Susquehanna Portfolio Strategies LLC Has $3.71 Million Stock Holdings in Ryder System, Inc. (NYSE:R)

Susquehanna Portfolio Strategies LLC lowered its stake in Ryder System, Inc. (NYSE:R) by 21.5% during the second quarter, HoldingsChannel.com reports. The firm owned 29,946 shares of the transportation company’s stock after selling 8,206 shares during the period. Susquehanna Portfolio Strategies LLC’s holdings in Ryder System were worth $3,710,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in R. Nomura Asset Management Co. Ltd. raised its position in shares of Ryder System by 17.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,103 shares of the transportation company’s stock valued at $242,000 after acquiring an additional 314 shares during the period. Hsbc Holdings PLC increased its stake in 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 purchasing an additional 51,356 shares in the last quarter. Parallel Advisors LLC raised its holdings in Ryder System by 8.7% in the fourth quarter. Parallel Advisors LLC now owns 1,455 shares of the transportation company’s stock worth $167,000 after purchasing an additional 116 shares during the period. Treasurer of the State of North Carolina grew its holdings in shares of Ryder System by 5.6% in the 4th 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 buying an additional 1,101 shares during the period. Finally, Capstone Investment Advisors LLC bought a new position in Ryder System during the fourth quarter worth about $437,000. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on R shares. Morgan Stanley initiated coverage on Ryder System in a research note on Monday, June 24th. They issued an “overweight” rating and a $165.00 price target on the stock. StockNews.com lowered Ryder System from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 12th. Robert W. Baird upped their price target on Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Vertical Research raised shares of Ryder System from a “hold” rating to a “buy” rating and raised their price target for the stock from $125.00 to $145.00 in a research note on Friday, June 14th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating on the stock in a research 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. According to MarketBeat, Ryder System presently has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Insider Transactions at Ryder System

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were 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 of the company’s stock, valued at $6,656,570.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 5.10% of the company’s stock.

Ryder System Stock Performance

Shares of NYSE R opened at $145.44 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.09. The company has a market capitalization of $6.29 billion, a P/E ratio of 18.94 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 stock has a 50 day moving average of $138.08 and a 200-day moving average of $126.81.

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

Ryder System Increases Dividend

The company also recently disclosed 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 is a boost from Ryder System’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Monday, August 19th. This represents a $3.24 annualized dividend and a yield of 2.23%. Ryder System’s dividend payout ratio (DPR) 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.