Thrivent Financial for Lutherans Sells 165 Shares of Ryder System, Inc. (NYSE:R)

Thrivent Financial for Lutherans cut its holdings in shares of Ryder System, Inc. (NYSE:R – Get Rating) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,479 shares of the transportation company’s stock after selling 165 shares during the period. Thrivent Financial for Lutherans’ holdings in Ryder System were worth $1,126,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Romano Brothers AND Company purchased a new stake in Ryder System during the fourth quarter valued at approximately $25,000. C M Bidwell & Associates Ltd. lifted its position in Ryder System by 3,250.0% during the third quarter. C M Bidwell & Associates Ltd. now owns 1,005 shares of the transportation company’s stock valued at $76,000 after acquiring an additional 975 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Ryder System in the third quarter worth $91,000. Point72 Hong Kong Ltd purchased a new position in shares of Ryder System in the second quarter worth $122,000. Finally, IFP Advisors Inc raised its holdings in shares of Ryder System by 22.0% in the third quarter. IFP Advisors Inc now owns 2,014 shares of the transportation company’s stock worth $141,000 after buying an additional 363 shares during the last quarter. Hedge funds and other institutional investors own 83.69% of the company’s stock.

Ryder System Price Performance

Shares of R stock opened at $80.41 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.60 and a quick ratio of 0.58. The firm’s 50-day moving average is $83.66 and its two-hundred day moving average is $88.30. Ryder System, Inc. has a 12 month low of $65.69 and a 12 month high of $102.36. The company has a market capitalization of $3.74 billion, a PE ratio of 4.83 and a beta of 1.56.

Ryder System (NYSE:R – Get Rating) last issued its earnings results on Wednesday, April 26th. The transportation company reported $2.81 EPS for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.15). Ryder System had a return on equity of 26.40% and a net margin of 6.86%. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the firm earned $3.59 earnings per share. Ryder System’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts predict that Ryder System, Inc. will post 11.8 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Monday, May 22nd will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Friday, May 19th. Ryder System’s dividend payout ratio (DPR) is 14.90%.

Ryder System declared that its Board of Directors has authorized a share repurchase plan on Wednesday, February 15th that allows the company to repurchase 2,000,000 shares. This repurchase authorization allows the transportation company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms have issued reports on R. Wells Fargo & Company decreased their price target on shares of Ryder System from $100.00 to $80.00 in a report on Thursday, April 27th. Stephens raised their price target on shares of Ryder System from $91.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, February 16th. Stifel Nicolaus decreased their price target on shares of Ryder System from $107.00 to $105.00 in a report on Thursday, April 27th. Robert W. Baird raised their target price on shares of Ryder System from $93.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, February 16th. Finally, StockNews.com began coverage on shares of Ryder System in a report on Thursday, May 18th. They set a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $99.00.

Insider Activity

In other news, Director Luis P. Nieto, Jr. sold 2,112 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $83.29, for a total value of $175,908.48. Following the sale, the director now directly owns 27,779 shares of the company’s stock, valued at approximately $2,313,712.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director E Follin Smith sold 1,044 shares of Ryder System stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $82.47, for a total value of $86,098.68. Following the completion of the transaction, the director now owns 41,184 shares in the company, valued at $3,396,444.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Luis P. Nieto, Jr. sold 2,112 shares of Ryder System stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $83.29, for a total transaction of $175,908.48. Following the completion of the transaction, the director now owns 27,779 shares of the company’s stock, valued at approximately $2,313,712.91. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Ryder System Profile

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Ryder System, Inc is a logistics and transportation company, which engages in providing supply chain, dedicated transportation, and fleet management solutions. It operates through the following business segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS).