Aristides Capital LLC Acquires New Holdings in Ryder System, Inc. (NYSE:R)

Aristides Capital LLC purchased a new stake in Ryder System, Inc. (NYSE:R) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,124 shares of the transportation company’s stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in R. Raymond James & Associates boosted its stake in shares of Ryder System by 48.5% in the fourth quarter. Raymond James & Associates now owns 20,700 shares of the transportation company’s stock worth $2,382,000 after acquiring an additional 6,757 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Ryder System by 5.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 4,260 shares of the transportation company’s stock worth $490,000 after purchasing an additional 231 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Ryder System by 62.8% during the 4th quarter. Pacer Advisors Inc. now owns 7,929 shares of the transportation company’s stock worth $912,000 after acquiring an additional 3,060 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Ryder System during the 4th quarter worth about $2,349,000. Finally, Blue Trust Inc. boosted its position in shares of Ryder System by 37.7% during the 4th quarter. Blue Trust Inc. now owns 2,527 shares of the transportation company’s stock worth $270,000 after acquiring an additional 692 shares in the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ryder System

In related news, SVP Sanford J. Hodes sold 3,360 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $125.59, for a total transaction of $421,982.40. Following the transaction, the senior vice president now directly owns 24,119 shares of the company’s stock, valued at $3,029,105.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Luis P. Nieto, Jr. sold 1,443 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $125.61, for a total transaction of $181,255.23. Following the completion of the transaction, the director now owns 28,569 shares of the company’s stock, valued at $3,588,552.09. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Sanford J. Hodes sold 3,360 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $125.59, for a total transaction of $421,982.40. Following the transaction, the senior vice president now directly owns 24,119 shares of the company’s stock, valued at approximately $3,029,105.21. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,129 shares of company stock worth $10,598,226. 5.10% of the stock is currently owned by company insiders.

Ryder System Trading Up 0.1 %

R stock traded up $0.17 during midday trading on Friday, reaching $132.17. The company’s stock had a trading volume of 301,554 shares, compared to its average volume of 293,035. Ryder System, Inc. has a 52 week low of $91.31 and a 52 week high of $136.41. The stock has a market cap of $5.79 billion, a PE ratio of 17.21 and a beta of 1.29. The company has a quick ratio of 0.82, a current ratio of 1.13 and a debt-to-equity ratio of 2.45. The business’s 50-day simple moving average is $123.82 and its 200-day simple moving average is $119.00.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.13. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.24 billion. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The company’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.61 EPS. As a group, sell-side analysts expect that Ryder System, Inc. will post 12.4 EPS for the current year.

Ryder System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Monday, August 19th will be given a $0.81 dividend. This is a boost from Ryder System’s previous quarterly dividend of $0.71. This represents a $3.24 annualized dividend and a yield of 2.45%. The ex-dividend date is Monday, August 19th. Ryder System’s dividend payout ratio is 36.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on R shares. Vertical Research raised Ryder System from a “hold” rating to a “buy” rating and increased their target price for the stock from $125.00 to $145.00 in a research note on Friday, June 14th. Stephens began coverage on Ryder System in a report on Monday, July 8th. They set an “equal weight” rating on the stock. StockNews.com cut Ryder System from a “strong-buy” rating to a “buy” rating in a report on Friday, July 12th. Robert W. Baird lifted their target price on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday. Finally, The Goldman Sachs Group boosted their price objective on Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $137.86.

About Ryder System

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.