VCI Wealth Management LLC Buys Shares of 7,113 Ryder System, Inc. (NYSE:R)

VCI Wealth Management LLC bought a new stake in Ryder System, Inc. (NYSE:R) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 7,113 shares of the transportation company’s stock, valued at approximately $818,000.

Other large investors also recently bought and sold shares of the company. CWM LLC lifted its position in shares of Ryder System by 33.9% during the third quarter. CWM LLC now owns 438 shares of the transportation company’s stock worth $47,000 after purchasing an additional 111 shares in the last quarter. Quent Capital LLC lifted its position in shares of Ryder System by 17.7% during the fourth quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock worth $86,000 after purchasing an additional 112 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Ryder System by 1.4% during the third quarter. Arizona State Retirement System now owns 13,237 shares of the transportation company’s stock worth $1,416,000 after purchasing an additional 184 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of Ryder System during the fourth quarter worth about $26,000. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Ryder System by 5.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,260 shares of the transportation company’s stock worth $490,000 after purchasing an additional 231 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Wall Street Analyst Weigh In

R has been the topic of several research reports. Robert W. Baird reissued a “buy” rating and set a $140.00 price target on shares of Ryder System in a research report on Wednesday, January 3rd. Vertical Research lowered shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research note on Wednesday, January 10th. Stephens upped their target price on shares of Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday. StockNews.com upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Wells Fargo & Company upped their target price on shares of Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 15th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $123.71.

Insider Buying and Selling at Ryder System

In other news, CMO Karen M. Jones sold 7,737 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the completion of the sale, the chief marketing officer now directly owns 12,396 shares of the company’s stock, valued at $1,406,698.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.10% of the stock is currently owned by insiders.

Ryder System Stock Up 0.2 %

Ryder System stock traded up $0.20 during mid-day trading on Thursday, hitting $122.39. The company had a trading volume of 491,715 shares, compared to its average volume of 265,996. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 14.02 and a beta of 1.40. Ryder System, Inc. has a 1 year low of $76.15 and a 1 year high of $123.45. The company has a quick ratio of 0.62, a current ratio of 1.11 and a debt-to-equity ratio of 2.46. The business has a fifty day moving average of $114.74 and a 200 day moving average of $110.74.

Ryder System (NYSE:R) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.71 by $0.43. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.06 billion. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.81 earnings per share. On average, sell-side analysts expect that Ryder System, Inc. will post 11.9 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th were paid a $0.71 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.84 annualized dividend and a yield of 2.32%. Ryder System’s dividend payout ratio is currently 32.53%.

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.