Linden Thomas Advisory Services LLC Raises Stock Holdings in Ryder System, Inc. (NYSE:R)

Linden Thomas Advisory Services LLC grew its stake in Ryder System, Inc. (NYSE:R) by 19.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,952 shares of the transportation company’s stock after buying an additional 656 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Ryder System were worth $455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Preferred LLC purchased a new position in shares of Ryder System in the fourth quarter worth $1,892,000. Cambridge Financial Group Inc. purchased a new position in shares of Ryder System in the third quarter worth $8,186,000. UBS Group AG lifted its holdings in shares of Ryder System by 24.2% in the third quarter. UBS Group AG now owns 78,946 shares of the transportation company’s stock worth $8,443,000 after buying an additional 15,361 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of Ryder System by 2.5% in the third quarter. Earnest Partners LLC now owns 1,666,621 shares of the transportation company’s stock worth $178,245,000 after buying an additional 40,086 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Ryder System by 174.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 7,717 shares of the transportation company’s stock worth $812,000 after buying an additional 4,908 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Stock Performance

R stock opened at $122.39 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.82 and a debt-to-equity ratio of 2.22. The business’s fifty day simple moving average is $114.74 and its two-hundred day simple moving average is $110.74. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 15.94 and a beta of 1.40. Ryder System, Inc. has a twelve month low of $76.15 and a twelve month high of $123.45.

Ryder System (NYSE:R) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.71 by $0.43. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.06 billion. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.81 EPS. Analysts predict that Ryder System, Inc. will post 11.9 earnings per share for the current year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 20th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Friday, February 16th. Ryder System’s payout ratio is 36.98%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday. Vertical Research cut shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research note on Wednesday, January 10th. Robert W. Baird reissued a “buy” rating and issued a $140.00 price objective on shares of Ryder System in a research note on Wednesday, January 3rd. Wells Fargo & Company boosted their target price on Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Finally, Stephens raised their price target on Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $123.71.

Insider Transactions at Ryder System

In other news, CMO Karen M. Jones sold 7,737 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the completion of the transaction, the chief marketing officer now directly owns 12,396 shares of the company’s stock, valued at approximately $1,406,698.08. The transaction was disclosed in a filing with the SEC, which is available at 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.