Community Bank of Raymore Has $3.49 Million Position in Ryder System, Inc. (NYSE:R)

Community Bank of Raymore reduced its stake in Ryder System, Inc. (NYSE:R) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,935 shares of the transportation company’s stock after selling 1,122 shares during the period. Ryder System accounts for approximately 2.6% of Community Bank of Raymore’s investment portfolio, making the stock its 11th biggest position. Community Bank of Raymore owned approximately 0.05% of Ryder System worth $3,490,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EntryPoint Capital LLC acquired a new position in shares of Ryder System in the first quarter valued at $25,000. Wolff Wiese Magana LLC bought a new stake in shares of Ryder System in the third quarter valued at about $28,000. Altshuler Shaham Ltd bought a new stake in shares of Ryder System in the second quarter valued at about $29,000. UMB Bank n.a. boosted its position in shares of Ryder System by 43.2% in the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 80 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Ryder System in the second quarter valued at about $51,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of Ryder System stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the sale, the executive vice president now directly owns 47,779 shares in the company, valued at $6,656,570.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.10% of the company’s stock.

Ryder System Price Performance

Ryder System stock opened at $151.87 on Thursday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.74 and a current ratio of 0.74. Ryder System, Inc. has a 52 week low of $91.31 and a 52 week high of $154.76. The stock has a market capitalization of $6.66 billion, a P/E ratio of 19.77 and a beta of 1.28. The stock has a fifty day moving average of $141.53 and a 200-day moving average of $129.76.

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

Ryder System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be issued a $0.81 dividend. The ex-dividend date is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.13%. Ryder System’s payout ratio is presently 42.19%.

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.