Ryder System, Inc. (NYSE:R) Shares Sold by WBI Investments LLC

WBI Investments LLC trimmed its holdings in shares of Ryder System, Inc. (NYSE:R) by 16.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,406 shares of the transportation company’s stock after selling 466 shares during the period. WBI Investments LLC’s holdings in Ryder System were worth $377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Wealthfront Advisers LLC purchased a new stake in Ryder System in the fourth quarter valued at $314,075,000. Earnest Partners LLC increased its position in shares of Ryder System by 2.4% during the fourth quarter. Earnest Partners LLC now owns 1,905,223 shares of the transportation company’s stock worth $298,853,000 after purchasing an additional 45,393 shares in the last quarter. Sei Investments Co. increased its position in shares of Ryder System by 1.6% during the fourth quarter. Sei Investments Co. now owns 856,507 shares of the transportation company’s stock worth $134,351,000 after purchasing an additional 13,529 shares in the last quarter. American Century Companies Inc. increased its position in shares of Ryder System by 0.3% during the fourth quarter. American Century Companies Inc. now owns 843,895 shares of the transportation company’s stock worth $132,373,000 after purchasing an additional 2,121 shares in the last quarter. Finally, FMR LLC increased its position in shares of Ryder System by 3.1% during the fourth quarter. FMR LLC now owns 805,571 shares of the transportation company’s stock worth $126,362,000 after purchasing an additional 24,052 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on R. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. JPMorgan Chase & Co. cut their target price on Ryder System from $174.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Finally, Stephens cut their target price on Ryder System from $168.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Ryder System has an average rating of “Moderate Buy” and a consensus price target of $160.50.

Ryder System Stock Performance

NYSE R opened at $156.48 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System, Inc. has a 52-week low of $116.58 and a 52-week high of $171.78. The business’s 50-day moving average price is $142.34 and its 200 day moving average price is $154.39. The firm has a market cap of $6.47 billion, a P/E ratio of 14.11 and a beta of 0.94.

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

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 19th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Monday, May 19th. Ryder System’s dividend payout ratio is presently 28.25%.

Insider Buying and Selling at Ryder System

In other Ryder System news, Director E Follin Smith sold 1,243 shares of Ryder System stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $144.38, for a total value of $179,464.34. Following the sale, the director now owns 39,802 shares of the company’s stock, valued at approximately $5,746,612.76. The trade was a 3.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is owned by corporate insiders.

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.