Thompson Siegel & Walmsley LLC Purchases Shares of 29,100 Ryder System, Inc. (NYSE:R)

Thompson Siegel & Walmsley LLC acquired a new position in Ryder System, Inc. (NYSE:R) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 29,100 shares of the transportation company’s stock, valued at approximately $4,243,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Ryder System by 2.1% in the first quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation company’s stock worth $627,800,000 after purchasing an additional 109,930 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Ryder System by 3.4% during the 2nd quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company’s stock valued at $237,298,000 after acquiring an additional 62,815 shares during the period. Dimensional Fund Advisors LP grew its holdings in Ryder System by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company’s stock worth $213,345,000 after purchasing an additional 31,550 shares during the period. American Century Companies Inc. increased its stake in Ryder System by 1.9% in the second quarter. American Century Companies Inc. now owns 890,877 shares of the transportation company’s stock valued at $110,362,000 after purchasing an additional 17,009 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Ryder System by 4.7% during the second quarter. Sei Investments Co. now owns 847,581 shares of the transportation company’s stock valued at $104,997,000 after purchasing an additional 37,991 shares during the period. 87.47% of the stock is currently owned by institutional investors.

Ryder System Price Performance

Shares of NYSE R opened at $161.21 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. The company has a market capitalization of $6.82 billion, a PE ratio of 15.08 and a beta of 1.28. The stock’s 50 day moving average price is $150.02 and its 200-day moving average price is $136.14. Ryder System, Inc. has a twelve month low of $105.09 and a twelve month high of $170.20.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, beating the consensus estimate of $3.39 by $0.05. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.58 earnings per share. On average, equities analysts anticipate that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be given a dividend of $0.81 per share. 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 2.01%. Ryder System’s dividend payout ratio is presently 30.31%.

Wall Street Analyst Weigh In

R has been the topic of several recent research reports. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Robert W. Baird raised 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Ryder System presently has a consensus rating of “Moderate Buy” and an average target price of $140.57.

Insider Transactions at Ryder System

In related news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total transaction of $629,760.00. Following the completion of the sale, the insider now owns 20,504 shares of the company’s stock, valued at approximately $3,228,149.76. This trade represents a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.10% of the stock is owned by corporate insiders.

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.