New York State Common Retirement Fund Sells 5,667 Shares of Ryder System, Inc. (NYSE:R)

New York State Common Retirement Fund reduced its stake in Ryder System, Inc. (NYSE:R) by 12.5% during the 4th quarter, HoldingsChannel reports. The fund owned 39,529 shares of the transportation company’s stock after selling 5,667 shares during the quarter. New York State Common Retirement Fund’s holdings in Ryder System were worth $4,548,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its position in Ryder System by 1,051.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,551,559 shares of the transportation company’s stock worth $272,889,000 after buying an additional 2,329,880 shares in the last quarter. Earnest Partners LLC lifted its position in Ryder System by 2.5% during the 3rd quarter. Earnest Partners LLC now owns 1,666,621 shares of the transportation company’s stock worth $178,245,000 after buying an additional 40,086 shares in the last quarter. LSV Asset Management lifted its position in Ryder System by 13.5% during the 3rd quarter. LSV Asset Management now owns 1,570,462 shares of the transportation company’s stock worth $167,961,000 after buying an additional 187,174 shares in the last quarter. AQR Capital Management LLC lifted its position in Ryder System by 12.3% during the 3rd quarter. AQR Capital Management LLC now owns 845,253 shares of the transportation company’s stock worth $90,400,000 after buying an additional 92,760 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Ryder System by 7.9% during the 3rd quarter. American Century Companies Inc. now owns 775,382 shares of the transportation company’s stock worth $82,927,000 after buying an additional 56,851 shares in the last quarter. 87.47% of the stock is owned by institutional investors.

Ryder System Stock Down 0.0 %

Shares of R opened at $124.66 on Friday. Ryder System, Inc. has a 52 week low of $77.60 and a 52 week high of $127.21. The firm has a market cap of $5.46 billion, a P/E ratio of 16.23 and a beta of 1.38. The firm’s 50-day simple moving average is $116.30 and its 200 day simple moving average is $111.57. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.82 and a current ratio of 0.82.

Ryder System (NYSE:R) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 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 business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the prior year, the business earned $2.81 EPS. Ryder System’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts forecast that Ryder System, Inc. will post 11.98 earnings per share for the current year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Monday, May 20th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.28%. Ryder System’s dividend payout ratio (DPR) is currently 36.98%.

Analysts Set New Price Targets

R has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Stephens upped their target price on shares of Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a 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 on the stock. in a report on Wednesday, January 10th. Finally, The Goldman Sachs Group upped their target price on shares of Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $126.83.

Insiders Place Their Bets

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the 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 transaction, the chief marketing officer now owns 12,396 shares in the company, valued at approximately $1,406,698.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the 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 transaction, the chief marketing officer now owns 12,396 shares in the company, valued at approximately $1,406,698.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thomas M. Havens sold 8,000 shares of the stock in a transaction that occurred 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 owns 24,401 shares in the company, valued at approximately $2,913,479.40. The disclosure for this sale can be found here. Insiders have sold a total of 19,408 shares of company stock worth $2,270,631 in the last quarter. Corporate insiders own 5.10% of the company’s stock.

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.