E Follin Smith sold 3,671 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $119.16, for a total value of $437,436.36. Following the transaction, the director now owns 38,413 shares in the company, valued at approximately $4,577,293.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Thomas M. Havens sold 8,000 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $119.40, for a total transaction of $955,200.00. Following the completion of the transaction, the insider now directly 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 19,408 shares of company stock worth $2,270,631 in the last ninety days. Insiders own 5.10% of the company’s stock.

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.