Ryder System, Inc. (NYSE:R) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its holdings in Ryder System, Inc. (NYSE:R) by 19.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,166 shares of the transportation company’s stock after selling 977 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ryder System were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of R. Moneta Group Investment Advisors LLC raised its holdings in Ryder System by 115,284.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,378,461 shares of the transportation company’s stock worth $282,338,000 after buying an additional 3,375,533 shares during the period. Norges Bank acquired a new position in shares of Ryder System in the 4th quarter valued at about $61,907,000. Envestnet Asset Management Inc. increased its holdings in shares of Ryder System by 1,077.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 578,044 shares of the transportation company’s stock valued at $3,601,000 after purchasing an additional 528,961 shares during the period. AQR Capital Management LLC increased its holdings in shares of Ryder System by 1,617.3% in the 1st quarter. AQR Capital Management LLC now owns 474,832 shares of the transportation company’s stock valued at $41,676,000 after purchasing an additional 447,182 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Ryder System by 7.9% in the 1st quarter. Vanguard Group Inc. now owns 5,735,585 shares of the transportation company’s stock valued at $455,004,000 after purchasing an additional 421,132 shares during the period. 83.62% of the stock is owned by institutional investors and hedge funds.

Ryder System Stock Performance

Ryder System stock opened at $97.54 on Thursday. The stock has a 50-day simple moving average of $100.78 and a 200 day simple moving average of $91.76. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 1.53. Ryder System, Inc. has a 12-month low of $76.15 and a 12-month high of $107.90. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 9.57 and a beta of 1.53.

Ryder System (NYSE:R) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $3.58 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.20. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Ryder System had a return on equity of 21.80% and a net margin of 4.12%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $4.45 EPS. On average, research analysts anticipate that Ryder System, Inc. will post 12.62 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $2.84 annualized dividend and a yield of 2.91%. Ryder System’s dividend payout ratio is currently 27.87%.

Insiders Place Their Bets

In other news, CMO Karen M. Jones sold 900 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $102.13, for a total transaction of $91,917.00. Following the completion of the transaction, the chief marketing officer now directly owns 5,814 shares in the company, valued at approximately $593,783.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CMO Karen M. Jones sold 900 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $102.13, for a total transaction of $91,917.00. Following the completion of the transaction, the chief marketing officer now directly owns 5,814 shares in the company, valued at approximately $593,783.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Karen M. Jones sold 2,545 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $102.00, for a total value of $259,590.00. Following the transaction, the chief marketing officer now owns 9,667 shares of the company’s stock, valued at $986,034. The disclosure for this sale can be found here. In the last three months, insiders sold 53,244 shares of company stock valued at $5,369,450. 4.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Robert W. Baird upgraded Ryder System from a “neutral” rating to an “outperform” rating in a report on Monday, July 31st. Wells Fargo & Company raised their price objective on shares of Ryder System from $80.00 to $100.00 in a research note on Thursday, July 27th. JPMorgan Chase & Co. lifted their price target on shares of Ryder System from $113.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 11th. Stephens cut their price objective on Ryder System from $105.00 to $102.00 and set an “equal weight” rating for the company in a report on Friday, October 27th. Finally, StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $107.17.

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.