Yousif Capital Management LLC Has $2.59 Million Stock Holdings in Ryder System, Inc. (NYSE:R)

Yousif Capital Management LLC trimmed its stake in shares of Ryder System, Inc. (NYSE:R) by 2.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 22,523 shares of the transportation company’s stock after selling 682 shares during the quarter. Yousif Capital Management LLC’s holdings in Ryder System were worth $2,591,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in Ryder System in the third quarter valued at $26,000. Contravisory Investment Management Inc. bought a new position in shares of Ryder System in the 4th quarter worth about $26,000. GAMMA Investing LLC acquired a new position in shares of Ryder System in the 4th quarter valued at about $45,000. CWM LLC lifted its stake in shares of Ryder System by 33.9% in the 3rd quarter. CWM LLC now owns 438 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 111 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in shares of Ryder System by 406.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 406 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

R has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Stephens boosted their target price on shares of Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group increased their target price on shares of Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Vertical Research downgraded shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a research note on Wednesday, January 10th. Finally, StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $126.83.

Ryder System Stock Performance

Shares of R stock opened at $123.11 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.22. The firm has a fifty day simple moving average of $115.35 and a two-hundred day simple moving average of $111.11. Ryder System, Inc. has a 12 month low of $77.60 and a 12 month high of $123.79. The firm has a market capitalization of $5.40 billion, a PE ratio of 16.03 and a beta of 1.40.

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, beating analysts’ consensus estimates of $1.71 by $0.43. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period last year, the company earned $2.81 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. 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. Stockholders of record on Tuesday, February 20th were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Friday, February 16th. Ryder System’s dividend payout ratio (DPR) is presently 36.98%.

Insider Activity

In other Ryder System news, insider Thomas M. Havens sold 8,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $119.40, for a total transaction of $955,200.00. Following the transaction, the insider now directly owns 24,401 shares in the company, valued at approximately $2,913,479.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Ryder System news, insider Thomas M. Havens sold 8,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $119.40, for a total value of $955,200.00. Following the completion of the sale, the insider now directly owns 24,401 shares of the company’s stock, valued at approximately $2,913,479.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Karen M. Jones sold 7,737 shares of Ryder System stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total transaction of $877,994.76. Following the transaction, the chief marketing officer now directly owns 12,396 shares in the company, valued at approximately $1,406,698.08. The disclosure for this sale can be found here. Insiders have sold 19,408 shares of company stock worth $2,270,631 over the last 90 days. 5.10% of the stock is currently owned by corporate insiders.

Ryder System 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.