LSV Asset Management Decreases Position in Ryder System, Inc. (NYSE:R)

LSV Asset Management lowered its stake in shares of Ryder System, Inc. (NYSE:R) by 2.2% in the 1st quarter, HoldingsChannel reports. The firm owned 1,594,325 shares of the transportation company’s stock after selling 35,293 shares during the quarter. LSV Asset Management’s holdings in Ryder System were worth $191,622,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Texas Permanent School Fund Corp boosted its holdings in Ryder System by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 38,790 shares of the transportation company’s stock worth $4,662,000 after buying an additional 501 shares during the period. Capstone Investment Advisors LLC boosted its holdings in Ryder System by 8.3% in the 1st quarter. Capstone Investment Advisors LLC now owns 4,111 shares of the transportation company’s stock worth $494,000 after buying an additional 315 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Ryder System by 73.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,717 shares of the transportation company’s stock worth $567,000 after buying an additional 1,990 shares during the period. BNP Paribas Financial Markets boosted its holdings in Ryder System by 76.9% in the 1st quarter. BNP Paribas Financial Markets now owns 75,344 shares of the transportation company’s stock valued at $9,056,000 after purchasing an additional 32,754 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in Ryder System by 9.2% in the 1st quarter. Private Advisor Group LLC now owns 16,430 shares of the transportation company’s stock valued at $1,975,000 after purchasing an additional 1,388 shares during the period. 87.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, 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 sale, the director now owns 28,569 shares in the company, valued at $3,588,552.09. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, 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 sale, the director now owns 28,569 shares in the company, valued at $3,588,552.09. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Sanford J. Hodes sold 3,360 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $125.59, for a total transaction of $421,982.40. Following the completion of the sale, the senior vice president now owns 24,119 shares in the company, valued at approximately $3,029,105.21. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,800 shares of company stock worth $11,990,862. 5.10% of the stock is currently owned by company insiders.

Ryder System Stock Up 3.0 %

R traded up $3.78 during midday trading on Friday, reaching $128.75. The company’s stock had a trading volume of 358,732 shares, compared to its average volume of 259,809. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 16.27 and a beta of 1.29. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.22. Ryder System, Inc. has a 1 year low of $85.92 and a 1 year high of $130.32. The stock’s 50-day moving average is $122.45 and its 200-day moving average is $117.55.

Ryder System (NYSE:R) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.43. The business 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%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.81 earnings per share. As a group, research analysts expect that Ryder System, Inc. will post 12.27 EPS for the current year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Monday, May 20th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Friday, May 17th. Ryder System’s dividend payout ratio (DPR) is presently 36.98%.

Analyst Ratings Changes

Several research analysts have commented on R shares. Vertical Research raised shares of Ryder System from a “hold” rating to a “buy” rating and raised their price target for the company from $125.00 to $145.00 in a report on Friday, June 14th. The Goldman Sachs Group lifted their price objective on shares of Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. StockNews.com cut shares of Ryder System from a “strong-buy” rating to a “buy” rating in a research report on Friday. Stephens started coverage on shares of Ryder System in a research report on Monday. They issued an “equal weight” rating on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Ryder System currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.71.

Ryder System Company 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.