Ryder System, Inc. (NYSE:R) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in shares of Ryder System, Inc. (NYSE:R) by 6.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,710,807 shares of the transportation company’s stock after selling 326,648 shares during the period. Vanguard Group Inc. owned 11.40% of Ryder System worth $677,461,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. New Age Alpha Advisors LLC raised its holdings in shares of Ryder System by 62.6% during the 1st quarter. New Age Alpha Advisors LLC now owns 896 shares of the transportation company’s stock worth $129,000 after acquiring an additional 345 shares during the period. NewEdge Wealth LLC raised its holdings in shares of Ryder System by 9.8% during the 1st quarter. NewEdge Wealth LLC now owns 221,943 shares of the transportation company’s stock worth $31,918,000 after acquiring an additional 19,773 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Ryder System by 18.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,219 shares of the transportation company’s stock worth $319,000 after acquiring an additional 338 shares during the period. LSV Asset Management raised its holdings in shares of Ryder System by 0.3% during the 1st quarter. LSV Asset Management now owns 1,456,453 shares of the transportation company’s stock worth $209,453,000 after acquiring an additional 4,912 shares during the period. Finally, Natixis Advisors LLC raised its holdings in shares of Ryder System by 11.0% during the 1st quarter. Natixis Advisors LLC now owns 129,713 shares of the transportation company’s stock worth $18,654,000 after acquiring an additional 12,818 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Insider Buying and Selling at Ryder System

In other Ryder System news, CFO Cristina Gallo-Aquino sold 1,000 shares of Ryder System stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $180.87, for a total value of $180,870.00. Following the completion of the transaction, the chief financial officer directly owned 26,561 shares of the company’s stock, valued at $4,804,088.07. The trade was a 3.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director E Follin Smith sold 5,523 shares of Ryder System stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $177.66, for a total value of $981,216.18. Following the completion of the transaction, the director directly owned 33,779 shares of the company’s stock, valued at approximately $6,001,177.14. This represents a 14.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,582 shares of company stock valued at $8,158,745 in the last three months. 5.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays assumed coverage on Ryder System in a report on Monday, June 9th. They set an “overweight” rating and a $190.00 price target on the stock. Stephens lifted their price target on Ryder System from $150.00 to $190.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Robert W. Baird boosted their price objective on shares of Ryder System from $186.00 to $192.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Baird R W upgraded shares of Ryder System to a “strong-buy” rating in a report on Tuesday, July 1st. Finally, Morgan Stanley boosted their price objective on shares of Ryder System from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $186.50.

Ryder System Stock Up 2.3%

Shares of R opened at $183.60 on Thursday. The firm has a market cap of $7.49 billion, a P/E ratio of 15.61 and a beta of 1.00. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27. The company’s 50-day moving average price is $166.90 and its 200 day moving average price is $155.27. Ryder System, Inc. has a 12-month low of $125.54 and a 12-month high of $184.76.

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. On average, sell-side analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 18th will be given a $0.91 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $3.64 annualized dividend and a yield of 2.0%. This is an increase from Ryder System’s previous quarterly dividend of $0.81. Ryder System’s dividend payout ratio is presently 27.55%.

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.