Private Advisor Group LLC Reduces Stake in Ryder System, Inc. (NYSE:R)

Private Advisor Group LLC reduced its position in Ryder System, Inc. (NYSE:R) by 10.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,940 shares of the transportation company’s stock after selling 1,805 shares during the period. Private Advisor Group LLC’s holdings in Ryder System were worth $2,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of R. Allspring Global Investments Holdings LLC boosted its stake in shares of Ryder System by 120.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,437 shares of the transportation company’s stock worth $413,000 after buying an additional 1,880 shares during the last quarter. State of Michigan Retirement System lifted its position in Ryder System by 2.8% during the first quarter. State of Michigan Retirement System now owns 10,930 shares of the transportation company’s stock valued at $1,314,000 after purchasing an additional 300 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Ryder System by 8.9% during the first quarter. Commonwealth Equity Services LLC now owns 13,554 shares of the transportation company’s stock valued at $1,629,000 after purchasing an additional 1,107 shares in the last quarter. Retirement Systems of Alabama lifted its position in Ryder System by 0.3% during the first quarter. Retirement Systems of Alabama now owns 55,658 shares of the transportation company’s stock valued at $6,690,000 after purchasing an additional 146 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Ryder System by 76.9% during the first quarter. BNP Paribas Financial Markets now owns 75,344 shares of the transportation company’s stock valued at $9,056,000 after purchasing an additional 32,754 shares in the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Trading Up 0.5 %

Shares of NYSE R opened at $145.11 on Wednesday. The business’s 50 day moving average is $143.23 and its two-hundred day moving average is $131.53. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. Ryder System, Inc. has a 1-year low of $92.76 and a 1-year high of $154.76. The stock has a market capitalization of $6.36 billion, a P/E ratio of 18.89 and a beta of 1.28.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, topping the consensus estimate of $3.39 by $0.05. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the previous year, the firm posted $3.58 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, research analysts expect that Ryder System, Inc. will post 12.06 EPS for the current year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be given a dividend of $0.81 per share. The ex-dividend date is Monday, November 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.23%. Ryder System’s dividend payout ratio (DPR) is presently 42.19%.

Wall Street Analyst Weigh In

R has been the topic of several analyst reports. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered their price objective on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Stephens initiated coverage on Ryder System in a research report on Monday, July 8th. They issued an “equal weight” rating on the stock. Finally, Robert W. Baird boosted their price objective on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $140.57.

Insider Buying and Selling at Ryder System

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of the business’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 completion of the sale, the executive vice president now owns 47,779 shares in the company, valued at approximately $6,656,570.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.10% of the company’s stock.

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.