Ryder System, Inc. (NYSE:R) Holdings Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in Ryder System, Inc. (NYSE:R) by 31.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 100,164 shares of the transportation company’s stock after selling 45,734 shares during the quarter. Principal Financial Group Inc.’s holdings in Ryder System were worth $14,604,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. DGS Capital Management LLC acquired a new stake in shares of Ryder System during the 3rd quarter valued at $208,000. Franklin Resources Inc. raised its position in shares of Ryder System by 14.3% during the third quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company’s stock worth $20,724,000 after purchasing an additional 17,074 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Ryder System during the third quarter valued at $34,000. Sanctuary Advisors LLC boosted its position in shares of Ryder System by 1.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 7,826 shares of the transportation company’s stock valued at $1,141,000 after purchasing an additional 131 shares during the period. Finally, TD Private Client Wealth LLC increased its stake in Ryder System by 18.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,056 shares of the transportation company’s stock worth $154,000 after purchasing an additional 163 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the completion of the sale, the insider now owns 20,504 shares of the company’s stock, valued at $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.10% of the company’s stock.

Ryder System Trading Down 0.4 %

Ryder System stock opened at $159.33 on Friday. Ryder System, Inc. has a 12 month low of $106.62 and a 12 month high of $171.78. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. The stock has a market cap of $6.74 billion, a P/E ratio of 14.90 and a beta of 1.30. The company’s fifty day simple moving average is $158.99 and its 200-day simple moving average is $143.60.

Ryder System (NYSE:R) last issued its earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, beating analysts’ consensus estimates of $3.39 by $0.05. The firm 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 business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.58 earnings per share. As a group, sell-side analysts forecast that Ryder System, Inc. will post 12.01 EPS for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, November 18th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Monday, November 18th. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on R. JPMorgan Chase & Co. dropped their target price on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. The Goldman Sachs Group lifted their price objective on shares of Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $147.43.

About Ryder System

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.