Sanctuary Advisors LLC acquired a new stake in shares of Ryder System, Inc. (NYSE:R – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,489 shares of the transportation company’s stock, valued at approximately $1,975,000.
A number of other institutional investors have also recently added to or reduced their stakes in R. Keating Financial Advisory Services Inc. bought a new position in Ryder System during the 2nd quarter valued at $26,000. Cedar Mountain Advisors LLC raised its stake in shares of Ryder System by 522.7% in the 1st quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock worth $28,000 after buying an additional 115 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Ryder System in the second quarter valued at $30,000. Los Angeles Capital Management LLC bought a new position in Ryder System during the fourth quarter valued at about $31,000. Finally, Geneos Wealth Management Inc. boosted 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 valued at $41,000 after buying an additional 109 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.
Ryder System Trading Up 1.5%
Shares of NYSE R opened at $249.96 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.91. Ryder System, Inc. has a 12 month low of $157.67 and a 12 month high of $284.25. The company has a market cap of $9.59 billion, a price-to-earnings ratio of 20.34 and a beta of 1.02. The business has a fifty day simple moving average of $262.87 and a 200-day simple moving average of $239.73.
Ryder System Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Monday, August 24th will be issued 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 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, August 24th. Ryder System’s dividend payout ratio (DPR) is presently 32.87%.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on R shares. JPMorgan Chase & Co. boosted their price target on shares of Ryder System from $259.00 to $296.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Stephens raised shares of Ryder System to a “strong-buy” rating in a research note on Wednesday, July 8th. Citizens Jmp initiated coverage on shares of Ryder System in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Barclays increased 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. Finally, Wells Fargo & Company raised their target price on shares of Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. One equities research 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 data from MarketBeat.com, Ryder System has an average rating of “Moderate Buy” and an average price target of $294.14.
View Our Latest Stock Analysis on R
Ryder System Company 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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