AIA Group Ltd Makes New Investment in Ryder System, Inc. (NYSE:R)

AIA Group Ltd bought a new position in Ryder System, Inc. (NYSE:R) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,828 shares of the transportation company’s stock, valued at approximately $340,000.

A number of other institutional investors have also added to or reduced their stakes in R. American Century Companies Inc. increased its position in shares of Ryder System by 7.9% during the 3rd quarter. American Century Companies Inc. now owns 775,382 shares of the transportation company’s stock valued at $82,927,000 after purchasing an additional 56,851 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Ryder System by 1,051.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,551,559 shares of the transportation company’s stock valued at $272,889,000 after purchasing an additional 2,329,880 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Ryder System by 84.7% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 16,749 shares of the transportation company’s stock valued at $1,791,000 after purchasing an additional 7,680 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Ryder System by 1.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 21,010 shares of the transportation company’s stock valued at $2,247,000 after purchasing an additional 251 shares during the last quarter. Finally, Contravisory Investment Management Inc. bought a new position in shares of Ryder System during the 4th quarter valued at about $26,000. 87.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Luis P. Nieto, Jr. sold 1,443 shares of Ryder System stock in a transaction on Monday, May 6th. The stock was sold at an average price of $125.61, for a total value of $181,255.23. Following the completion of the sale, the director now owns 28,569 shares of the company’s stock, valued at $3,588,552.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Luis P. Nieto, Jr. sold 1,443 shares of Ryder System stock in a transaction on Monday, May 6th. The stock was sold at an average price of $125.61, for a total transaction of $181,255.23. Following the transaction, the director now directly owns 28,569 shares in the company, valued at $3,588,552.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director E Follin Smith sold 3,671 shares of Ryder System stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $119.16, for a total value of $437,436.36. Following the transaction, the director now owns 38,413 shares in the company, valued at $4,577,293.08. The disclosure for this sale can be found here. Insiders sold 95,800 shares of company stock valued at $11,990,862 over the last 90 days. Company insiders own 5.10% of the company’s stock.

Analyst Upgrades and Downgrades

R has been the subject of several analyst reports. StockNews.com cut Ryder System from a “strong-buy” rating to a “buy” rating in a report on Friday. Stephens initiated coverage on Ryder System in a report on Monday. They set an “equal weight” rating for the company. JPMorgan Chase & Co. dropped their target price on Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday. Vertical Research upgraded Ryder System from a “hold” rating to a “buy” rating and increased their price objective for the stock from $125.00 to $145.00 in a report on Friday, June 14th. Finally, Morgan Stanley started coverage on Ryder System in a report on Monday, June 24th. They issued an “overweight” rating and a $165.00 price objective for the company. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.71.

Ryder System Stock Up 3.0 %

Shares of Ryder System stock traded up $3.78 on Friday, reaching $128.75. The company’s stock had a trading volume of 358,732 shares, compared to its average volume of 259,809. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 16.76 and a beta of 1.29. The firm’s fifty day simple moving average is $122.53 and its two-hundred day simple moving average is $117.63. Ryder System, Inc. has a 52 week low of $85.92 and a 52 week high of $130.32. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.22.

Ryder System (NYSE:R) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.43. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.06 billion. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.81 EPS. Equities analysts anticipate that Ryder System, Inc. will post 12.27 earnings per share for the current year.

Ryder System Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Monday, May 20th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Friday, May 17th. Ryder System’s payout ratio is currently 36.98%.

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.