Pacer Advisors Inc. Boosts Stock Holdings in Ryder System, Inc. (NYSE:R)

Pacer Advisors Inc. raised its holdings in shares of Ryder System, Inc. (NYSE:R) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,095 shares of the transportation company’s stock after buying an additional 324 shares during the period. Pacer Advisors Inc.’s holdings in Ryder System were worth $1,003,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. EntryPoint Capital LLC bought a new position in shares of Ryder System during the first quarter valued at about $25,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Ryder System during the second quarter valued at about $51,000. Creekmur Asset Management LLC bought a new position in shares of Ryder System during the fourth quarter valued at about $68,000. GAMMA Investing LLC raised its stake in shares of Ryder System by 44.0% during the second quarter. GAMMA Investing LLC now owns 589 shares of the transportation company’s stock valued at $73,000 after acquiring an additional 180 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Ryder System by 62.0% during the first quarter. CWM LLC now owns 643 shares of the transportation company’s stock valued at $77,000 after acquiring an additional 246 shares during the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on R. Vertical Research raised shares of Ryder System from a “hold” rating to a “buy” rating and increased their price target for the stock from $125.00 to $145.00 in a research note on Friday, June 14th. Robert W. Baird increased their price target on shares of Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. StockNews.com downgraded shares of Ryder System from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 12th. Finally, Stephens began coverage on shares of Ryder System in a research note on Monday, July 8th. They issued an “equal weight” rating for the company. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $137.86.

Insiders Place Their Bets

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $139.32, for a total value of $1,773,543.60. Following the transaction, the executive vice president now directly owns 47,779 shares in the company, valued at $6,656,570.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.10% of the company’s stock.

Ryder System Trading Up 0.5 %

NYSE:R opened at $145.44 on Friday. The company’s 50 day moving average price is $138.08 and its 200-day moving average price is $126.81. Ryder System, Inc. has a 52 week low of $91.31 and a 52 week high of $150.00. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 18.94 and a beta of 1.28.

Ryder System (NYSE:R) last issued its earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.13. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter last year, the company posted $3.61 earnings per share. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. On average, equities research analysts forecast that Ryder System, Inc. will post 12.19 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Monday, August 19th were given a $0.81 dividend. The ex-dividend date of this dividend was Monday, August 19th. This is an increase from Ryder System’s previous quarterly dividend of $0.71. This represents a $3.24 annualized dividend and a yield of 2.23%. Ryder System’s dividend payout ratio (DPR) is presently 42.19%.

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.