Ryder System, Inc. (NYSE:R) Stock Position Reduced by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its position in shares of Ryder System, Inc. (NYSE:R) by 12.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,529 shares of the transportation company’s stock after selling 5,667 shares during the period. New York State Common Retirement Fund owned about 0.09% of Ryder System worth $4,548,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Contravisory Investment Management Inc. bought a new position in Ryder System during the 4th quarter worth approximately $26,000. Headlands Technologies LLC bought a new stake in shares of Ryder System in the 3rd quarter worth approximately $26,000. Exchange Traded Concepts LLC lifted its holdings in shares of Ryder System by 406.0% in the 3rd 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 last quarter. Quent Capital LLC lifted its holdings 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 purchasing an additional 112 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of Ryder System by 110.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,789 shares of the transportation company’s stock worth $191,000 after purchasing an additional 939 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

Insider Activity

In related news, CMO Karen M. Jones sold 7,737 shares of Ryder System stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the transaction, the chief marketing officer now directly owns 12,396 shares in the company, valued at approximately $1,406,698.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CMO Karen M. Jones sold 7,737 shares of Ryder System stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the transaction, the chief marketing officer now directly owns 12,396 shares in the company, valued at approximately $1,406,698.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director E Follin Smith sold 3,671 shares of Ryder System stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $119.16, for a total value of $437,436.36. Following the completion of the transaction, the director now owns 38,413 shares in the company, valued at $4,577,293.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,408 shares of company stock worth $2,270,631. 5.10% of the stock is owned by company insiders.

Ryder System Stock Down 0.0 %

Shares of R stock opened at $124.66 on Friday. Ryder System, Inc. has a 1 year low of $77.60 and a 1 year high of $127.21. The stock has a market cap of $5.46 billion, a PE ratio of 16.23 and a beta of 1.38. The business’s fifty day moving average is $116.30 and its 200-day moving average is $111.57. 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 (NYSE:R) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.43. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same period last year, the firm earned $2.81 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts expect that Ryder System, Inc. will post 11.98 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Monday, May 20th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.28%. Ryder System’s dividend payout ratio (DPR) is presently 36.98%.

Analyst Upgrades and Downgrades

R has been the topic of several recent research reports. Wells Fargo & Company raised their price target on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. The Goldman Sachs Group raised their price target on Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. raised their price target on Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Vertical Research downgraded Ryder System from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research note on Wednesday, January 10th. Finally, StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Ryder System presently has an average rating of “Hold” and an average price target of $126.83.

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.