Ryder System, Inc. (NYSE:R) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its holdings in shares of Ryder System, Inc. (NYSE:R) by 14.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,204 shares of the transportation company’s stock after selling 1,428 shares during the quarter. Vontobel Holding Ltd.’s holdings in Ryder System were worth $1,196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of R. Vanguard Group Inc. lifted its position in shares of Ryder System by 2.1% during the first quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation company’s stock worth $627,800,000 after purchasing an additional 109,930 shares during the last quarter. Millennium Management LLC lifted its holdings in Ryder System by 1,915.0% during the 2nd quarter. Millennium Management LLC now owns 103,935 shares of the transportation company’s stock worth $12,875,000 after buying an additional 98,777 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Ryder System by 242.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 92,666 shares of the transportation company’s stock worth $11,138,000 after acquiring an additional 65,609 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of Ryder System by 3.4% in the 2nd quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company’s stock valued at $237,298,000 after acquiring an additional 62,815 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Ryder System by 13.5% during the 2nd quarter. Victory Capital Management Inc. now owns 460,134 shares of the transportation company’s stock valued at $57,001,000 after acquiring an additional 54,605 shares in the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ryder System

In other news, EVP Francisco Jr. Lopez sold 12,730 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $139.32, for a total value of $1,773,543.60. Following the sale, the executive vice president now owns 47,779 shares of the company’s stock, valued at approximately $6,656,570.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on R. JPMorgan Chase & Co. lowered their target price on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Morgan Stanley assumed coverage on shares of Ryder System in a research note on Monday, June 24th. They set an “overweight” rating and a $165.00 price objective on the stock. Robert W. Baird lifted their target price on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Stephens began coverage on Ryder System in a research report on Monday, July 8th. They set an “equal weight” rating on the stock. Finally, StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ryder System currently has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Ryder System Stock Down 0.5 %

R opened at $149.08 on Friday. The stock’s 50 day moving average price is $142.17 and its 200 day moving average price is $130.19. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market cap of $6.45 billion, a P/E ratio of 13.65 and a beta of 1.28. Ryder System, Inc. has a 12 month low of $91.31 and a 12 month high of $154.76.

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 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 company’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.61 earnings per share. As a group, research analysts predict that Ryder System, Inc. will post 12.2 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s dividend payout ratio (DPR) is presently 29.67%.

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.