WINTON GROUP Ltd purchased a new position in shares of Ryder System, Inc. (NYSE:R – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,535 shares of the transportation company’s stock, valued at approximately $4,889,000.
A number of other large investors also recently modified their holdings of R. Keating Financial Advisory Services Inc. purchased a new stake in shares of Ryder System during the 2nd quarter worth about $26,000. Cedar Mountain Advisors LLC raised its holdings 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 buying an additional 115 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Ryder System during the second quarter valued at approximately $30,000. Los Angeles Capital Management LLC purchased a new stake in Ryder System during the fourth quarter worth approximately $31,000. Finally, Geneos Wealth Management Inc. grew its stake in Ryder System by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock worth $41,000 after buying an additional 109 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.
Ryder System Price Performance
Shares of R stock opened at $241.66 on Friday. The company has a market capitalization of $9.27 billion, a PE ratio of 19.66 and a beta of 1.01. The firm has a fifty day simple moving average of $258.87 and a 200-day simple moving average of $241.98. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.91. Ryder System, Inc. has a twelve month low of $157.67 and a twelve month high of $284.25.
Ryder System Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Monday, August 24th will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Monday, August 24th. This is a positive change from Ryder System’s previous quarterly dividend of $0.91. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.7%. Ryder System’s dividend payout ratio is presently 32.87%.
Analyst Ratings Changes
A number of equities analysts have recently commented 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. Citigroup increased their price target on Ryder System from $280.00 to $283.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Robert W. Baird raised their price objective on Ryder System from $253.00 to $290.00 and gave the company an “outperform” rating in a research report on Wednesday, June 17th. Wall Street Zen upgraded Ryder System from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a research report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $294.14.
About Ryder System
Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain and dedicated transportation services. The company serves commercial customers across industries, helping them manage the movement, storage and delivery of goods through integrated transportation and logistics solutions.
Ryder’s fleet management offerings include commercial truck leasing, rental, maintenance and related support services. It also sells used vehicles and provides technology designed to help customers monitor fleets, improve utilization and manage transportation operations.
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