California Public Employees Retirement System Sells 10,698 Shares of Ryder System, Inc. (NYSE:R)

California Public Employees Retirement System decreased its position in shares of Ryder System, Inc. (NYSE:R) by 10.5% during the fourth quarter, HoldingsChannel reports. The firm owned 91,571 shares of the transportation company’s stock after selling 10,698 shares during the period. California Public Employees Retirement System’s holdings in Ryder System were worth $10,536,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in R. Headlands Technologies LLC purchased a new position in shares of Ryder System in the 3rd quarter valued at approximately $26,000. Contravisory Investment Management Inc. purchased a new stake in Ryder System during the 4th quarter valued at $26,000. CWM LLC lifted its holdings in shares of Ryder System by 33.9% during the 3rd quarter. CWM LLC now owns 438 shares of the transportation company’s stock valued at $47,000 after buying an additional 111 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Ryder System by 406.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock worth $54,000 after buying an additional 406 shares during the last quarter. Finally, Quent Capital LLC grew its holdings in shares of Ryder System by 17.7% in the fourth quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock worth $86,000 after acquiring an additional 112 shares during the period. Institutional investors own 87.47% of the company’s stock.

Ryder System Stock Performance

NYSE R opened at $122.40 on Thursday. The business has a 50-day moving average price of $115.62 and a 200-day moving average price of $111.26. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.22. Ryder System, Inc. has a twelve month low of $77.60 and a twelve month high of $126.04. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 15.94 and a beta of 1.40.

Ryder System (NYSE:R) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.43. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. Ryder System’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $2.81 earnings per share. As a group, equities research analysts predict that Ryder System, Inc. will post 11.98 EPS for the current fiscal year.

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 20th were paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Friday, February 16th. Ryder System’s payout ratio is presently 36.98%.

Insiders Place Their Bets

In related news, insider Thomas M. Havens sold 8,000 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 24,401 shares of the company’s stock, valued at $2,913,479.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Thomas M. Havens sold 8,000 shares of Ryder System stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $119.40, for a total value of $955,200.00. Following the completion of the transaction, the insider now 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 the SEC website. Also, Director E Follin Smith sold 3,671 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $119.16, for a total transaction of $437,436.36. Following the transaction, the director now owns 38,413 shares in the company, valued at approximately $4,577,293.08. The disclosure for this sale can be found here. Insiders have sold a total of 19,408 shares of company stock valued at $2,270,631 in the last quarter. 5.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on R shares. StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Vertical Research cut shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a report on Wednesday, January 10th. Stephens lifted their price target on shares of Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 24th. Wells Fargo & Company raised their target price on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Finally, JPMorgan Chase & Co. boosted their price target on Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $126.83.

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.