Ryder System, Inc. (NYSE:R) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in Ryder System, Inc. (NYSE:R) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 722,689 shares of the transportation company’s stock after buying an additional 5,860 shares during the period. Geode Capital Management LLC’s holdings in Ryder System were worth $105,397,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in R. Barclays PLC lifted its holdings in shares of Ryder System by 13.1% during the third quarter. Barclays PLC now owns 28,780 shares of the transportation company’s stock worth $4,196,000 after purchasing an additional 3,344 shares during the period. MML Investors Services LLC lifted its stake in Ryder System by 4.7% during the 3rd 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. Kovitz Investment Group Partners LLC boosted its holdings in shares of Ryder System by 376.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company’s stock valued at $1,405,000 after acquiring an additional 7,715 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Ryder System by 4.5% in the third quarter. Stifel Financial Corp now owns 28,552 shares of the transportation company’s stock worth $4,163,000 after acquiring an additional 1,219 shares during the period. Finally, Systematic Financial Management LP purchased a new position in shares of Ryder System during the third quarter worth $280,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total value of $629,760.00. Following the transaction, the insider now directly owns 20,504 shares of the company’s stock, valued at $3,228,149.76. This trade represents a 16.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

R has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price objective on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. reduced their price target on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research report 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.43.

Ryder System Stock Performance

NYSE:R opened at $156.30 on Thursday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market capitalization of $6.61 billion, a PE ratio of 14.62 and a beta of 1.30. Ryder System, Inc. has a fifty-two week low of $106.62 and a fifty-two week high of $171.78. The company has a fifty day moving average of $157.93 and a two-hundred day moving average of $141.77.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.29 billion. During the same period in the previous year, the company posted $3.58 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. As a group, research analysts forecast that Ryder System, Inc. will post 12.01 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Monday, November 18th. Ryder System’s dividend payout ratio 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.