LSV Asset Management raised its holdings in shares of Ryder System, Inc. (NYSE:R) by 2.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,938,612 shares of the transportation company’s stock after acquiring an additional 53,612 shares during the quarter. LSV Asset Management owned approximately 3.65% of Ryder System worth $93,344,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Ryder System by 36.4% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 963 shares of the transportation company’s stock valued at $46,000 after buying an additional 257 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Ryder System in the 3rd quarter valued at approximately $115,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Ryder System by 14.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,553 shares of the transportation company’s stock valued at $171,000 after buying an additional 445 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Ryder System in the 4th quarter valued at approximately $203,000. Finally, Balasa Dinverno & Foltz LLC acquired a new stake in shares of Ryder System in the 3rd quarter valued at approximately $220,000. 91.19% of the stock is owned by institutional investors.
In related news, EVP John J. Gleason sold 12,795 shares of the firm’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $55.14, for a total value of $705,516.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.27% of the stock is currently owned by company insiders.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Tuesday, February 19th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend is Friday, February 15th. Ryder System’s payout ratio is currently 47.68%.
Several brokerages have issued reports on R. Zacks Investment Research raised Ryder System from a “sell” rating to a “hold” rating in a report on Tuesday. Loop Capital raised Ryder System from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a report on Thursday, October 25th. TheStreet downgraded Ryder System from a “b-” rating to a “c+” rating in a report on Friday, November 2nd. Deutsche Bank cut their price target on Ryder System from $88.00 to $77.00 and set a “buy” rating for the company in a report on Monday, December 3rd. Finally, ValuEngine downgraded Ryder System from a “sell” rating to a “strong sell” rating in a report on Saturday, October 27th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $76.50.
Ryder System Profile
Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as ancillary maintenance and fleet support services.
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