Ryder System, Inc. (NYSE:R) Stock Position Lowered by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its position in shares of Ryder System, Inc. (NYSE:R) by 4.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,108 shares of the transportation company’s stock after selling 1,791 shares during the quarter. The Manufacturers Life Insurance Company owned 0.09% of Ryder System worth $5,265,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers grew its position in Ryder System by 405.3% in the first quarter. Cetera Investment Advisers now owns 16,291 shares of the transportation company’s stock worth $1,958,000 after buying an additional 13,067 shares during the last quarter. GAMMA Investing LLC raised its holdings in Ryder System by 44.0% during the 2nd quarter. GAMMA Investing LLC now owns 589 shares of the transportation company’s stock worth $73,000 after buying an additional 180 shares during the period. CWM LLC boosted its holdings in shares of Ryder System by 17.9% in the second quarter. CWM LLC now owns 758 shares of the transportation company’s stock worth $94,000 after buying an additional 115 shares during the period. QRG Capital Management Inc. increased its position in shares of Ryder System by 5.5% in the second quarter. QRG Capital Management Inc. now owns 17,297 shares of the transportation company’s stock worth $2,143,000 after acquiring an additional 898 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Ryder System by 5.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 5,255 shares of the transportation company’s stock valued at $651,000 after acquiring an additional 280 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Stock Performance

Shares of R opened at $164.62 on Friday. The stock has a 50 day moving average of $154.23 and a 200 day moving average of $138.85. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 15.56 and a beta of 1.30. Ryder System, Inc. has a 12 month low of $105.09 and a 12 month high of $171.78. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17.

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, topping analysts’ consensus estimates of $3.39 by $0.05. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter last year, the business earned $3.58 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, sell-side analysts forecast that Ryder System, Inc. will post 12.01 earnings per share for the current year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be issued a dividend of $0.81 per share. The ex-dividend date is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a yield of 1.97%. Ryder System’s dividend payout ratio is currently 30.31%.

Insider Buying and Selling at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total value of $629,760.00. Following the completion of the transaction, the insider now directly owns 20,504 shares of the company’s stock, valued at approximately $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 accessible through this link. 5.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

R has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, October 25th. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.57.

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.