Mackenzie Financial Corp Boosts Stock Position in Ryder System, Inc. (NYSE:R)

Mackenzie Financial Corp boosted its position in shares of Ryder System, Inc. (NYSE:R) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,159 shares of the transportation company’s stock after acquiring an additional 447 shares during the period. Mackenzie Financial Corp’s holdings in Ryder System were worth $1,054,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in shares of Ryder System during the third quarter worth about $26,000. Contravisory Investment Management Inc. purchased a new stake in Ryder System during the 4th quarter valued at approximately $26,000. CWM LLC raised its position in shares of Ryder System by 33.9% during the third quarter. CWM LLC now owns 438 shares of the transportation company’s stock valued at $47,000 after buying an additional 111 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Ryder System by 406.0% in the third quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock worth $54,000 after buying an additional 406 shares in the last quarter. Finally, Quent Capital LLC boosted its position in shares of Ryder System by 17.7% during the fourth quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock worth $86,000 after acquiring an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Insider Buying and Selling at Ryder System

In other news, CMO Karen M. Jones sold 7,737 shares of the company’s stock in a transaction that occurred 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 owns 12,396 shares of the company’s stock, valued at approximately $1,406,698.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on R. JPMorgan Chase & Co. boosted their target price on Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday. Robert W. Baird reiterated a “buy” rating and set a $140.00 price objective on shares of Ryder System in a research report on Wednesday, January 3rd. Vertical Research cut shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research report on Wednesday, January 10th. Stephens increased their price target on shares of Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $123.71.

Ryder System Price Performance

R opened at $122.21 on Thursday. The company has a quick ratio of 0.62, a current ratio of 1.11 and a debt-to-equity ratio of 2.46. The business has a fifty day moving average of $114.49 and a 200 day moving average of $110.66. Ryder System, Inc. has a 52-week low of $76.15 and a 52-week high of $122.94. The stock has a market cap of $5.41 billion, a P/E ratio of 15.91 and a beta of 1.40.

Ryder System (NYSE:R) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.71 by $0.43. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.06 billion. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.81 EPS. As a group, sell-side analysts anticipate that Ryder System, Inc. will post 11.9 EPS for the current year.

Ryder System Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.71 per share. The ex-dividend date was Friday, February 16th. This represents a $2.84 annualized dividend and a yield of 2.32%. Ryder System’s payout ratio is currently 36.98%.

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.