Cerity Partners LLC Has $486,000 Position in Ryder System, Inc. (NYSE:R)

Cerity Partners LLC cut its stake in shares of Ryder System, Inc. (NYSE:R) by 10.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,383 shares of the transportation company’s stock after selling 401 shares during the quarter. Cerity Partners LLC’s holdings in Ryder System were worth $486,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Earnest Partners LLC raised its stake in Ryder System by 2.4% during the 4th quarter. Earnest Partners LLC now owns 1,905,223 shares of the transportation company’s stock worth $298,853,000 after buying an additional 45,393 shares during the period. FMR LLC raised its stake in Ryder System by 3.1% during the 4th quarter. FMR LLC now owns 805,571 shares of the transportation company’s stock worth $126,362,000 after buying an additional 24,052 shares during the period. Norges Bank acquired a new position in Ryder System during the 4th quarter worth approximately $97,844,000. Bank of New York Mellon Corp raised its stake in Ryder System by 5.5% during the 1st quarter. Bank of New York Mellon Corp now owns 527,906 shares of the transportation company’s stock worth $75,918,000 after buying an additional 27,632 shares during the period. Finally, Invesco Ltd. raised its stake in Ryder System by 22.2% during the 4th quarter. Invesco Ltd. now owns 456,968 shares of the transportation company’s stock worth $71,680,000 after buying an additional 82,893 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director E Follin Smith sold 1,243 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $144.38, for a total value of $179,464.34. Following the completion of the sale, the director owned 39,802 shares in the company, valued at approximately $5,746,612.76. This trade represents a 3.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert E. Sanchez sold 18,496 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total transaction of $2,880,382.08. Following the completion of the transaction, the chief executive officer owned 40,824 shares of the company’s stock, valued at $6,357,521.52. This represents a 31.18% decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

Ryder System Stock Performance

R opened at $182.61 on Friday. The firm has a market capitalization of $7.55 billion, a PE ratio of 15.53 and a beta of 0.97. Ryder System, Inc. has a twelve month low of $123.36 and a twelve month high of $183.17. The firm’s 50-day moving average price is $159.77 and its 200 day moving average price is $153.85. The company has a current ratio of 1.10, a quick ratio of 0.73 and a debt-to-equity ratio of 2.51.

Ryder System (NYSE:R) last released its earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.21. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.17 billion. Ryder System had a return on equity of 17.83% and a net margin of 3.99%. Ryder System’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.00 EPS. As a group, sell-side analysts expect that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.99%. This is an increase from Ryder System’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, August 18th. Ryder System’s dividend payout ratio (DPR) is 27.55%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Robert W. Baird started coverage on Ryder System in a report on Tuesday, July 1st. They issued an “outperform” rating and a $186.00 price target for the company. Barclays started coverage on Ryder System in a research note on Monday, June 9th. They set an “overweight” rating and a $190.00 price objective for the company. Baird R W raised Ryder System to a “strong-buy” rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. lifted their price objective on Ryder System from $165.00 to $173.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Finally, Susquehanna started coverage on Ryder System in a research note on Tuesday, July 15th. They set a “positive” rating and a $215.00 price objective for the company. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $179.43.

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.