Allianz Asset Management GmbH Sells 104,669 Shares of Ryder System, Inc. (NYSE:R)

Allianz Asset Management GmbH lessened its stake in shares of Ryder System, Inc. (NYSE:RFree Report) by 46.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 121,165 shares of the transportation company’s stock after selling 104,669 shares during the quarter. Allianz Asset Management GmbH owned about 0.27% of Ryder System worth $13,941,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in R. Parallel Advisors LLC lifted its position in shares of Ryder System by 8.7% in the 4th quarter. Parallel Advisors LLC now owns 1,455 shares of the transportation company’s stock worth $167,000 after acquiring an additional 116 shares during the period. Hilltop Holdings Inc. lifted its position in shares of Ryder System by 5.6% in the 4th quarter. Hilltop Holdings Inc. now owns 7,095 shares of the transportation company’s stock worth $816,000 after acquiring an additional 379 shares during the period. Hsbc Holdings PLC lifted its position in shares of Ryder System by 449.3% in the 4th quarter. Hsbc Holdings PLC now owns 62,785 shares of the transportation company’s stock worth $7,199,000 after acquiring an additional 51,356 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Ryder System by 17.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,103 shares of the transportation company’s stock worth $242,000 after acquiring an additional 314 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Ryder System by 1.3% in the 4th quarter. Franklin Resources Inc. now owns 107,710 shares of the transportation company’s stock worth $12,393,000 after acquiring an additional 1,416 shares during the period. Institutional investors own 87.47% of the company’s stock.

Ryder System Stock Up 0.8 %

Shares of Ryder System stock opened at $121.47 on Monday. 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 12 month low of $78.57 and a 12 month high of $128.85. The business has a fifty day simple moving average of $120.35 and a 200 day simple moving average of $115.12. The stock has a market cap of $5.32 billion, a PE ratio of 15.82 and a beta of 1.32.

Ryder System (NYSE:RGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.43. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the previous year, the firm earned $2.81 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Research analysts predict that Ryder System, Inc. will post 12.1 EPS for the current year.

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Monday, May 20th will be issued a $0.71 dividend. The ex-dividend date is Friday, May 17th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.34%. Ryder System’s dividend payout ratio (DPR) is 36.98%.

Analysts Set New Price Targets

Several equities analysts recently commented on R shares. StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group raised their target price 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 raised their target price 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 raised their target price 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. Finally, JPMorgan Chase & Co. raised 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Ryder System currently has a consensus rating of “Hold” and an average target price of $126.83.

View Our Latest Stock Report on R

Insider Activity

In other news, Director E Follin Smith sold 3,671 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $119.16, for a total value of $437,436.36. Following the sale, the director now directly owns 38,413 shares in the company, valued at $4,577,293.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director E Follin Smith sold 3,671 shares of Ryder System stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $119.16, for a total value of $437,436.36. Following the sale, the director now owns 38,413 shares of the company’s stock, valued at $4,577,293.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Karen M. Jones sold 6,776 shares of Ryder System stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $120.44, for a total value of $816,101.44. Following the completion of the sale, the chief marketing officer now directly owns 5,666 shares in the company, valued at approximately $682,413.04. The disclosure for this sale can be found here. Insiders have sold a total of 95,800 shares of company stock worth $11,990,862 over the last three months. Corporate insiders own 5.10% of the company’s stock.

About Ryder System

(Free Report)

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.

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Institutional Ownership by Quarter for Ryder System (NYSE:R)

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