Barclays PLC Has $4.20 Million Holdings in Ryder System, Inc. (NYSE:R)

Barclays PLC grew its position in Ryder System, Inc. (NYSE:R) by 13.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,780 shares of the transportation company’s stock after buying an additional 3,344 shares during the quarter. Barclays PLC’s holdings in Ryder System were worth $4,196,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in R. MML Investors Services LLC boosted its position in shares of Ryder System by 4.7% in the third quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company’s stock worth $303,000 after buying an additional 94 shares during the period. Kovitz Investment Group Partners LLC boosted its position in Ryder System by 376.5% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company’s stock worth $1,405,000 after acquiring an additional 7,715 shares during the period. Stifel Financial Corp grew its stake in Ryder System by 4.5% during the 3rd quarter. Stifel Financial Corp now owns 28,552 shares of the transportation company’s stock valued at $4,163,000 after acquiring an additional 1,219 shares in the last quarter. Systematic Financial Management LP acquired a new position in shares of Ryder System in the 3rd quarter valued at about $280,000. Finally, Quantinno Capital Management LP lifted its position in shares of Ryder System by 0.6% in the third quarter. Quantinno Capital Management LP now owns 46,674 shares of the transportation company’s stock worth $6,805,000 after purchasing an additional 288 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total transaction of $629,760.00. Following the completion of the transaction, the insider now directly owns 20,504 shares in the company, valued at $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on R. The Goldman Sachs Group upped their price objective on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. dropped their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ryder System currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.43.

Ryder System Stock Performance

Ryder System stock opened at $155.66 on Friday. Ryder System, Inc. has a one year low of $106.62 and a one year high of $171.78. The company’s fifty day moving average price is $158.21 and its two-hundred day moving average price is $142.11. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of 14.56 and a beta of 1.30.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, beating analysts’ consensus estimates of $3.39 by $0.05. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business earned $3.58 EPS. On average, analysts forecast that Ryder System, Inc. will post 12.01 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, November 18th were issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Monday, November 18th. Ryder System’s dividend payout ratio is currently 30.31%.

Ryder System 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.