Caprock Group LLC Purchases New Holdings in Ryder System, Inc. (NYSE:R)

Caprock Group LLC acquired a new position in shares of Ryder System, Inc. (NYSE:R) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,442 shares of the transportation company’s stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Earnest Partners LLC increased its position in shares of Ryder System by 3.4% in the second quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company’s stock worth $237,298,000 after purchasing an additional 62,815 shares during the period. Dimensional Fund Advisors LP increased its holdings in Ryder System by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company’s stock valued at $213,345,000 after buying an additional 31,550 shares during the period. American Century Companies Inc. raised its position in shares of Ryder System by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 890,877 shares of the transportation company’s stock valued at $110,362,000 after buying an additional 17,009 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Ryder System by 4.7% during the 2nd quarter. Sei Investments Co. now owns 847,581 shares of the transportation company’s stock worth $104,997,000 after acquiring an additional 37,991 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Ryder System by 13.5% during the 2nd quarter. Victory Capital Management Inc. now owns 460,134 shares of the transportation company’s stock worth $57,001,000 after acquiring an additional 54,605 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

R has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their target price 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. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $140.57.

Insider Activity

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the 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 transaction, the insider now directly owns 20,504 shares in the company, valued at approximately $3,228,149.76. This represents a 16.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.10% of the company’s stock.

Ryder System Price Performance

Shares of NYSE:R opened at $165.67 on Monday. 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, Inc. has a 52 week low of $105.09 and a 52 week high of $170.20. The firm has a market cap of $7.01 billion, a PE ratio of 15.50 and a beta of 1.28. The firm’s fifty day moving average is $150.57 and its 200-day moving average is $136.58.

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

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be given 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 dividend yield of 1.96%. 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.