Sigma Planning Corp Buys New Holdings in Ryder System, Inc. (NYSE:R)

Sigma Planning Corp acquired a new position in shares of Ryder System, Inc. (NYSE:R) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,429 shares of the transportation company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors have also made changes to their positions in R. Janney Montgomery Scott LLC grew its position in Ryder System by 83.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 9,260 shares of the transportation company’s stock worth $1,350,000 after purchasing an additional 4,200 shares during the last quarter. Caxton Associates LP grew its holdings in shares of Ryder System by 206.9% during the first quarter. Caxton Associates LP now owns 8,319 shares of the transportation company’s stock worth $1,000,000 after buying an additional 5,608 shares during the last quarter. Janus Henderson Group PLC increased its position in Ryder System by 116.5% in the 1st quarter. Janus Henderson Group PLC now owns 47,459 shares of the transportation company’s stock valued at $5,704,000 after acquiring an additional 25,533 shares during the period. State Board of Administration of Florida Retirement System raised its stake in Ryder System by 41.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 49,303 shares of the transportation company’s stock valued at $5,926,000 after acquiring an additional 14,360 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in Ryder System during the 1st quarter worth approximately $463,000. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Stock Down 2.0 %

Shares of NYSE:R opened at $162.41 on Monday. Ryder System, Inc. has a 12-month low of $104.44 and a 12-month high of $170.20. The stock’s 50-day moving average price is $147.88 and its two-hundred day moving average price is $135.30. 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 firm has a market cap of $6.87 billion, a price-to-earnings ratio of 15.19 and a beta of 1.28.

Ryder System (NYSE:R) last issued its earnings results 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 firm 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 revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.58 earnings per share. On average, research analysts forecast that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Monday, November 18th. Ryder System’s dividend payout ratio is presently 30.31%.

Insider Buying and Selling at Ryder System

In related news, insider Thomas M. Havens sold 4,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the completion of the transaction, the insider now owns 20,504 shares of the company’s stock, valued at approximately $3,228,149.76. This represents a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 5.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Robert W. Baird lifted their price objective on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, July 26th. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. decreased their target price 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Ryder System has a consensus rating of “Moderate Buy” and a consensus target price of $140.57.

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.