ProShare Advisors LLC Has $32.09 Million Holdings in Ryder System, Inc. (NYSE:R)

ProShare Advisors LLC raised its stake in Ryder System, Inc. (NYSE:R) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 378,417 shares of the transportation company’s stock after buying an additional 14,411 shares during the quarter. ProShare Advisors LLC owned 0.83% of Ryder System worth $32,086,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fortis Capital Advisors LLC lifted its holdings in shares of Ryder System by 2,716.7% during the 1st quarter. Fortis Capital Advisors LLC now owns 338 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 326 shares in the last quarter. Raleigh Capital Management Inc. boosted its holdings in shares of Ryder System by 117.8% in the second quarter. Raleigh Capital Management Inc. now owns 368 shares of the transportation company’s stock valued at $31,000 after buying an additional 199 shares during the period. Castleview Partners LLC bought a new stake in shares of Ryder System during the first quarter worth $63,000. Signaturefd LLC raised its holdings in shares of Ryder System by 49.0% during the first quarter. Signaturefd LLC now owns 724 shares of the transportation company’s stock worth $65,000 after acquiring an additional 238 shares during the period. Finally, Belpointe Asset Management LLC lifted its position in Ryder System by 175.2% in the 1st quarter. Belpointe Asset Management LLC now owns 732 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 466 shares in the last quarter. Institutional investors own 83.62% of the company’s stock.

Insider Activity

In other Ryder System news, SVP Cristina Gallo-Aquino sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $106.77, for a total transaction of $320,310.00. Following the completion of the transaction, the senior vice president now owns 23,864 shares in the company, valued at approximately $2,547,959.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Cristina Gallo-Aquino sold 3,000 shares of Ryder System stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $106.77, for a total value of $320,310.00. Following the completion of the transaction, the senior vice president now directly owns 23,864 shares of the company’s stock, valued at approximately $2,547,959.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas M. Havens sold 6,240 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $106.57, for a total value of $664,996.80. Following the completion of the transaction, the insider now directly owns 20,114 shares in the company, valued at $2,143,548.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,240 shares of company stock valued at $2,678,087. Company insiders own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Ryder System from $80.00 to $100.00 in a research report on Thursday, July 27th. Robert W. Baird raised Ryder System from a “neutral” rating to an “outperform” rating in a research report on Monday, July 31st. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Wolfe Research lowered shares of Ryder System from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, October 4th. Finally, Stephens decreased their price objective on shares of Ryder System from $105.00 to $102.00 and set an “equal weight” rating for the company in a research report on Friday, October 27th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $107.17.

Ryder System Stock Up 0.8 %

R stock opened at $107.23 on Tuesday. The company has a market cap of $4.75 billion, a PE ratio of 10.52 and a beta of 1.48. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 1.53. Ryder System, Inc. has a 52 week low of $76.15 and a 52 week high of $107.90. The business has a 50-day simple moving average of $101.82 and a 200 day simple moving average of $93.72.

Ryder System (NYSE:R) last posted its earnings results on Wednesday, October 25th. The transportation company reported $3.58 EPS for the quarter, beating the consensus estimate of $3.38 by $0.20. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $3.01 billion. Ryder System had a return on equity of 21.80% and a net margin of 4.12%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the company earned $4.45 earnings per share. Sell-side analysts anticipate that Ryder System, Inc. will post 12.79 EPS for the current fiscal year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be given a $0.71 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.65%. Ryder System’s dividend payout ratio (DPR) is presently 27.87%.

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.