DGS Capital Management LLC Takes $208,000 Position in Ryder System, Inc. (NYSE:R)

DGS Capital Management LLC purchased a new stake in shares of Ryder System, Inc. (NYSE:R) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 1,425 shares of the transportation company’s stock, valued at approximately $208,000.

Other institutional investors have also recently made changes to their positions in the company. Wolff Wiese Magana LLC purchased a new stake in Ryder System in the third quarter valued at approximately $28,000. Altshuler Shaham Ltd bought a new position in shares of Ryder System in the 2nd quarter worth $29,000. Wilmington Savings Fund Society FSB bought a new position in shares of Ryder System in the 3rd quarter worth $34,000. UMB Bank n.a. raised its position in shares of Ryder System by 43.2% during the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after buying an additional 80 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Ryder System during the 2nd quarter worth $51,000. Institutional investors own 87.47% of the company’s stock.

Insider Buying and Selling at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction that occurred 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 sale, the insider now directly owns 20,504 shares in the company, valued at approximately $3,228,149.76. This trade represents a 16.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. decreased their price objective on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, The Goldman Sachs Group boosted their target price on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.43.

Ryder System Stock Down 0.6 %

R opened at $165.67 on Friday. Ryder System, Inc. has a 12 month low of $106.62 and a 12 month high of $171.78. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. The business’s 50-day moving average price is $157.10 and its 200-day moving average price is $140.92. The company has a market cap of $7.01 billion, a P/E ratio of 15.50 and a beta of 1.30.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.39 by $0.05. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period last year, the company earned $3.58 EPS. Ryder System’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities analysts expect that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a yield of 1.96%. 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.