KAMES CAPITAL plc Invests $1.21 Million in Ryder System, Inc. (R) Stock

KAMES CAPITAL plc acquired a new stake in shares of Ryder System, Inc. (NYSE:R) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 16,610 shares of the transportation company’s stock, valued at approximately $1,214,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Spark Investment Management LLC grew its holdings in shares of Ryder System by 19.4% in the second quarter. Spark Investment Management LLC now owns 4,000 shares of the transportation company’s stock valued at $287,000 after purchasing an additional 650 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Ryder System by 22.5% in the first quarter. Commonwealth Equity Services LLC now owns 4,766 shares of the transportation company’s stock valued at $346,000 after purchasing an additional 876 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Ryder System by 16.4% in the second quarter. Envestnet Asset Management Inc. now owns 6,395 shares of the transportation company’s stock valued at $460,000 after purchasing an additional 899 shares in the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of Ryder System by 14.7% in the second quarter. Xact Kapitalforvaltning AB now owns 7,030 shares of the transportation company’s stock valued at $505,000 after purchasing an additional 900 shares in the last quarter. Finally, Intrust Bank NA grew its holdings in shares of Ryder System by 16.0% in the second quarter. Intrust Bank NA now owns 7,352 shares of the transportation company’s stock valued at $529,000 after purchasing an additional 1,015 shares in the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Art A. Garcia sold 3,412 shares of Ryder System stock in a transaction on Monday, July 30th. The stock was sold at an average price of $76.82, for a total transaction of $262,109.84. Following the completion of the sale, the chief financial officer now directly owns 16,201 shares in the company, valued at $1,244,560.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John J. Diez sold 6,520 shares of Ryder System stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $79.44, for a total value of $517,948.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,865 shares of company stock valued at $4,502,858. Corporate insiders own 2.27% of the company’s stock.

A number of analysts recently issued reports on the company. KeyCorp lowered their price target on Ryder System from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, June 22nd. Mizuho assumed coverage on Ryder System in a research report on Thursday, June 28th. They issued a “buy” rating and a $85.00 price target for the company. Zacks Investment Research upgraded Ryder System from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Tuesday, July 17th. Stifel Nicolaus raised their price target on Ryder System from $76.00 to $81.00 and gave the stock a “hold” rating in a research report on Thursday, July 26th. Finally, Deutsche Bank assumed coverage on Ryder System in a research report on Tuesday, September 4th. They issued a “buy” rating and a $88.00 price target for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $83.00.

NYSE:R opened at $66.76 on Friday. Ryder System, Inc. has a twelve month low of $65.65 and a twelve month high of $90.26. The firm has a market cap of $3.88 billion, a PE ratio of 14.93 and a beta of 1.45. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 1.84.

Ryder System (NYSE:R) last released its earnings results on Wednesday, July 25th. The transportation company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.13. Ryder System had a return on equity of 9.96% and a net margin of 9.99%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the company earned $1.00 earnings per share. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Ryder System, Inc. will post 5.77 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Monday, November 19th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, November 16th. This represents a $2.16 annualized dividend and a dividend yield of 3.24%. Ryder System’s dividend payout ratio (DPR) is 47.68%.

Ryder System Company Profile

Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as ancillary maintenance and fleet support services.

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

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