Jacobs Levy Equity Management Inc. Raises Position in Ryder System, Inc. (NYSE:R)

Jacobs Levy Equity Management Inc. grew its stake in shares of Ryder System, Inc. (NYSE:R) by 212.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 425,614 shares of the transportation company’s stock after acquiring an additional 289,388 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Ryder System were worth $62,055,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. UMB Bank n.a. boosted 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 purchasing an additional 80 shares during the last quarter. Truist Financial Corp grew its position in shares of Ryder System by 0.6% during the 2nd quarter. Truist Financial Corp now owns 14,303 shares of the transportation company’s stock worth $1,772,000 after buying an additional 90 shares in the last quarter. Buckley Wealth Management LLC grew its position in shares of Ryder System by 1.1% in the 3rd quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company’s stock worth $1,408,000 after buying an additional 105 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Ryder System by 0.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company’s stock valued at $4,510,000 after purchasing an additional 106 shares in the last quarter. Finally, CWM LLC boosted its holdings in Ryder System by 17.9% in the second quarter. CWM LLC now owns 758 shares of the transportation company’s stock valued at $94,000 after purchasing an additional 115 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on R shares. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. cut their price target on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.57.

Insider Activity

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 sale, the insider now directly owns 20,504 shares of the company’s stock, valued at $3,228,149.76. This represents a 16.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.10% of the company’s stock.

Ryder System Trading Up 0.8 %

Shares of NYSE:R opened at $170.22 on Tuesday. Ryder System, Inc. has a 12 month low of $105.09 and a 12 month high of $171.78. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 15.92 and a beta of 1.30. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. The company’s fifty day simple moving average is $153.06 and its 200 day simple moving average is $138.05.

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

Ryder System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a yield of 1.90%. Ryder System’s dividend payout ratio is presently 30.31%.

About Ryder System

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.