Ryder System, Inc. (NYSE:R) Stake Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its position in Ryder System, Inc. (NYSE:R) by 6.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,394 shares of the transportation company’s stock after selling 1,701 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of Ryder System worth $3,411,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. EntryPoint Capital LLC bought a new stake in Ryder System in the first quarter worth about $25,000. Wolff Wiese Magana LLC purchased a new stake in shares of Ryder System in the third quarter worth approximately $28,000. Altshuler Shaham Ltd acquired a new stake in shares of Ryder System during the 2nd quarter valued at $29,000. UMB Bank n.a. grew its stake in Ryder System by 43.2% in the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 80 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Ryder System in the second quarter worth approximately $51,000. Institutional investors own 87.47% of the company’s stock.

Insiders Place Their Bets

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total transaction of $629,760.00. Following the transaction, the insider now directly owns 20,504 shares in the company, valued at approximately $3,228,149.76. This trade represents a 16.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on R. JPMorgan Chase & Co. decreased their target price on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Robert W. Baird boosted their price target on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $140.57.

Ryder System Trading Up 2.8 %

R opened at $165.72 on Friday. The company has a 50-day simple moving average of $150.57 and a 200 day simple moving average of $136.42. Ryder System, Inc. has a twelve month low of $105.09 and a twelve month high of $170.20. 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 capitalization of $7.01 billion, a price-to-earnings ratio of 15.50 and a beta of 1.28.

Ryder System (NYSE:R) last issued its earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share 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 analyst estimates of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $3.58 earnings per share. Analysts predict that Ryder System, Inc. will post 12.01 EPS for the current fiscal 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 given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s dividend payout ratio (DPR) is 30.31%.

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.