Bayesian Capital Management LP Makes New $463,000 Investment in Ryder System, Inc. (NYSE:R)

Bayesian Capital Management LP bought a new stake in shares of Ryder System, Inc. (NYSE:R) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,851 shares of the transportation company’s stock, valued at approximately $463,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EntryPoint Capital LLC bought a new position in Ryder System during the 1st quarter valued at about $25,000. GAMMA Investing LLC purchased a new stake in shares of Ryder System in the fourth quarter worth approximately $45,000. Creekmur Asset Management LLC purchased a new position in Ryder System during the 4th quarter valued at $68,000. CWM LLC grew its position in Ryder System by 62.0% in the 1st 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. Finally, Gladius Capital Management LP purchased a new stake in Ryder System in the fourth quarter worth $102,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

R has been the subject of a number of research analyst reports. Vertical Research upgraded shares of Ryder System from a “hold” rating to a “buy” rating and lifted their price objective for the company from $125.00 to $145.00 in a report on Friday, June 14th. Morgan Stanley began coverage on shares of Ryder System in a research note on Monday, June 24th. They set an “overweight” rating and a $165.00 price target for the company. StockNews.com cut Ryder System from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. lowered 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, July 9th. Finally, 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. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Ryder System has a consensus rating of “Moderate Buy” and a consensus target price of $137.86.

Insiders Place Their Bets

In other news, insider Gallo-Aquino Cristina 425 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ryder System news, insider Gallo-Aquino Cristina 425 shares of Ryder System stock in a transaction on Monday, July 29th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert E. Sanchez sold 18,303 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $126.20, for a total value of $2,309,838.60. Following the completion of the transaction, the chief executive officer now directly owns 125,969 shares in the company, valued at $15,897,287.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,129 shares of company stock valued at $10,598,226. 5.10% of the stock is currently owned by corporate insiders.

Ryder System Stock Up 0.4 %

Shares of Ryder System stock traded up $0.59 on Wednesday, reaching $139.93. The stock had a trading volume of 12,397 shares, compared to its average volume of 261,093. Ryder System, Inc. has a 1 year low of $91.31 and a 1 year high of $140.11. The company has a 50 day moving average price of $124.30 and a 200 day moving average price of $119.38. 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 capitalization of $6.06 billion, a P/E ratio of 18.14 and a beta of 1.29.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the prior year, the firm posted $3.61 earnings per share. The business’s quarterly revenue was up 10.3% on a year-over-year basis. As a group, equities research analysts forecast that Ryder System, Inc. will post 12.4 EPS for the current year.

Ryder System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Monday, August 19th will be paid a $0.81 dividend. The ex-dividend date is Monday, August 19th. This is a boost from Ryder System’s previous quarterly dividend of $0.71. This represents a $3.24 dividend on an annualized basis and a yield of 2.32%. Ryder System’s dividend payout ratio (DPR) is 36.98%.

Ryder System 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.