Ryder System, Inc. (NYSE:R) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its position in Ryder System, Inc. (NYSE:R) by 79.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,962 shares of the transportation company’s stock after purchasing an additional 1,748 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Ryder System were worth $578,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in Ryder System by 43.2% during the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after buying an additional 80 shares in the last quarter. Truist Financial Corp lifted its holdings in Ryder System by 0.6% during the 2nd quarter. Truist Financial Corp now owns 14,303 shares of the transportation company’s stock worth $1,772,000 after buying an additional 90 shares in the last quarter. Buckley Wealth Management LLC lifted its holdings in Ryder System by 1.1% during the 3rd quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company’s stock worth $1,408,000 after buying an additional 105 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Ryder System by 0.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company’s stock worth $4,510,000 after buying an additional 106 shares in the last quarter. Finally, CWM LLC lifted its holdings in Ryder System by 17.9% during the 2nd quarter. CWM LLC now owns 758 shares of the transportation company’s stock worth $94,000 after buying an additional 115 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on R shares. Stephens started coverage on shares of Ryder System in a report on Monday, July 8th. They set an “equal weight” rating on the stock. Robert W. Baird increased their price objective on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Ryder System has an average rating of “Moderate Buy” and a consensus price target of $140.57.

Ryder System Stock Up 0.8 %

Shares of NYSE R opened at $147.50 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. Ryder System, Inc. has a 52 week low of $97.94 and a 52 week high of $154.76. The firm has a 50-day moving average price of $143.71 and a 200 day moving average price of $131.98. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of 13.80 and a beta of 1.28.

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

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.20%. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

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.