Maryland State Retirement & Pension System Has $279,000 Holdings in Ryder System, Inc. $R

Maryland State Retirement & Pension System cut its stake in shares of Ryder System, Inc. (NYSE:R) by 21.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,943 shares of the transportation company’s stock after selling 518 shares during the period. Maryland State Retirement & Pension System’s holdings in Ryder System were worth $279,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Ryder System in the first quarter valued at $26,000. TCTC Holdings LLC boosted its position in Ryder System by 116.5% during the first quarter. TCTC Holdings LLC now owns 223 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 120 shares during the last quarter. Curat Global LLC bought a new stake in Ryder System during the first quarter valued at $55,000. Kapitalo Investimentos Ltda bought a new stake in Ryder System during the fourth quarter valued at $59,000. Finally, Headlands Technologies LLC bought a new stake in Ryder System during the first quarter valued at $86,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director E Follin Smith sold 5,523 shares of the business’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $177.66, for a total transaction of $981,216.18. Following the transaction, the director owned 33,779 shares in the company, valued at $6,001,177.14. The trade was a 14.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert E. Sanchez sold 22,063 shares of the business’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $182.49, for a total transaction of $4,026,276.87. Following the transaction, the chief executive officer owned 62,887 shares in the company, valued at $11,476,248.63. This represents a 25.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,586 shares of company stock worth $6,459,868 over the last ninety days. 5.20% of the stock is owned by insiders.

Ryder System Stock Down 0.6%

Shares of NYSE:R opened at $178.86 on Tuesday. The firm has a fifty day moving average price of $168.68 and a two-hundred day moving average price of $155.60. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.82 and a quick ratio of 0.82. Ryder System, Inc. has a one year low of $125.54 and a one year high of $184.76. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 15.21 and a beta of 1.00.

Ryder System (NYSE:R) last announced its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, beating the consensus estimate of $3.11 by $0.21. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period last year, the firm earned $3.00 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. Analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Increases Dividend

The company also recently disclosed 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 is Monday, August 18th. This is a positive change from Ryder System’s previous quarterly dividend of $0.81. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.0%. Ryder System’s dividend payout ratio is presently 27.55%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on R shares. Robert W. Baird increased their price objective on shares of Ryder System from $186.00 to $192.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Wolfe Research raised shares of Ryder System from a “peer perform” rating to an “outperform” rating and set a $159.00 price objective on the stock in a research report on Tuesday, July 1st. Susquehanna started coverage on shares of Ryder System in a research report on Tuesday, July 15th. They set a “positive” rating and a $215.00 price objective on the stock. Baird R W raised shares of Ryder System to a “strong-buy” rating in a research report on Tuesday, July 1st. Finally, Barclays started coverage on shares of Ryder System in a research report on Monday, June 9th. They set an “overweight” rating and a $190.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.50.

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.