Buckley Wealth Management LLC Raises Holdings in Ryder System, Inc. (NYSE:R)

Buckley Wealth Management LLC increased its position in Ryder System, Inc. (NYSE:R) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,660 shares of the transportation company’s stock after acquiring an additional 105 shares during the quarter. Buckley Wealth Management LLC’s holdings in Ryder System were worth $1,408,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new stake in shares of Ryder System during the first quarter worth $25,000. Wolff Wiese Magana LLC purchased a new stake in Ryder System during the 3rd quarter worth about $28,000. Altshuler Shaham Ltd bought a new position in Ryder System in the 2nd quarter worth about $29,000. UMB Bank n.a. grew its holdings in Ryder System by 43.2% during the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after buying an additional 80 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Ryder System during the second quarter valued at about $51,000. 87.47% of the stock is currently owned by institutional investors.

Ryder System Price Performance

NYSE R traded down $0.78 during trading hours on Friday, reaching $149.08. 301,611 shares of the stock traded hands, compared to its average volume of 260,029. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a 50 day simple moving average of $142.17 and a two-hundred day simple moving average of $130.19. Ryder System, Inc. has a 1 year low of $91.31 and a 1 year high of $154.76. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 13.65 and a beta of 1.28.

Ryder System (NYSE:R) last announced its quarterly earnings data on Thursday, July 25th. The transportation company reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.24 billion. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. Ryder System’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $3.61 EPS. On average, analysts predict that Ryder System, Inc. will post 12.2 EPS for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.17%. Ryder System’s dividend payout ratio (DPR) is 29.67%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on R shares. Robert W. Baird boosted their price objective on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Stephens initiated coverage on shares of Ryder System in a research report on Monday, July 8th. They set an “equal weight” rating for the company. Morgan Stanley assumed coverage on Ryder System in a research report on Monday, June 24th. They issued an “overweight” rating and a $165.00 price objective on the stock. JPMorgan Chase & Co. reduced their target price on Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $137.86.

Insider Activity at Ryder System

In other news, EVP Francisco Jr. Lopez sold 12,730 shares of Ryder System stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $139.32, for a total value of $1,773,543.60. Following the transaction, the executive vice president now owns 47,779 shares in the company, valued at approximately $6,656,570.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.10% of the stock is owned by insiders.

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.