Curat Global LLC Makes New $55,000 Investment in Ryder System, Inc. (NYSE:R)

Curat Global LLC acquired a new position in shares of Ryder System, Inc. (NYSE:R) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 380 shares of the transportation company’s stock, valued at approximately $55,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Barclays PLC increased its holdings in shares of Ryder System by 13.1% in the 3rd quarter. Barclays PLC now owns 28,780 shares of the transportation company’s stock valued at $4,196,000 after purchasing an additional 3,344 shares during the period. Measured Wealth Private Client Group LLC increased its holdings in shares of Ryder System by 11.0% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 7,699 shares of the transportation company’s stock valued at $1,208,000 after purchasing an additional 763 shares during the period. Keystone Financial Group Inc. acquired a new position in shares of Ryder System in the 4th quarter valued at about $26,000. Burns Matteson Capital Management LLC acquired a new position in shares of Ryder System in the 4th quarter valued at about $395,000. Finally, Savant Capital LLC increased its holdings in shares of Ryder System by 3.6% in the 4th quarter. Savant Capital LLC now owns 2,438 shares of the transportation company’s stock valued at $382,000 after purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Robert E. Sanchez sold 18,496 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $155.73, for a total value of $2,880,382.08. Following the completion of the sale, the chief executive officer now directly owns 40,824 shares of the company’s stock, valued at approximately $6,357,521.52. This represents a 31.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director E Follin Smith sold 1,243 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $144.38, for a total value of $179,464.34. Following the completion of the sale, the director now directly owns 39,802 shares of the company’s stock, valued at $5,746,612.76. This represents a 3.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Ryder System Trading Up 1.6%

NYSE:R opened at $150.60 on Friday. The company has a market capitalization of $6.23 billion, a P/E ratio of 13.58 and a beta of 0.94. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The stock’s 50 day moving average price is $144.53 and its 200 day moving average price is $153.43. Ryder System, Inc. has a 52 week low of $116.58 and a 52 week high of $171.78.

Ryder System (NYSE:R) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.06. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.14 earnings per share. On average, research analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 19th will be given a dividend of $0.81 per share. The ex-dividend date is Monday, May 19th. This represents a $3.24 dividend on an annualized basis and a yield of 2.15%. Ryder System’s payout ratio is currently 28.25%.

Analyst Upgrades and Downgrades

R has been the topic of a number of research reports. Wall Street Zen downgraded Ryder System from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. JPMorgan Chase & Co. dropped their price objective on Ryder System from $174.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Finally, Stephens dropped their price objective on Ryder System from $168.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $160.50.

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.