American International Group Inc. Trims Holdings in Ryder System, Inc. (NYSE:R)

American International Group Inc. decreased its holdings in Ryder System, Inc. (NYSE:R) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,865 shares of the transportation company’s stock after selling 4,273 shares during the period. American International Group Inc. owned about 0.14% of Ryder System worth $6,888,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hancock Whitney Corp grew its position in shares of Ryder System by 1.0% during the 4th quarter. Hancock Whitney Corp now owns 25,143 shares of the transportation company’s stock worth $2,893,000 after buying an additional 255 shares in the last quarter. Sei Investments Co. grew its position in shares of Ryder System by 29.1% during the 4th quarter. Sei Investments Co. now owns 756,302 shares of the transportation company’s stock worth $87,024,000 after buying an additional 170,650 shares in the last quarter. Seven Eight Capital LP bought a new position in shares of Ryder System during the 4th quarter worth $1,214,000. Crossmark Global Holdings Inc. grew its position in shares of Ryder System by 5.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 27,612 shares of the transportation company’s stock worth $3,177,000 after buying an additional 1,457 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its position in shares of Ryder System by 82.1% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 21,323 shares of the transportation company’s stock worth $2,453,000 after buying an additional 9,616 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Trading Up 1.0 %

Ryder System stock opened at $120.93 on Friday. The stock has a 50-day moving average of $120.81 and a two-hundred day moving average of $116.30. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.82 and a current ratio of 0.82. Ryder System, Inc. has a one year low of $80.90 and a one year high of $128.85. The stock has a market cap of $5.30 billion, a PE ratio of 15.75 and a beta of 1.32.

Ryder System (NYSE:R) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.43. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period last year, the business posted $2.81 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, research analysts anticipate that Ryder System, Inc. will post 12.1 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Monday, May 20th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, May 17th. Ryder System’s payout ratio is 36.98%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group increased their price target on Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Vertical Research raised Ryder System from a “hold” rating to a “buy” rating and raised their price objective for the company from $125.00 to $145.00 in a research report on Friday, June 14th. JPMorgan Chase & Co. raised their price objective on Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Stephens raised their price objective on Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th. Finally, StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Ryder System presently has an average rating of “Moderate Buy” and an average price target of $131.00.

Insider Transactions at Ryder System

In other news, CEO Robert E. Sanchez sold 18,303 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $126.20, for a total value of $2,309,838.60. Following the completion of the transaction, the chief executive officer now directly owns 125,969 shares in the company, valued at $15,897,287.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Robert E. Sanchez sold 18,303 shares of Ryder System stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $126.20, for a total transaction of $2,309,838.60. Following the completion of the transaction, the chief executive officer now directly owns 125,969 shares in the company, valued at $15,897,287.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director E Follin Smith sold 3,671 shares of Ryder System stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $119.16, for a total value of $437,436.36. Following the transaction, the director now owns 38,413 shares of the company’s stock, valued at $4,577,293.08. The disclosure for this sale can be found here. Insiders sold a total of 95,800 shares of company stock worth $11,990,862 over the last three months. 5.10% of the stock is currently owned by insiders.

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.