Janney Montgomery Scott LLC Purchases 4,200 Shares of Ryder System, Inc. (NYSE:R)

Janney Montgomery Scott LLC lifted its position in Ryder System, Inc. (NYSE:R) by 83.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 9,260 shares of the transportation company’s stock after buying an additional 4,200 shares during the period. Janney Montgomery Scott LLC’s holdings in Ryder System were worth $1,350,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC acquired a new position in Ryder System in the 3rd quarter worth $28,000. EntryPoint Capital LLC bought a new stake in shares of Ryder System in the first quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new position in shares of Ryder System during the second quarter worth about $29,000. UMB Bank n.a. grew its holdings 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 buying an additional 80 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Ryder System in the 2nd quarter valued at approximately $51,000. 87.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Robert W. Baird boosted their price target on Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. cut their price objective on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Ryder System presently has a consensus rating of “Moderate Buy” and an average target price of $140.57.

Insider Buying and Selling

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of Ryder System 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 transaction, the insider now directly owns 20,504 shares of the company’s stock, valued at $3,228,149.76. The trade was a 16.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.10% of the stock is owned by insiders.

Ryder System Stock Down 1.3 %

R stock opened at $165.66 on Friday. The firm has a market capitalization of $7.01 billion, a PE ratio of 15.50 and a beta of 1.28. The business’s 50 day simple moving average is $147.28 and its 200 day simple moving average is $134.85. Ryder System, Inc. has a 1-year low of $104.44 and a 1-year high of $170.20. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17.

Ryder System (NYSE:R) last posted its earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, beating the consensus estimate of $3.39 by $0.05. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.58 earnings per share. As a group, research analysts anticipate that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 annualized dividend and a dividend yield of 1.96%. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

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.