Blue Trust Inc. Has $809,000 Stake in Ryder System, Inc. (NYSE:R)

Blue Trust Inc. boosted its holdings in shares of Ryder System, Inc. (NYSE:R) by 22.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,623 shares of the transportation company’s stock after purchasing an additional 1,026 shares during the period. Blue Trust Inc.’s holdings in Ryder System were worth $809,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of R. SBI Securities Co. Ltd. acquired a new stake in Ryder System during the 4th quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Ryder System during the 1st quarter valued at $26,000. Principal Securities Inc. increased its holdings in Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 92 shares in the last quarter. Curat Global LLC acquired a new stake in Ryder System during the 1st quarter valued at $55,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Ryder System during the 4th quarter valued at $59,000. 87.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on R. Barclays began coverage on Ryder System in a research note on Monday, June 9th. They issued an “overweight” rating and a $190.00 target price for the company. Stephens lowered their target price on Ryder System from $168.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. lowered their target price on Ryder System from $174.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Finally, Wall Street Zen cut Ryder System from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $168.00.

Insiders Place Their Bets

In other news, Director E Follin Smith sold 1,243 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $144.38, for a total value of $179,464.34. Following the sale, the director now directly owns 39,802 shares in the company, valued at $5,746,612.76. The trade was a 3.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert E. Sanchez sold 18,496 shares of the business’s stock in a transaction dated Tuesday, May 20th. The shares were 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 owns 40,824 shares in the company, valued at approximately $6,357,521.52. This trade represents a 31.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Ryder System Stock Down 1.0%

NYSE:R opened at $150.01 on Friday. Ryder System, Inc. has a 12-month low of $117.17 and a 12-month high of $171.78. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $6.20 billion, a P/E ratio of 13.08 and a beta of 0.96. The stock’s fifty day simple moving average is $147.03 and its 200-day simple moving average is $152.32.

Ryder System (NYSE:R) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.06. Ryder System had a return on equity of 17.64% and a net margin of 3.96%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the company earned $2.14 EPS. The firm’s revenue was up 1.1% on a year-over-year basis. Equities research analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, May 19th were issued a dividend of $0.81 per share. The ex-dividend date was Monday, May 19th. This represents a $3.24 annualized dividend and a yield of 2.16%. Ryder System’s dividend payout ratio is presently 28.25%.

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.