TD Waterhouse Canada Inc. lifted its stake in Ryder System, Inc. (NYSE:R – Free Report) by 1,010.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,498 shares of the transportation company’s stock after acquiring an additional 6,823 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Ryder System were worth $1,994,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Keating Financial Advisory Services Inc. bought a new stake in shares of Ryder System during the 2nd quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Ryder System during the second quarter worth $30,000. Cedar Mountain Advisors LLC lifted its stake in Ryder System by 522.7% in the first quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 115 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Ryder System by 36.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 43 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Ryder System during the 4th quarter worth about $31,000. Institutional investors own 87.47% of the company’s stock.
Ryder System Stock Down 0.5%
R stock opened at $247.08 on Wednesday. Ryder System, Inc. has a 52 week low of $157.67 and a 52 week high of $284.25. The business has a 50-day simple moving average of $259.68 and a 200 day simple moving average of $241.67. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.91. The company has a market cap of $9.48 billion, a PE ratio of 20.10 and a beta of 1.01.
Ryder System Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 24th will be given a dividend of $1.01 per share. This is an increase from Ryder System’s previous quarterly dividend of $0.91. This represents a $4.04 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, August 24th. Ryder System’s dividend payout ratio (DPR) is presently 32.87%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on R shares. Barclays raised their target price on shares of Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Wells Fargo & Company raised their price objective on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Zacks Research downgraded Ryder System from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Wall Street Zen raised Ryder System from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Susquehanna increased their price target on Ryder System from $290.00 to $310.00 and gave the company a “positive” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Ryder System currently has a consensus rating of “Moderate Buy” and an average price target of $294.14.
Get Our Latest Research Report on Ryder System
Ryder System Profile
Ryder System, Inc is a leading provider of transportation and supply chain management solutions, serving commercial customers across a range of industries. The company’s Fleet Management Solutions segment offers full-service leasing and rental of medium- and heavy-duty trucks, tractors and trailers, along with maintenance and repair services at its network of service locations. Its Supply Chain Solutions segment provides integrated, technology-driven offerings that span managed transportation, dedicated contract carriage, warehousing and distribution, and e-commerce fulfillment.
Founded in 1933 and headquartered in Miami, Florida, Ryder has grown from a regional truck leasing operation into a diversified, global logistics provider.
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