Franklin Resources Inc. Boosts Stock Position in Ryder System, Inc. (NYSE:R)

Franklin Resources Inc. lifted its stake in Ryder System, Inc. (NYSE:R) by 14.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 136,781 shares of the transportation company’s stock after buying an additional 17,074 shares during the quarter. Franklin Resources Inc.’s holdings in Ryder System were worth $20,724,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Ryder System during the 3rd quarter valued at about $34,000. Sanctuary Advisors LLC lifted its position in Ryder System by 1.7% during the third quarter. Sanctuary Advisors LLC now owns 7,826 shares of the transportation company’s stock valued at $1,141,000 after purchasing an additional 131 shares during the period. TD Private Client Wealth LLC raised its stake in Ryder System by 18.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,056 shares of the transportation company’s stock valued at $154,000 after buying an additional 163 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ryder System by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company’s stock valued at $105,397,000 after buying an additional 5,860 shares during the period. Finally, Barclays PLC grew its holdings in shares of Ryder System by 13.1% in the third quarter. Barclays PLC now owns 28,780 shares of the transportation company’s stock worth $4,196,000 after acquiring an additional 3,344 shares during the period. Institutional investors own 87.47% of the company’s stock.

Ryder System Stock Performance

NYSE R opened at $155.66 on Friday. 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 fifty-two week low of $106.62 and a fifty-two week high of $171.78. The company has a market cap of $6.58 billion, a P/E ratio of 14.56 and a beta of 1.30. The business’s 50 day moving average price is $158.11 and its 200-day moving average price is $141.87.

Ryder System (NYSE:R) last announced 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. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the business 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be 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 is Monday, November 18th. Ryder System’s dividend payout ratio is currently 30.31%.

Insider Transactions at Ryder System

In related news, insider Thomas M. Havens sold 4,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the completion of the transaction, the insider now owns 20,504 shares in the company, valued at $3,228,149.76. This trade represents a 16.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented 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. The Goldman Sachs Group raised their target price on shares of Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, 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 report on Friday, October 25th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $147.43.

Ryder System Company 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.