State of Alaska Department of Revenue Boosts Holdings in Ryder System, Inc. (NYSE:R)

State of Alaska Department of Revenue increased its stake in shares of Ryder System, Inc. (NYSE:R) by 5.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,028 shares of the transportation company’s stock after buying an additional 240 shares during the period. State of Alaska Department of Revenue’s holdings in Ryder System were worth $733,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in R. Allspring Global Investments Holdings LLC increased its holdings in Ryder System by 120.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,437 shares of the transportation company’s stock worth $413,000 after buying an additional 1,880 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Ryder System by 76.9% during the first quarter. BNP Paribas Financial Markets now owns 75,344 shares of the transportation company’s stock worth $9,056,000 after purchasing an additional 32,754 shares during the period. Janney Montgomery Scott LLC boosted its position in Ryder System by 73.0% during the first quarter. Janney Montgomery Scott LLC now owns 4,717 shares of the transportation company’s stock worth $567,000 after purchasing an additional 1,990 shares during the period. Texas Permanent School Fund Corp boosted its position in Ryder System by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 38,790 shares of the transportation company’s stock worth $4,662,000 after purchasing an additional 501 shares during the period. Finally, AIA Group Ltd bought a new position in Ryder System during the first quarter worth about $340,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Trading Up 5.7 %

R stock opened at $160.90 on Thursday. The company has a market capitalization of $6.80 billion, a PE ratio of 15.06 and a beta of 1.28. Ryder System, Inc. has a one year low of $99.65 and a one year high of $161.27. The company’s 50 day moving average price is $144.08 and its two-hundred day moving average price is $132.88. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74.

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

Ryder System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Monday, November 18th. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

Analyst Ratings Changes

A number of equities analysts have weighed in on R shares. JPMorgan Chase & Co. cut their target price on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Robert W. Baird lifted their target price 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. Finally, StockNews.com lowered shares of 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 given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $140.57.

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.