Measured Wealth Private Client Group LLC Acquires 2,077 Shares of Ryder System, Inc. (NYSE:R)

Measured Wealth Private Client Group LLC boosted its holdings in shares of Ryder System, Inc. (NYSE:R) by 91.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,345 shares of the transportation company’s stock after buying an additional 2,077 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Ryder System were worth $500,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new stake in Ryder System during the third quarter valued at about $26,000. Contravisory Investment Management Inc. purchased a new stake in Ryder System during the fourth quarter valued at about $26,000. GAMMA Investing LLC purchased a new stake in Ryder System during the fourth quarter valued at about $45,000. CWM LLC raised its position in Ryder System by 33.9% during the third quarter. CWM LLC now owns 438 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 111 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in Ryder System by 406.0% during the third quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 406 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Ryder System Trading Down 0.0 %

NYSE:R traded down $0.05 during mid-day trading on Friday, reaching $124.66. 179,024 shares of the company’s stock traded hands, compared to its average volume of 289,915. Ryder System, Inc. has a 12-month low of $77.60 and a 12-month high of $127.21. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 16.23 and a beta of 1.38. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.82 and a quick ratio of 0.82. The company has a 50 day moving average price of $116.30 and a 200-day moving average price of $111.57.

Ryder System (NYSE:R) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.43. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the business earned $2.81 EPS. Ryder System’s revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts predict that Ryder System, Inc. will post 11.98 earnings per share for the current year.

Ryder System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Monday, May 20th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.28%. Ryder System’s dividend payout ratio is presently 36.98%.

Insider Buying and Selling at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 8,000 shares of Ryder System stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $119.40, for a total transaction of $955,200.00. Following the sale, the insider now directly owns 24,401 shares of the company’s stock, valued at approximately $2,913,479.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of Ryder System stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total transaction of $877,994.76. Following the sale, the chief marketing officer now directly owns 12,396 shares of the company’s stock, valued at approximately $1,406,698.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas M. Havens sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $119.40, for a total value of $955,200.00. Following the completion of the sale, the insider now directly owns 24,401 shares in the company, valued at $2,913,479.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,408 shares of company stock valued at $2,270,631. 5.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on R shares. Stephens raised their price target on Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th. Vertical Research downgraded Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a report on Wednesday, January 10th. The Goldman Sachs Group lifted their price objective on Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Company lifted their price objective on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $126.83.

Ryder System 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.