Ryder System, Inc. (NYSE:R) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lowered its position in Ryder System, Inc. (NYSE:R) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,652 shares of the transportation company’s stock after selling 337 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Ryder System were worth $806,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Ryder System during the fourth quarter worth approximately $86,647,000. Franklin Resources Inc. increased its holdings in Ryder System by 1.3% in the 4th quarter. Franklin Resources Inc. now owns 107,710 shares of the transportation company’s stock valued at $12,393,000 after purchasing an additional 1,416 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Ryder System by 17.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,103 shares of the transportation company’s stock valued at $242,000 after purchasing an additional 314 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Ryder System by 449.3% during the fourth quarter. Hsbc Holdings PLC now owns 62,785 shares of the transportation company’s stock worth $7,199,000 after purchasing an additional 51,356 shares in the last quarter. Finally, Hilltop Holdings Inc. boosted its position in shares of Ryder System by 5.6% in the fourth quarter. Hilltop Holdings Inc. now owns 7,095 shares of the transportation company’s stock worth $816,000 after buying an additional 379 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Vertical Research raised Ryder System from a “hold” rating to a “buy” rating and boosted their price target for the stock from $125.00 to $145.00 in a research report on Friday, June 14th. Stephens initiated coverage on shares of Ryder System in a research note on Monday, July 8th. They issued an “equal weight” rating for the company. JPMorgan Chase & Co. dropped their price target on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. StockNews.com cut shares of Ryder System from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 12th. Finally, Robert W. Baird boosted their price target on Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Insider Buying and Selling at Ryder System

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of the firm’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 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 5.10% of the stock is currently owned by insiders.

Ryder System Trading Up 3.3 %

NYSE:R opened at $147.87 on Friday. The company has a market cap of $6.48 billion, a PE ratio of 19.10 and a beta of 1.28. The business’s 50 day moving average is $135.90 and its two-hundred day moving average is $125.29. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09. Ryder System, Inc. has a 52 week low of $91.31 and a 52 week high of $148.10.

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

Ryder System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Monday, August 19th will be issued a $0.81 dividend. The ex-dividend date is Monday, August 19th. This represents a $3.24 dividend on an annualized basis and a yield of 2.19%. This is a boost from Ryder System’s previous quarterly dividend of $0.71. Ryder System’s dividend payout ratio (DPR) 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.