Victory Capital Management Inc. Decreases Stock Position in Ryder System, Inc. (NYSE:R)

Victory Capital Management Inc. lowered its stake in Ryder System, Inc. (NYSE:R) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 399,999 shares of the transportation company’s stock after selling 4,691 shares during the period. Victory Capital Management Inc.’s holdings in Ryder System were worth $46,024,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in shares of 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 acquiring an additional 2,329,880 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Ryder System during the 3rd quarter worth approximately $25,233,000. LSV Asset Management grew its holdings in shares of 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 acquiring an additional 187,174 shares during the period. AQR Capital Management LLC grew its holdings in shares of 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 acquiring an additional 92,760 shares during the period. Finally, Cambridge Financial Group Inc. purchased a new position in shares of Ryder System during the 3rd quarter worth approximately $8,186,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Stock Performance

R stock opened at $124.66 on Monday. The stock has a market capitalization of $5.46 billion, a PE ratio of 16.23 and a beta of 1.38. Ryder System, Inc. has a 12-month low of $77.60 and a 12-month high of $127.21. 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 stock’s 50 day simple moving average is $116.30 and its 200 day simple moving average is $111.61.

Ryder System (NYSE:R) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the prior year, the firm posted $2.81 EPS. As a group, research analysts forecast that Ryder System, Inc. will post 11.98 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on R. The Goldman Sachs Group boosted their price target on Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Company boosted their price target on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Stephens boosted their price target on Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. 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. Finally, JPMorgan Chase & Co. boosted their price target on Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $126.83.

Insider Buying and Selling at Ryder System

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

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.