Private Advisor Group LLC Lowers Stake in Ryder System, Inc. (NYSE:R)

Private Advisor Group LLC lowered its stake in shares of Ryder System, Inc. (NYSE:R) by 10.8% in the third quarter, Holdings Channel reports. The institutional investor owned 14,940 shares of the transportation company’s stock after selling 1,805 shares during the period. Private Advisor Group LLC’s holdings in Ryder System were worth $2,178,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. EntryPoint Capital LLC acquired a new position in shares of Ryder System during the first quarter worth $25,000. Wolff Wiese Magana LLC acquired a new position in shares of Ryder System during the third quarter worth $28,000. Altshuler Shaham Ltd acquired a new position in shares of Ryder System during the second quarter worth $29,000. UMB Bank n.a. increased its position in shares of Ryder System by 43.2% during the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after purchasing an additional 80 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Ryder System during the second quarter worth $51,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Insider Transactions at Ryder System

In other news, EVP Francisco Jr. Lopez sold 12,730 shares of the company’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 completion of the transaction, the executive vice president now directly owns 47,779 shares of the company’s stock, valued at $6,656,570.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 5.10% of the company’s stock.

Wall Street Analyst Weigh In

R has been the topic of several research reports. Stephens initiated coverage on Ryder System in a research report on Monday, July 8th. They issued an “equal weight” rating on the stock. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird upped their target price on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. cut their target price on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.57.

Ryder System Price Performance

Shares of R opened at $145.11 on Wednesday. The business’s 50-day moving average is $143.23 and its two-hundred day moving average is $131.53. The company has a market capitalization of $6.36 billion, a P/E ratio of 18.89 and a beta of 1.28. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. Ryder System, Inc. has a fifty-two week low of $92.76 and a fifty-two week high of $154.76.

Ryder System (NYSE:R) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, topping the consensus estimate of $3.39 by $0.05. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $3.58 EPS. Research analysts predict that Ryder System, Inc. will post 12.06 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s dividend payout ratio is currently 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.