Ryder System, Inc. (NYSE:R) Position Lowered by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its position in Ryder System, Inc. (NYSE:R) by 75.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 41,227 shares of the transportation company’s stock after selling 129,355 shares during the period. Los Angeles Capital Management LLC’s holdings in Ryder System were worth $4,744,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of Ryder System in the 3rd quarter valued at approximately $26,000. Contravisory Investment Management Inc. acquired a new position in Ryder System in the fourth quarter worth $26,000. GAMMA Investing LLC bought a new stake in Ryder System during the fourth quarter valued at $45,000. Exchange Traded Concepts LLC raised its holdings in shares of Ryder System by 406.0% during the third quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock worth $54,000 after purchasing an additional 406 shares during the period. Finally, Quent Capital LLC lifted its position in shares of Ryder System by 17.7% in the 4th quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock worth $86,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Trading Down 0.0 %

NYSE:R opened at $124.66 on Monday. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 16.23 and a beta of 1.38. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.82 and a current ratio of 0.82. Ryder System, Inc. has a 1 year low of $77.60 and a 1 year high of $127.21. The business has a fifty day moving average of $116.30 and a 200-day moving average of $111.69.

Ryder System (NYSE:R) last released its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.71 by $0.43. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. Ryder System’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $2.81 EPS. Equities analysts predict that Ryder System, Inc. will post 11.98 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, June 21st. Shareholders of record on Monday, May 20th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.28%. Ryder System’s payout ratio is currently 36.98%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on R shares. Vertical Research downgraded shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research report on Wednesday, January 10th. StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. boosted their price objective on Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Wells Fargo & Company increased their target price on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Finally, Stephens raised their target price on Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $126.83.

Insider Transactions at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 8,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $119.40, for a total value of $955,200.00. Following the sale, the insider now directly owns 24,401 shares in the company, valued at $2,913,479.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Ryder System news, insider Thomas M. Havens sold 8,000 shares of Ryder System stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $119.40, for a total value of $955,200.00. Following the transaction, the insider now owns 24,401 shares in the company, valued at $2,913,479.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director E Follin Smith sold 3,671 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $119.16, for a total value of $437,436.36. Following the sale, the director now owns 38,413 shares of the company’s stock, valued at approximately $4,577,293.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,408 shares of company stock valued at $2,270,631. Corporate insiders own 5.10% of the company’s stock.

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.