Caxton Associates LP Sells 284 Shares of Ryder System, Inc. (NYSE:R)

Caxton Associates LP lowered its holdings in Ryder System, Inc. (NYSE:R) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,035 shares of the transportation company’s stock after selling 284 shares during the period. Caxton Associates LP’s holdings in Ryder System were worth $995,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of R. Franklin Resources Inc. lifted its holdings in Ryder System by 1.3% during the 4th quarter. Franklin Resources Inc. now owns 107,710 shares of the transportation company’s stock worth $12,393,000 after purchasing an additional 1,416 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Ryder System by 17.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,103 shares of the transportation company’s stock worth $242,000 after buying an additional 314 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Ryder System by 449.3% in the fourth quarter. Hsbc Holdings PLC now owns 62,785 shares of the transportation company’s stock valued at $7,199,000 after acquiring an additional 51,356 shares during the period. Parallel Advisors LLC boosted its position in shares of Ryder System by 8.7% in the fourth quarter. Parallel Advisors LLC now owns 1,455 shares of the transportation company’s stock valued at $167,000 after acquiring an additional 116 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in Ryder System by 5.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 20,834 shares of the transportation company’s stock valued at $2,397,000 after acquiring an additional 1,101 shares in the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on R shares. Stephens initiated coverage on shares of Ryder System in a research note on Monday, July 8th. They issued an “equal weight” rating on the stock. Morgan Stanley assumed coverage on Ryder System in a research note on Monday, June 24th. They set an “overweight” rating and a $165.00 price objective for the company. Vertical Research upgraded Ryder System from a “hold” rating to a “buy” rating and upped their target price for the stock from $125.00 to $145.00 in a research note on Friday, June 14th. StockNews.com downgraded Ryder System from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. cut their price objective on Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Insider Activity

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the transaction, the executive vice president now directly owns 47,779 shares in the company, valued at approximately $6,656,570.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 5.10% of the company’s stock.

Ryder System Price Performance

Shares of Ryder System stock opened at $144.73 on Friday. The business’s 50-day moving average price is $137.81 and its 200-day moving average price is $126.59. The firm has a market capitalization of $6.26 billion, a PE ratio of 18.85 and a beta of 1.28. Ryder System, Inc. has a 12 month low of $91.31 and a 12 month high of $150.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.09.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, July 25th. The transportation company reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.24 billion. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the business earned $3.61 earnings per share. Sell-side analysts forecast that Ryder System, Inc. will post 12.19 EPS for the current fiscal year.

Ryder System Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Monday, August 19th were given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.24%. This is a positive change from Ryder System’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Monday, August 19th. Ryder System’s dividend payout ratio is presently 42.19%.

Ryder System Company 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.