Sowell Financial Services LLC Makes New $401,000 Investment in Ryder System, Inc. (NYSE:R)

Sowell Financial Services LLC purchased a new position in Ryder System, Inc. (NYSE:RFree Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,791 shares of the transportation company’s stock, valued at approximately $401,000.

A number of other hedge funds have also recently added to or reduced their stakes in R. Wealthfront Advisers LLC purchased a new position in shares of Ryder System in the 4th quarter worth about $314,075,000. Norges Bank purchased a new position in shares of Ryder System in the 4th quarter worth about $97,844,000. Leigh Baldwin & CO. LLC purchased a new position in shares of Ryder System in the 4th quarter worth about $40,475,000. GAMMA Investing LLC raised its holdings in shares of Ryder System by 20,298.3% in the 1st quarter. GAMMA Investing LLC now owns 183,789 shares of the transportation company’s stock worth $26,431,000 after purchasing an additional 182,888 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Ryder System in the 4th quarter worth about $16,317,000. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Stock Performance

Ryder System stock opened at $150.01 on Friday. The stock’s 50 day moving average price is $147.03 and its 200 day moving average price is $152.32. The firm has a market capitalization of $6.20 billion, a PE ratio of 13.08 and a beta of 0.96. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.73 and a current ratio of 0.73. Ryder System, Inc. has a one year low of $117.17 and a one year high of $171.78.

Ryder System (NYSE:RGet Free Report) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.06. Ryder System had a return on equity of 17.64% and a net margin of 3.96%. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period in the prior year, the company posted $2.14 EPS. Ryder System’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts expect that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, May 19th were given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Monday, May 19th. Ryder System’s payout ratio is 28.25%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on R. Barclays began coverage on Ryder System in a report on Monday, June 9th. They issued an “overweight” rating and a $190.00 price objective on the stock. Stephens reduced their price target on Ryder System from $168.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. reduced their price target on Ryder System from $174.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Finally, Wall Street Zen lowered Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $168.00.

Check Out Our Latest Research Report on Ryder System

Insider Buying and Selling at Ryder System

In related news, Director E Follin Smith sold 1,243 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $144.38, for a total transaction of $179,464.34. Following the sale, the director now directly owns 39,802 shares of the company’s stock, valued at approximately $5,746,612.76. This represents a 3.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert E. Sanchez sold 18,496 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total value of $2,880,382.08. Following the sale, the chief executive officer now directly owns 40,824 shares in the company, valued at approximately $6,357,521.52. This represents a 31.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

Ryder System Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ryder System (NYSE:R)

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