Aljian Capital Management LLC Purchases Shares of 1,623 Ryder System, Inc. (NYSE:R)

Aljian Capital Management LLC acquired a new position in shares of Ryder System, Inc. (NYSE:R) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,623 shares of the transportation company’s stock, valued at approximately $237,000.

Several other hedge funds also recently modified their holdings of the stock. UMB Bank n.a. increased its stake in shares of Ryder System by 43.2% during the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after purchasing an additional 80 shares during the period. Truist Financial Corp increased its position in Ryder System by 0.6% during the 2nd quarter. Truist Financial Corp now owns 14,303 shares of the transportation company’s stock worth $1,772,000 after buying an additional 90 shares during the period. Buckley Wealth Management LLC lifted its holdings in shares of Ryder System by 1.1% during the third quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company’s stock worth $1,408,000 after buying an additional 105 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Ryder System by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company’s stock valued at $4,510,000 after acquiring an additional 106 shares during the period. Finally, CWM LLC grew its stake in shares of Ryder System by 17.9% in the second quarter. CWM LLC now owns 758 shares of the transportation company’s stock valued at $94,000 after acquiring an additional 115 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Ryder System Stock Performance

Shares of NYSE:R opened at $162.41 on Monday. The company’s 50 day simple moving average is $147.88 and its 200 day simple moving average is $135.30. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. Ryder System, Inc. has a 1 year low of $104.44 and a 1 year high of $170.20. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 15.19 and a beta of 1.28.

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 analysts’ consensus estimates of $3.39 by $0.05. The company had revenue of $3.17 billion during 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%. Ryder System’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.58 EPS. As a group, research analysts predict that Ryder System, Inc. will post 12.01 EPS for the current fiscal year.

Ryder System Announces Dividend

The business also recently announced 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. The ex-dividend date is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.99%. Ryder System’s payout ratio is presently 30.31%.

Insider Activity

In related news, insider Thomas M. Havens sold 4,000 shares of the stock in a transaction on 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 sale, the insider now directly owns 20,504 shares in the company, valued at $3,228,149.76. This represents a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

R has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, October 25th. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Ryder System has an average rating of “Moderate Buy” and an average price target 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.