PNC Financial Services Group Inc. Sells 284 Shares of Ryder System, Inc. (NYSE:R)

PNC Financial Services Group Inc. decreased its position in Ryder System, Inc. (NYSE:RFree Report) by 11.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,282 shares of the transportation company’s stock after selling 284 shares during the period. PNC Financial Services Group Inc.’s holdings in Ryder System were worth $263,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in R. Contravisory Investment Management Inc. purchased a new stake in Ryder System during the 4th quarter valued at $26,000. Headlands Technologies LLC purchased a new stake in shares of Ryder System during the third quarter worth about $26,000. GAMMA Investing LLC bought a new stake in shares of Ryder System in the fourth quarter worth about $45,000. Quent Capital LLC increased its holdings in Ryder System by 17.7% during the 4th quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock valued at $86,000 after purchasing an additional 112 shares during the period. Finally, Gladius Capital Management LP bought a new position in Ryder System during the 4th quarter valued at approximately $102,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on R shares. Stephens boosted 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. Wells Fargo & Company upped their price objective on shares of Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. lifted their target price on shares of Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group increased their price target on shares of Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a research report 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 stock. According to MarketBeat, Ryder System presently has a consensus rating of “Hold” and an average price target of $126.83.

Get Our Latest Report on Ryder System

Ryder System Stock Down 0.5 %

R stock opened at $120.24 on Friday. The business has a 50 day moving average of $120.58 and a 200 day moving average of $115.40. The firm has a market cap of $5.27 billion, a PE ratio of 15.66 and a beta of 1.32. Ryder System, Inc. has a twelve month low of $80.33 and a twelve month high of $128.85. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.22.

Ryder System (NYSE:RGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.43. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.06 billion. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the company earned $2.81 earnings per share. On average, research analysts forecast that Ryder System, Inc. will post 12.1 EPS 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 issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Friday, May 17th. Ryder System’s payout ratio is 36.98%.

Insider Activity at Ryder System

In other news, Director E Follin Smith sold 3,671 shares of the business’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director E Follin Smith sold 3,671 shares of Ryder System stock in a transaction that occurred 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 completion of the sale, the director now directly owns 38,413 shares in the company, valued at $4,577,293.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Luis P. Nieto, Jr. sold 1,443 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $125.61, for a total transaction of $181,255.23. Following the transaction, the director now owns 28,569 shares in the company, valued at approximately $3,588,552.09. The disclosure for this sale can be found here. Insiders sold 95,800 shares of company stock valued at $11,990,862 over the last 90 days. Corporate insiders own 5.10% of the company’s stock.

Ryder System Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ryder System (NYSE:R)

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