Oppenheimer Asset Management Inc. Sells 227 Shares of Ryder System, Inc. (NYSE:R)

Oppenheimer Asset Management Inc. trimmed its position in shares of Ryder System, Inc. (NYSE:R) by 2.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,858 shares of the transportation company’s stock after selling 227 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Ryder System were worth $1,583,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of R. Sigma Planning Corp purchased a new stake in Ryder System in the 3rd quarter worth approximately $208,000. Atria Investments Inc boosted its holdings in Ryder System by 3.5% in the third quarter. Atria Investments Inc now owns 3,759 shares of the transportation company’s stock valued at $548,000 after acquiring an additional 126 shares in the last quarter. AIA Group Ltd increased its position in Ryder System by 37.5% during the 3rd quarter. AIA Group Ltd now owns 3,888 shares of the transportation company’s stock valued at $567,000 after purchasing an additional 1,060 shares during the period. QRG Capital Management Inc. raised its holdings in Ryder System by 6.1% in the 3rd quarter. QRG Capital Management Inc. now owns 18,360 shares of the transportation company’s stock worth $2,677,000 after purchasing an additional 1,063 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Ryder System by 83.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 9,260 shares of the transportation company’s stock worth $1,350,000 after purchasing an additional 4,200 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total transaction of $629,760.00. Following the completion of the sale, the insider now directly owns 20,504 shares in the company, valued at approximately $3,228,149.76. The trade was a 16.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.10% of the stock is currently owned by insiders.

Ryder System Stock Performance

Shares of R stock opened at $162.41 on Monday. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 15.19 and a beta of 1.28. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. Ryder System, Inc. has a one year low of $104.44 and a one year high of $170.20. The company’s 50-day moving average is $147.88 and its 200 day moving average is $135.30.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the prior year, the company posted $3.58 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. Sell-side analysts expect that Ryder System, Inc. will post 12.01 EPS for the current fiscal year.

Ryder System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s payout ratio is currently 30.31%.

Analysts Set New Price Targets

A number of research firms recently issued reports on R. 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 research note on Friday, October 25th. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, Robert W. Baird upped their target price on shares of Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Ryder System has a consensus rating of “Moderate Buy” and a consensus target price 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.