Community Bank of Raymore Has $3.49 Million Stock Holdings in Ryder System, Inc. (NYSE:R)

Community Bank of Raymore trimmed its stake in Ryder System, Inc. (NYSE:R) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,935 shares of the transportation company’s stock after selling 1,122 shares during the quarter. Ryder System comprises about 2.6% of Community Bank of Raymore’s holdings, making the stock its 11th biggest position. Community Bank of Raymore’s holdings in Ryder System were worth $3,490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of R. Nomura Holdings Inc. acquired a new position in shares of Ryder System during the fourth quarter valued at about $339,000. CWM LLC grew its holdings in shares of Ryder System by 62.0% during the first quarter. CWM LLC now owns 643 shares of the transportation company’s stock valued at $77,000 after buying an additional 246 shares during the last quarter. Range Financial Group LLC grew its holdings in shares of Ryder System by 14.8% during the first quarter. Range Financial Group LLC now owns 2,367 shares of the transportation company’s stock valued at $284,000 after buying an additional 306 shares during the last quarter. Atlas Capital Advisors LLC grew its holdings in shares of Ryder System by 10.7% during the first quarter. Atlas Capital Advisors LLC now owns 2,877 shares of the transportation company’s stock valued at $346,000 after buying an additional 279 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Ryder System by 120.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,437 shares of the transportation company’s stock valued at $413,000 after buying an additional 1,880 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ryder System

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the sale, the executive vice president now owns 47,779 shares in the company, valued at $6,656,570.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

R has been the topic of a number of recent analyst reports. Morgan Stanley initiated coverage on shares of Ryder System in a research report on Monday, June 24th. They set an “overweight” rating and a $165.00 price target on the stock. Robert W. Baird raised their price target on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. dropped their price target on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, Stephens initiated coverage on shares of Ryder System in a research report on Monday, July 8th. They set an “equal weight” rating on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Ryder System currently has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Ryder System Stock Performance

Shares of R stock opened at $151.87 on Thursday. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 19.77 and a beta of 1.28. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.74 and a current ratio of 0.74. Ryder System, Inc. has a 52 week low of $91.31 and a 52 week high of $154.76. The firm’s 50-day simple moving average is $141.53 and its two-hundred day simple moving average is $129.76.

Ryder System (NYSE:R) last announced its quarterly earnings data on Thursday, July 25th. The transportation company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.87 by $0.13. The business 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 for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.61 earnings per share. As a group, equities analysts forecast that Ryder System, Inc. will post 12.2 earnings per share for the current year.

Ryder System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s payout ratio is currently 42.19%.

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.