Mutual of America Capital Management LLC Sells 2,191 Shares of Ryder System, Inc. (NYSE:R)

Mutual of America Capital Management LLC cut its holdings in Ryder System, Inc. (NYSE:R) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,478 shares of the transportation company’s stock after selling 2,191 shares during the period. Mutual of America Capital Management LLC’s holdings in Ryder System were worth $3,162,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of R. JPMorgan Chase & Co. boosted its holdings in Ryder System by 13.6% during the first quarter. JPMorgan Chase & Co. now owns 193,131 shares of the transportation company’s stock valued at $15,322,000 after acquiring an additional 23,111 shares during the period. Cetera Advisor Networks LLC bought a new stake in Ryder System during the first quarter valued at about $290,000. MetLife Investment Management LLC boosted its holdings in Ryder System by 33.3% during the first quarter. MetLife Investment Management LLC now owns 34,694 shares of the transportation company’s stock valued at $2,752,000 after acquiring an additional 8,674 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Ryder System by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,678 shares of the transportation company’s stock valued at $1,561,000 after acquiring an additional 1,876 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in Ryder System by 12.5% during the first quarter. Great West Life Assurance Co. Can now owns 32,930 shares of the transportation company’s stock valued at $2,691,000 after acquiring an additional 3,652 shares during the period. 87.47% of the stock is currently owned by institutional investors.

Insider Transactions at Ryder System

In other news, CMO Karen M. Jones sold 7,737 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total transaction of $877,994.76. Following the completion of the sale, the chief marketing officer now owns 12,396 shares of the company’s stock, valued at $1,406,698.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 5.10% of the company’s stock.

Ryder System Stock Performance

NYSE:R opened at $108.77 on Thursday. Ryder System, Inc. has a 12-month low of $76.15 and a 12-month high of $121.58. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $4.81 billion, a PE ratio of 12.46 and a beta of 1.40. The firm has a 50-day moving average price of $114.75 and a 200 day moving average price of $110.25.

Ryder System (NYSE:R) last posted its quarterly earnings results on Wednesday, February 14th. The transportation company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.20. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.98 billion. Ryder System had a net margin of 3.45% and a return on equity of 19.68%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.89 earnings per share. Research analysts anticipate that Ryder System, Inc. will post 11.9 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Friday, February 16th. Ryder System’s payout ratio is 32.53%.

Analyst Upgrades and Downgrades

R has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Vertical Research lowered shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research report on Wednesday, January 10th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $122.00 price objective on shares of Ryder System in a research report on Thursday, February 15th. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ryder System from $117.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $120.00.

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.