5,000 Shares in Ryder System, Inc. (NYSE:R) Purchased by WIM INVESTMENT MANAGEMENT Ltd

WIM INVESTMENT MANAGEMENT Ltd purchased a new position in Ryder System, Inc. (NYSE:R) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,000 shares of the transportation company’s stock, valued at approximately $729,000. Ryder System makes up 0.3% of WIM INVESTMENT MANAGEMENT Ltd’s investment portfolio, making the stock its 13th biggest position.

A number of other institutional investors have also recently bought and sold shares of the stock. EntryPoint Capital LLC purchased a new position in Ryder System during the 1st quarter valued at about $25,000. Wolff Wiese Magana LLC purchased a new position in Ryder System during the 3rd quarter valued at about $28,000. Altshuler Shaham Ltd purchased a new position in Ryder System during the 2nd quarter valued at about $29,000. UMB Bank n.a. grew its stake in Ryder System by 43.2% during the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 80 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Ryder System during the 2nd quarter valued at about $51,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Insider Buying and Selling

In other news, insider Thomas M. Havens sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total transaction of $629,760.00. Following the completion of the transaction, the insider now directly owns 20,504 shares in the company, valued at $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Robert W. Baird lifted their target price on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lowered their price target on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $140.57.

Ryder System Trading Down 2.0 %

Shares of NYSE R opened at $162.41 on Friday. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 15.19 and a beta of 1.28. The business has a 50 day simple moving average of $147.88 and a 200 day simple moving average of $135.21. Ryder System, Inc. has a 52 week low of $104.44 and a 52 week high of $170.20. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74.

Ryder System (NYSE:R) last posted its earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, topping the consensus estimate of $3.39 by $0.05. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same period in the previous year, the company earned $3.58 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, research analysts predict that Ryder System, Inc. will post 12.01 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be issued a $0.81 dividend. The ex-dividend date is Monday, November 18th. This represents a $3.24 annualized dividend and a yield of 1.99%. Ryder System’s dividend payout ratio (DPR) is currently 30.31%.

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.