Investors Research Corp Lowers Holdings in Ryder System, Inc. (NYSE:R)

Investors Research Corp reduced its stake in Ryder System, Inc. (NYSE:R) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,650 shares of the transportation company’s stock after selling 350 shares during the quarter. Investors Research Corp’s holdings in Ryder System were worth $1,115,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Ryder System by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 398,837 shares of the transportation company’s stock valued at $58,150,000 after purchasing an additional 1,946 shares during the period. Thompson Siegel & Walmsley LLC acquired a new position in shares of Ryder System in the third quarter valued at approximately $4,243,000. Caprock Group LLC acquired a new stake in shares of Ryder System during the third quarter worth $210,000. Quest Partners LLC purchased a new stake in Ryder System in the 3rd quarter valued at about $550,000. Finally, Aljian Capital Management LLC acquired a new stake in shares of Ryder System in the third quarter worth approximately $237,000. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Robert W. Baird raised their price objective on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. cut their price objective on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $140.57.

Insider Buying and Selling

In related news, insider Thomas M. Havens sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was 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 of the company’s stock, valued at $3,228,149.76. This represents a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.10% of the stock is owned by insiders.

Ryder System Trading Up 0.4 %

Shares of NYSE:R traded up $0.59 during mid-day trading on Thursday, hitting $160.47. The company had a trading volume of 11,631 shares, compared to its average volume of 262,934. The company has a market capitalization of $6.79 billion, a PE ratio of 14.96 and a beta of 1.28. The firm has a fifty day moving average price of $149.51 and a 200 day moving average price of $135.97. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. Ryder System, Inc. has a one year low of $105.09 and a one year high of $170.20.

Ryder System (NYSE:R) last released its earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, beating analysts’ consensus estimates of $3.39 by $0.05. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.58 EPS. As a group, research analysts forecast that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.02%. Ryder System’s dividend payout ratio is currently 30.31%.

About Ryder System

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.