Squarepoint Ops LLC Sells 31,121 Shares of Ryder System, Inc. (NYSE:R)

Squarepoint Ops LLC lessened its position in shares of Ryder System, Inc. (NYSE:R) by 50.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 30,407 shares of the transportation company’s stock after selling 31,121 shares during the quarter. Squarepoint Ops LLC owned approximately 0.07% of Ryder System worth $3,767,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Ryder System by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation company’s stock worth $627,800,000 after acquiring an additional 109,930 shares in the last quarter. Wellington Management Group LLP increased its holdings in Ryder System by 34.9% in the fourth quarter. Wellington Management Group LLP now owns 3,442,545 shares of the transportation company’s stock worth $396,099,000 after purchasing an additional 890,986 shares in the last quarter. Earnest Partners LLC lifted its stake in Ryder System by 2.4% in the first quarter. Earnest Partners LLC now owns 1,852,729 shares of the transportation company’s stock valued at $222,679,000 after buying an additional 43,592 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Ryder System by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company’s stock worth $213,345,000 after buying an additional 31,550 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Ryder System by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 890,877 shares of the transportation company’s stock worth $110,362,000 after buying an additional 17,009 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Insider Buying and Selling

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $139.32, for a total value of $1,773,543.60. Following the transaction, the executive vice president now directly owns 47,779 shares of the company’s stock, valued at approximately $6,656,570.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on R shares. Stephens began coverage on shares of Ryder System in a research note on Monday, July 8th. They set an “equal weight” rating on the stock. Vertical Research upgraded Ryder System from a “hold” rating to a “buy” rating and raised their target price for the company from $125.00 to $145.00 in a research note on Friday, June 14th. Robert W. Baird boosted 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. JPMorgan Chase & Co. cut their price target on Ryder System from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Finally, Morgan Stanley initiated coverage on Ryder System in a report on Monday, June 24th. They set an “overweight” rating and a $165.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Ryder System has an average rating of “Moderate Buy” and an average target price of $137.86.

Ryder System Stock Down 1.1 %

Shares of NYSE:R opened at $144.20 on Wednesday. The business’s 50 day moving average is $138.54 and its 200 day moving average is $127.45. Ryder System, Inc. has a 12-month low of $91.31 and a 12-month high of $150.00. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 18.78 and a beta of 1.28. 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 (NYSE:R) last posted its earnings results 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 net margin of 4.06% and a return on equity of 17.22%. The firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the prior year, the business posted $3.61 EPS. The business’s revenue was up 10.3% compared to the same quarter last year. On average, sell-side analysts forecast that Ryder System, Inc. will post 12.19 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Monday, August 19th were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.25%. This is an increase from Ryder System’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Monday, August 19th. Ryder System’s dividend payout ratio (DPR) is presently 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.