Ryder System, Inc. (NYSE:R) Shares Sold by Ethic Inc.

Ethic Inc. reduced its stake in shares of Ryder System, Inc. (NYSE:R) by 61.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,013 shares of the transportation company’s stock after selling 6,501 shares during the quarter. Ethic Inc.’s holdings in Ryder System were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in R. Keystone Financial Group Inc. purchased a new position in shares of Ryder System during the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Ryder System during the fourth quarter valued at approximately $26,000. R Squared Ltd purchased a new position in shares of Ryder System during the fourth quarter valued at approximately $45,000. Principal Securities Inc. lifted its stake in shares of Ryder System by 36.5% during the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after buying an additional 92 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of Ryder System by 36.6% during the fourth quarter. UMB Bank n.a. now owns 362 shares of the transportation company’s stock valued at $57,000 after buying an additional 97 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. cut their price target on shares of Ryder System from $174.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Finally, Stephens cut their price target on shares of Ryder System from $168.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $160.50.

Ryder System Stock Performance

NYSE:R opened at $159.83 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The company has a market cap of $6.61 billion, a P/E ratio of 14.41 and a beta of 0.94. Ryder System, Inc. has a fifty-two week low of $116.58 and a fifty-two week high of $171.78. The firm’s 50 day moving average is $141.68 and its two-hundred day moving average is $154.05.

Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the business earned $2.14 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. Analysts expect that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 19th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Monday, May 19th. Ryder System’s payout ratio is currently 28.25%.

Insider Transactions at Ryder System

In related news, Director E Follin Smith sold 1,243 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $144.38, for a total transaction of $179,464.34. Following the completion of the sale, the director now directly owns 39,802 shares of the company’s stock, valued at approximately $5,746,612.76. This trade represents a 3.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.20% 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.