Hancock Whitney Corp Raises Stake in Ryder System, Inc. (NYSE:R)

Hancock Whitney Corp raised its position in Ryder System, Inc. (NYSE:R) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,975 shares of the transportation company’s stock after purchasing an additional 206 shares during the period. Hancock Whitney Corp owned 0.08% of Ryder System worth $4,662,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of R. Wolff Wiese Magana LLC purchased a new stake in Ryder System during the third quarter worth approximately $28,000. EntryPoint Capital LLC purchased a new stake in shares of Ryder System during the 1st quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new position in shares of Ryder System in the 2nd quarter valued at $29,000. UMB Bank n.a. grew its position in shares of Ryder System by 43.2% in the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after buying an additional 80 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Ryder System during the 2nd quarter worth $51,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Price Performance

Shares of NYSE R opened at $166.25 on Monday. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $7.03 billion, a PE ratio of 15.50 and a beta of 1.28. The stock has a fifty day moving average price of $150.57 and a 200 day moving average price of $136.58. Ryder System, Inc. has a 1-year low of $105.09 and a 1-year high of $170.20.

Ryder System (NYSE:R) last issued its 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. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the previous year, the firm earned $3.58 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Sell-side analysts forecast that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s dividend payout ratio (DPR) is 30.31%.

Insider Activity

In other news, insider Thomas M. Havens sold 4,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total value of $629,760.00. Following the completion of the transaction, the insider now owns 20,504 shares in the company, valued at $3,228,149.76. This trade represents a 16.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on R. JPMorgan Chase & Co. decreased their price objective 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. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $140.57.

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.