Flynn Zito Capital Management LLC Invests $229,000 in Ryder System, Inc. (NYSE:R)

Flynn Zito Capital Management LLC acquired a new position in Ryder System, Inc. (NYSE:R) in the 4th quarter, Holdings Channel reports. The firm acquired 1,989 shares of the transportation company’s stock, valued at approximately $229,000.

A number of other large investors have also added to or reduced their stakes in the company. CWM LLC lifted its position in Ryder System by 33.9% in the 3rd quarter. CWM LLC now owns 438 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 111 shares during the last quarter. Quent Capital LLC lifted its position in Ryder System by 17.7% in the 4th quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock valued at $86,000 after purchasing an additional 112 shares during the last quarter. Buckley Wealth Management LLC lifted its position in Ryder System by 1.1% in the 3rd quarter. Buckley Wealth Management LLC now owns 11,135 shares of the transportation company’s stock valued at $1,191,000 after purchasing an additional 120 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Ryder System by 1.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 13,644 shares of the transportation company’s stock valued at $1,030,000 after purchasing an additional 140 shares during the last quarter. Finally, Eqis Capital Management Inc. lifted its position in Ryder System by 3.2% in the 1st quarter. Eqis Capital Management Inc. now owns 4,854 shares of the transportation company’s stock valued at $385,000 after purchasing an additional 150 shares during the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Price Performance

R stock traded down $1.61 on Thursday, hitting $107.17. 281,953 shares of the company’s stock traded hands, compared to its average volume of 249,674. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.80. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 12.46 and a beta of 1.40. Ryder System, Inc. has a 1-year low of $76.15 and a 1-year high of $121.58. The stock has a fifty day moving average of $114.75 and a 200-day moving average of $110.25.

Ryder System (NYSE:R) last issued its quarterly earnings results on Wednesday, February 14th. The transportation company reported $2.95 EPS for the quarter, beating the consensus estimate of $2.75 by $0.20. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.98 billion. Ryder System had a net margin of 3.45% and a return on equity of 19.68%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.89 EPS. On average, analysts forecast that Ryder System, Inc. will post 11.9 EPS for the current fiscal year.

Ryder System Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 20th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.65%. The ex-dividend date was Friday, February 16th. Ryder System’s dividend payout ratio is currently 32.53%.

Insider Buying and Selling

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total value of $877,994.76. Following the completion of the sale, the chief marketing officer now directly owns 12,396 shares of the company’s stock, valued at approximately $1,406,698.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on R shares. JPMorgan Chase & Co. lifted their price objective on shares of Ryder System from $117.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Robert W. Baird reissued a “buy” rating and set a $140.00 target price on shares of Ryder System in a research note on Wednesday, January 3rd. Stephens raised their target price on shares of Ryder System from $110.00 to $113.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. Finally, Wells Fargo & Company raised their target price on shares of Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $120.00.

About Ryder System

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.