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

Cambridge Financial Group Inc. cut its stake in shares of Ryder System, Inc. (NYSE:R) by 17.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 63,065 shares of the transportation company’s stock after selling 13,478 shares during the period. Ryder System makes up approximately 3.6% of Cambridge Financial Group Inc.’s holdings, making the stock its 7th largest holding. Cambridge Financial Group Inc. owned about 0.14% of Ryder System worth $7,256,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of R. Headlands Technologies LLC purchased a new position in Ryder System in the 3rd quarter valued at about $26,000. Contravisory Investment Management Inc. acquired a new stake in Ryder System during the 4th quarter valued at approximately $26,000. GAMMA Investing LLC purchased a new stake in Ryder System during the 4th quarter worth approximately $45,000. CWM LLC raised its position in shares of Ryder System by 33.9% in the 3rd quarter. CWM LLC now owns 438 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 111 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Ryder System by 406.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock valued at $54,000 after buying an additional 406 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on R shares. StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Wells Fargo & Company increased their target price on shares of Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. The Goldman Sachs Group lifted their price target on shares of Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Stephens boosted their price objective on shares of Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of Ryder System from $120.00 to $126.00 and gave the stock 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $126.83.

Ryder System Trading Down 0.0 %

R traded down $0.05 during trading on Friday, reaching $124.66. The company had a trading volume of 179,024 shares, compared to its average volume of 289,915. The firm’s 50-day simple moving average is $116.30 and its 200 day simple moving average is $111.57. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $5.46 billion, a price-to-earnings 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.

Ryder System (NYSE:R) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.43. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.81 EPS. Equities research analysts anticipate that Ryder System, Inc. will post 11.98 earnings per share for the current 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 given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.28%. Ryder System’s payout ratio is 36.98%.

Insider Buying and Selling at Ryder System

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the transaction, the chief marketing officer now owns 12,396 shares in the company, valued at $1,406,698.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CMO Karen M. Jones sold 7,737 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total transaction of $877,994.76. Following the transaction, the chief marketing officer now owns 12,396 shares of the company’s stock, valued at approximately $1,406,698.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas M. Havens sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $119.40, for a total value of $955,200.00. Following the completion of the transaction, the insider now directly owns 24,401 shares in the company, valued at $2,913,479.40. The disclosure for this sale can be found here. Insiders sold 19,408 shares of company stock valued at $2,270,631 in the last quarter. Company insiders own 5.10% of the company’s stock.

Ryder System 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.