Custom Index Systems LLC Raises Stock Position in Ryder System, Inc. (NYSE:R)

Custom Index Systems LLC grew its holdings in Ryder System, Inc. (NYSE:R) by 78.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,372 shares of the transportation company’s stock after purchasing an additional 1,922 shares during the quarter. Custom Index Systems LLC’s holdings in Ryder System were worth $637,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. EntryPoint Capital LLC acquired a new position in shares of Ryder System during the first quarter worth about $25,000. Wolff Wiese Magana LLC acquired a new stake in shares of Ryder System in the 3rd quarter valued at $28,000. Altshuler Shaham Ltd purchased a new stake in shares of Ryder System during the 2nd quarter worth $29,000. UMB Bank n.a. grew its stake in shares of Ryder System by 43.2% during the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after purchasing an additional 80 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Ryder System in the second quarter valued at $51,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $139.32, for a total value of $1,773,543.60. Following the sale, the executive vice president now directly owns 47,779 shares of the company’s stock, valued at approximately $6,656,570.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.10% of the stock is owned by company insiders.

Analyst Ratings Changes

R has been the topic of a number of research analyst reports. Stephens started coverage on shares of Ryder System in a report on Monday, July 8th. They set an “equal weight” rating on the stock. JPMorgan Chase & Co. dropped 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. StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Finally, Robert W. Baird boosted their price objective on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.57.

Ryder System Stock Performance

NYSE R traded up $0.90 during trading hours on Friday, hitting $139.76. 316,647 shares of the stock were exchanged, compared to its average volume of 262,257. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 18.20 and a beta of 1.28. Ryder System, Inc. has a 12-month low of $91.31 and a 12-month high of $154.76. The stock has a 50-day moving average of $142.94 and a 200 day moving average of $131.02.

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, topping analysts’ consensus estimates of $3.39 by $0.05. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. Ryder System’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.58 earnings per share. As a group, equities research analysts forecast that Ryder System, Inc. will post 12.2 earnings per share for the current year.

Ryder System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.32%. The ex-dividend date is Monday, November 18th. Ryder System’s payout ratio is currently 42.19%.

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.