29,100 Shares in Ryder System, Inc. (NYSE:R) Purchased by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC purchased a new stake in Ryder System, Inc. (NYSE:R) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 29,100 shares of the transportation company’s stock, valued at approximately $4,243,000. Thompson Siegel & Walmsley LLC owned approximately 0.07% of Ryder System as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in Ryder System by 83.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 9,260 shares of the transportation company’s stock valued at $1,350,000 after purchasing an additional 4,200 shares during the last quarter. Caxton Associates LP boosted its holdings in shares of Ryder System by 206.9% during the 1st quarter. Caxton Associates LP now owns 8,319 shares of the transportation company’s stock worth $1,000,000 after buying an additional 5,608 shares during the period. Janus Henderson Group PLC grew its stake in Ryder System by 116.5% in the 1st quarter. Janus Henderson Group PLC now owns 47,459 shares of the transportation company’s stock valued at $5,704,000 after buying an additional 25,533 shares during the last quarter. Bayesian Capital Management LP bought a new position in Ryder System in the 1st quarter valued at about $463,000. Finally, Dimensional Fund Advisors LP lifted its position in Ryder System by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company’s stock worth $213,345,000 after acquiring an additional 31,550 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Stock Performance

Shares of Ryder System stock opened at $161.21 on Friday. 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 company has a market cap of $6.82 billion, a PE ratio of 15.08 and a beta of 1.28. The company has a 50 day moving average of $150.02 and a 200-day moving average of $136.14. Ryder System, Inc. has a 1-year low of $105.09 and a 1-year high of $170.20.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.39 by $0.05. The company 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 16.78% and a net margin of 3.83%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.58 EPS. As a group, equities research analysts forecast that Ryder System, Inc. will post 12.01 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The business 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. This represents a $3.24 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

Insider Buying and Selling

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

R has been the subject of several research reports. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Robert W. Baird upped their price target on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Ryder System presently has an average rating of “Moderate Buy” and an average price target of $140.57.

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.