Vectors Research Management LLC Sells 423 Shares of Ryder System, Inc. (NYSE:R)

Vectors Research Management LLC cut its stake in shares of Ryder System, Inc. (NYSE:R) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,418 shares of the transportation company’s stock after selling 423 shares during the period. Vectors Research Management LLC’s holdings in Ryder System were worth $3,115,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Wolff Wiese Magana LLC purchased a new position in shares of Ryder System in the 3rd quarter worth about $28,000. EntryPoint Capital LLC bought a new position in Ryder System during the first quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new position in shares of Ryder System during the second quarter worth approximately $29,000. UMB Bank n.a. boosted its stake in shares of Ryder System by 43.2% in the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 80 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Ryder System during the 2nd quarter valued at $51,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Stock Performance

Shares of R stock opened at $165.66 on Friday. The company’s fifty day moving average price is $147.28 and its 200-day moving average price is $134.85. The stock has a market cap of $7.01 billion, a PE ratio of 15.50 and a beta of 1.28. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. Ryder System, Inc. has a 12 month low of $104.44 and a 12 month high of $170.20.

Ryder System (NYSE:R) last released its earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, topping the consensus estimate of $3.39 by $0.05. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.58 earnings per share. On average, equities analysts expect that Ryder System, Inc. will post 12.01 EPS for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Monday, November 18th. Ryder System’s payout ratio is 30.31%.

Analysts Set New Price Targets

A number of brokerages have commented on R. Robert W. Baird lifted their price target on Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Ryder System has a consensus rating of “Moderate Buy” and a consensus target price of $140.57.

Insider Transactions at Ryder System

In related news, insider Thomas M. Havens sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total value of $629,760.00. Following the sale, the insider now owns 20,504 shares in the company, valued at approximately $3,228,149.76. This trade represents a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 5.10% of the company’s stock.

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.