Sigma Planning Corp Makes New Investment in Ryder System, Inc. (NYSE:R)

Sigma Planning Corp bought a new stake in shares of Ryder System, Inc. (NYSE:R) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 1,429 shares of the transportation company’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also made changes to their positions in R. EntryPoint Capital LLC bought a new stake in shares of Ryder System during the first quarter valued at approximately $25,000. Wolff Wiese Magana LLC bought a new stake in Ryder System during the 3rd quarter valued at $28,000. Altshuler Shaham Ltd acquired a new position in Ryder System during the 2nd quarter worth $29,000. UMB Bank n.a. grew its stake in shares of Ryder System by 43.2% in 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 in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Ryder System during the second quarter valued at $51,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the company’s 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 transaction, the insider now directly owns 20,504 shares of the company’s stock, valued at $3,228,149.76. This represents a 16.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Robert W. Baird upped their price objective on shares of Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. JPMorgan Chase & Co. reduced their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.57.

Ryder System Stock Down 2.0 %

R stock opened at $162.41 on Monday. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market cap of $6.87 billion, a PE ratio of 15.19 and a beta of 1.28. Ryder System, Inc. has a 12 month low of $104.44 and a 12 month high of $170.20. The firm has a 50 day simple moving average of $147.88 and a 200 day simple moving average of $135.30.

Ryder System (NYSE:R) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, topping the consensus estimate of $3.39 by $0.05. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same period last year, the company posted $3.58 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts forecast that Ryder System, Inc. will post 12.01 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 1.99%. The ex-dividend date is Monday, November 18th. Ryder System’s dividend payout ratio is currently 30.31%.

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.