SeaCrest Wealth Management LLC Has $240,000 Position in Ryder System, Inc. (NYSE:R)

SeaCrest Wealth Management LLC increased its stake in Ryder System, Inc. (NYSE:R) by 20.4% in the 2nd quarter, Holdings Channel reports. The firm owned 4,123 shares of the transportation company’s stock after purchasing an additional 700 shares during the period. SeaCrest Wealth Management LLC’s holdings in Ryder System were worth $240,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of Ryder System by 115.9% during the first quarter. CWM LLC now owns 408 shares of the transportation company’s stock worth $25,000 after buying an additional 219 shares during the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of Ryder System by 238.4% during the first quarter. Rehmann Capital Advisory Group now owns 599 shares of the transportation company’s stock worth $37,000 after buying an additional 422 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Ryder System by 54.3% during the first quarter. Meeder Asset Management Inc. now owns 725 shares of the transportation company’s stock worth $45,000 after buying an additional 255 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Ryder System by 49.3% during the first quarter. Flagship Harbor Advisors LLC now owns 833 shares of the transportation company’s stock worth $51,000 after buying an additional 275 shares during the last quarter. Finally, American Research & Management Co. acquired a new position in shares of Ryder System during the first quarter worth approximately $62,000. Hedge funds and other institutional investors own 87.83% of the company’s stock.

In other Ryder System news, EVP Karen M. Jones sold 1,767 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $52.21, for a total value of $92,255.07. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director E Follin Smith sold 1,138 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $62.82, for a total value of $71,489.16. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

A number of research analysts have recently commented on R shares. KeyCorp cut their price target on Ryder System from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, July 18th. ValuEngine lowered Ryder System from a “sell” rating to a “strong sell” rating in a report on Wednesday. Loop Capital lowered Ryder System from a “buy” rating to a “hold” rating and cut their price target for the stock from $70.00 to $62.00 in a report on Tuesday, July 2nd. TheStreet lowered Ryder System from a “b-” rating to a “c+” rating in a report on Thursday, May 30th. Finally, SunTrust Banks cut their price target on Ryder System to $65.00 and set a “buy” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Ryder System currently has an average rating of “Buy” and an average price target of $73.50.

Shares of R traded down $0.76 on Friday, reaching $49.89. 584,462 shares of the stock traded hands, compared to its average volume of 491,328. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 8.62 and a beta of 1.82. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.54 and a current ratio of 0.59. Ryder System, Inc. has a 12 month low of $44.80 and a 12 month high of $79.95. The stock’s 50-day moving average is $56.61.

Ryder System (NYSE:R) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.40. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Ryder System had a return on equity of 11.46% and a net margin of 3.60%. Ryder System’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.42 earnings per share. As a group, equities research analysts anticipate that Ryder System, Inc. will post 5.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 16th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, August 16th. This is a boost from Ryder System’s previous quarterly dividend of $0.54. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.49%. Ryder System’s payout ratio is currently 37.31%.

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 fleet support services.

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

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