Harel Insurance Investments & Financial Services Ltd. Has $66,000 Stake in Ryder System, Inc. (NYSE:R)

Harel Insurance Investments & Financial Services Ltd. lowered its position in Ryder System, Inc. (NYSE:R) by 38.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 570 shares of the transportation company’s stock after selling 360 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Ryder System were worth $66,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC increased its stake in shares of Ryder System by 33.9% in the 3rd quarter. CWM LLC now owns 438 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 111 shares in the last quarter. Quent Capital LLC increased its stake 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 valued at $86,000 after acquiring an additional 112 shares in the last quarter. Buckley Wealth Management LLC increased its stake in shares of Ryder System by 1.1% in the 3rd quarter. Buckley Wealth Management LLC now owns 11,135 shares of the transportation company’s stock valued at $1,191,000 after acquiring an additional 120 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Ryder System by 1.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 13,644 shares of the transportation company’s stock valued at $1,030,000 after acquiring an additional 140 shares in the last quarter. Finally, Eqis Capital Management Inc. increased its stake in shares of Ryder System by 3.2% in the 1st quarter. Eqis Capital Management Inc. now owns 4,854 shares of the transportation company’s stock valued at $385,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Insider Buying and Selling at Ryder System

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total transaction of $877,994.76. Following the sale, the chief marketing officer now directly owns 12,396 shares of the company’s stock, valued at $1,406,698.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on R shares. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Saturday. Stephens boosted their price target on shares of Ryder System from $110.00 to $113.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. The Goldman Sachs Group restated a “buy” rating and set a $122.00 price target on shares of Ryder System in a research note on Thursday, February 15th. Vertical Research lowered shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a research note on Wednesday, January 10th. Finally, Wells Fargo & Company boosted their price target on shares of Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Ryder System presently has a consensus rating of “Hold” and an average target price of $120.00.

Ryder System Price Performance

Shares of NYSE:R opened at $111.77 on Wednesday. The company’s 50-day moving average is $114.91 and its 200 day moving average is $110.26. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $4.94 billion, a P/E ratio of 12.80 and a beta of 1.40. Ryder System, Inc. has a fifty-two week low of $76.15 and a fifty-two week high of $121.58.

Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, February 14th. The transportation company reported $2.95 EPS for the quarter, beating the consensus estimate of $2.75 by $0.20. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.98 billion. Ryder System had a net margin of 3.45% and a return on equity of 19.68%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.89 earnings per share. On average, equities research analysts forecast that Ryder System, Inc. will post 11.9 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.54%. The ex-dividend date was Friday, February 16th. Ryder System’s dividend payout ratio (DPR) is presently 32.53%.

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.