Wilmington Savings Fund Society FSB Invests $34,000 in Ryder System, Inc. (NYSE:R)

Wilmington Savings Fund Society FSB bought a new stake in Ryder System, Inc. (NYSE:R) in the third quarter, HoldingsChannel reports. The fund bought 236 shares of the transportation company’s stock, valued at approximately $34,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wolff Wiese Magana LLC acquired a new position in shares of Ryder System in the 3rd quarter valued at about $28,000. Altshuler Shaham Ltd acquired a new position in Ryder System during the second quarter valued at approximately $29,000. UMB Bank n.a. lifted its position in Ryder System by 43.2% during the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after buying an additional 80 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Ryder System in the second quarter worth $51,000. Finally, GAMMA Investing LLC raised its stake in shares of Ryder System by 20.2% in the 3rd quarter. GAMMA Investing LLC now owns 708 shares of the transportation company’s stock valued at $103,000 after acquiring an additional 119 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Price Performance

NYSE:R opened at $155.66 on Monday. The firm has a market capitalization of $6.58 billion, a PE ratio of 14.56 and a beta of 1.30. Ryder System, Inc. has a 52 week low of $106.62 and a 52 week high of $171.78. 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 stock has a 50 day moving average of $158.21 and a 200-day moving average of $142.27.

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

Ryder System Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, November 18th were given a dividend of $0.81 per share. The ex-dividend date was Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.08%. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

Insider Transactions at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the sale, the insider now owns 20,504 shares of the company’s stock, valued at approximately $3,228,149.76. The trade was a 16.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. The Goldman Sachs Group upped their price target on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research note 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $147.43.

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.