King Luther Capital Management Corp Sells 296 Shares of Ryder System, Inc. (NYSE:R)

King Luther Capital Management Corp lessened its stake in shares of Ryder System, Inc. (NYSE:R) by 10.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,611 shares of the transportation company’s stock after selling 296 shares during the quarter. King Luther Capital Management Corp’s holdings in Ryder System were worth $381,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of R. Caprock Group LLC acquired a new position in Ryder System in the third quarter valued at about $210,000. Quest Partners LLC acquired a new position in shares of Ryder System in the 3rd quarter worth approximately $550,000. Aljian Capital Management LLC bought a new stake in Ryder System during the 3rd quarter worth approximately $237,000. WIM INVESTMENT MANAGEMENT Ltd acquired a new stake in Ryder System during the 3rd quarter valued at $729,000. Finally, Natixis Advisors LLC raised its position in Ryder System by 15.2% in the 3rd quarter. Natixis Advisors LLC now owns 102,756 shares of the transportation company’s stock valued at $14,982,000 after purchasing an additional 13,586 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Stock Up 2.8 %

Shares of NYSE R opened at $165.67 on Friday. Ryder System, Inc. has a 1 year low of $105.09 and a 1 year high of $170.20. The firm’s 50-day moving average is $150.57 and its 200-day moving average is $136.50. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. The firm has a market capitalization of $7.01 billion, a PE ratio of 15.50 and a beta of 1.28.

Ryder System (NYSE:R) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.39 by $0.05. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the firm earned $3.58 earnings per share. Equities analysts expect that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s payout ratio is 30.31%.

Insiders Place Their Bets

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total value of $629,760.00. Following the sale, the insider now directly owns 20,504 shares in the company, valued at approximately $3,228,149.76. This trade represents a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on R shares. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lowered their price objective on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $140.57.

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.