14,735 Shares in Ryder System, Inc. (R) Purchased by L & S Advisors Inc

L & S Advisors Inc acquired a new position in Ryder System, Inc. (NYSE:R) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 14,735 shares of the transportation company’s stock, valued at approximately $1,246,000.

A number of other hedge funds have also recently modified their holdings of the business. AMP Capital Investors Ltd bought a new stake in shares of Ryder System in the 3rd quarter worth about $566,000. Allianz Asset Management GmbH increased its position in shares of Ryder System by 0.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 131,610 shares of the transportation company’s stock worth $11,128,000 after purchasing an additional 843 shares during the last quarter. King Luther Capital Management Corp bought a new stake in shares of Ryder System in the 3rd quarter worth about $221,000. Impala Asset Management LLC bought a new stake in shares of Ryder System in the 3rd quarter worth about $23,404,000. Finally, Artisan Partners Limited Partnership increased its position in shares of Ryder System by 3.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,788,271 shares of the transportation company’s stock worth $151,198,000 after purchasing an additional 53,772 shares during the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.

In other Ryder System news, EVP John J. Gleason sold 8,760 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $78.30, for a total value of $685,908.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert D. Fatovic sold 17,755 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $82.44, for a total transaction of $1,463,722.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,633 shares of company stock valued at $5,174,795. 1.95% of the stock is owned by insiders.

Shares of Ryder System, Inc. (NYSE:R) traded up $0.06 during trading hours on Thursday, hitting $80.48. 363,100 shares of the company were exchanged, compared to its average volume of 709,929. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 2.39. Ryder System, Inc. has a twelve month low of $62.52 and a twelve month high of $85.50. The company has a market cap of $4,258.06, a P/E ratio of 19.06, a PEG ratio of 1.19 and a beta of 1.51.

Ryder System (NYSE:R) last announced its quarterly earnings data on Tuesday, October 24th. The transportation company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. Ryder System had a net margin of 2.75% and a return on equity of 10.72%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. analysts expect that Ryder System, Inc. will post 4.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Friday, November 17th. Ryder System’s dividend payout ratio (DPR) is 49.86%.

A number of equities research analysts recently weighed in on R shares. Zacks Investment Research raised shares of Ryder System from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Tuesday, September 26th. Buckingham Research boosted their price objective on shares of Ryder System from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. ValuEngine downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. J P Morgan Chase & Co boosted their price objective on shares of Ryder System from $69.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Finally, BidaskClub raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $85.00.

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About Ryder System

Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.

Institutional Ownership by Quarter for Ryder System (NYSE:R)

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