Federated Hermes Inc. Sells 2,835 Shares of Ryder System, Inc. (NYSE:R)

Federated Hermes Inc. decreased its position in shares of Ryder System, Inc. (NYSE:R) by 15.3% in the 4th quarter, HoldingsChannel reports. The fund owned 15,667 shares of the transportation company’s stock after selling 2,835 shares during the period. Federated Hermes Inc.’s holdings in Ryder System were worth $1,803,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in Ryder System during the third quarter worth $26,000. Contravisory Investment Management Inc. bought a new stake in Ryder System during the fourth quarter worth $26,000. CWM LLC grew its holdings in Ryder System by 33.9% during the third quarter. CWM LLC now owns 438 shares of the transportation company’s stock worth $47,000 after buying an additional 111 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Ryder System by 406.0% during the third quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock worth $54,000 after buying an additional 406 shares in the last quarter. Finally, Quent Capital LLC grew its holdings in Ryder System by 17.7% during the fourth quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock worth $86,000 after buying an additional 112 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on R shares. Robert W. Baird reiterated a “buy” rating and set a $140.00 price target on shares of Ryder System in a report on Wednesday, January 3rd. Wells Fargo & Company upped their price target on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. The Goldman Sachs Group boosted their price objective on Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Stephens upped their price target on Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th. Finally, Vertical Research cut Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research report on Wednesday, January 10th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Ryder System has a consensus rating of “Hold” and a consensus price target of $126.83.

Ryder System Stock Performance

Shares of R opened at $121.95 on Monday. The stock’s 50-day simple moving average is $115.04 and its 200 day simple moving average is $110.97. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 15.88 and a beta of 1.40. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.62 and a current ratio of 0.82. Ryder System, Inc. has a 52-week low of $76.15 and a 52-week high of $123.45.

Ryder System (NYSE:R) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) 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 return on equity of 18.38% and a net margin of 2.95%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.81 EPS. Research analysts forecast that Ryder System, Inc. will post 11.98 EPS for the current fiscal year.

Ryder System Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 20th were issued a dividend of $0.71 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.84 dividend on an annualized basis and a yield of 2.33%. Ryder System’s dividend payout ratio (DPR) is 36.98%.

Insider Buying and Selling

In related news, CMO Karen M. Jones sold 7,737 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total transaction of $877,994.76. Following the sale, the chief marketing officer now owns 12,396 shares of the company’s stock, valued at approximately $1,406,698.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.10% of the stock is currently owned by insiders.

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.