Sanctuary Advisors LLC Grows Position in Ryder System, Inc. (NYSE:R)

Sanctuary Advisors LLC raised its holdings in Ryder System, Inc. (NYSE:R) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,826 shares of the transportation company’s stock after purchasing an additional 131 shares during the period. Sanctuary Advisors LLC’s holdings in Ryder System were worth $1,141,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. UMB Bank n.a. lifted its holdings in Ryder System by 43.2% during the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after purchasing an additional 80 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of Ryder System by 0.6% in the second 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. MML Investors Services LLC boosted its position in shares of Ryder System by 4.7% in the third quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company’s stock valued at $303,000 after acquiring an additional 94 shares during the period. Buckley Wealth Management LLC increased its holdings in Ryder System by 1.1% during the 3rd quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company’s stock worth $1,408,000 after acquiring an additional 105 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Ryder System by 20.2% in the 3rd quarter. GAMMA Investing LLC now owns 708 shares of the transportation company’s stock worth $103,000 after purchasing an additional 119 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Ryder System Price Performance

Shares of NYSE:R opened at $155.66 on Friday. 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 stock has a market cap of $6.58 billion, a PE ratio of 14.56 and a beta of 1.30. The company’s fifty day moving average is $158.21 and its 200 day moving average is $142.11. Ryder System, Inc. has a 52 week low of $106.62 and a 52 week high of $171.78.

Ryder System (NYSE:R) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm posted $3.58 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Research analysts anticipate that Ryder System, Inc. will post 12.01 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, November 18th were issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Monday, November 18th. Ryder System’s dividend payout ratio (DPR) is currently 30.31%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. The Goldman Sachs Group lifted their price target on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $147.43.

Insider Transactions at Ryder System

In related news, insider Thomas M. Havens sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total transaction of $629,760.00. Following the transaction, the insider now 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 is available through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

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.