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

Buckley Wealth Management LLC trimmed its holdings in Ryder System, Inc. (NYSE:R) by 1.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,495 shares of the transportation company’s stock after selling 95 shares during the period. Buckley Wealth Management LLC’s holdings in Ryder System were worth $1,141,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Contravisory Investment Management Inc. bought a new position in Ryder System in the 4th quarter valued at $26,000. GAMMA Investing LLC bought a new stake in shares of Ryder System during the 4th quarter worth $45,000. Creekmur Asset Management LLC bought a new stake in shares of Ryder System during the 4th quarter worth $68,000. CWM LLC lifted its holdings in shares of Ryder System by 62.0% during the 1st quarter. CWM LLC now owns 643 shares of the transportation company’s stock worth $77,000 after acquiring an additional 246 shares during the last quarter. Finally, Quent Capital LLC lifted its holdings in shares of Ryder System by 17.7% during the 4th quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock worth $86,000 after acquiring an additional 112 shares during the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Stephens boosted their price target 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, April 24th. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. boosted their price target on shares of Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, Morgan Stanley initiated coverage on shares of Ryder System in a research note on Monday. They issued an “overweight” rating and a $165.00 price target for the company. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $135.86.

Insider Activity at Ryder System

In related news, insider Thomas M. Havens sold 8,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $119.40, for a total transaction of $955,200.00. Following the transaction, the insider now owns 24,401 shares in the company, valued at $2,913,479.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Ryder System news, Director E Follin Smith sold 3,671 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $119.16, for a total value of $437,436.36. Following the sale, the director now owns 38,413 shares in the company, valued at $4,577,293.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas M. Havens sold 8,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $119.40, for a total transaction of $955,200.00. Following the completion of the sale, the insider now owns 24,401 shares in the company, valued at approximately $2,913,479.40. The disclosure for this sale can be found here. Insiders have sold 95,800 shares of company stock worth $11,990,862 over the last 90 days. 5.10% of the stock is owned by company insiders.

Ryder System Trading Up 2.4 %

Shares of R stock traded up $2.96 during mid-day trading on Friday, reaching $125.50. The stock had a trading volume of 162,249 shares, compared to its average volume of 253,134. The stock’s 50-day moving average price is $121.99 and its two-hundred day moving average price is $116.86. Ryder System, Inc. has a 52-week low of $82.46 and a 52-week high of $128.85. The firm has a market capitalization of $5.50 billion, a PE ratio of 16.42 and a beta of 1.32. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.22.

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 the consensus estimate of $1.71 by $0.43. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the previous year, the company earned $2.81 earnings per share. Ryder System’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts expect that Ryder System, Inc. will post 12.26 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Monday, May 20th were given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Friday, May 17th. Ryder System’s dividend payout ratio is currently 36.98%.

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.