Retirement Systems of Alabama Sells 1,518 Shares of Ryder System, Inc. (NYSE:R)

Retirement Systems of Alabama lowered its stake in shares of Ryder System, Inc. (NYSE:R) by 2.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 52,578 shares of the transportation company’s stock after selling 1,518 shares during the period. Retirement Systems of Alabama’s holdings in Ryder System were worth $7,666,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. boosted its stake in shares of Ryder System by 14.3% in the 3rd quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company’s stock worth $20,724,000 after buying an additional 17,074 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Ryder System in the third quarter worth about $34,000. Sanctuary Advisors LLC boosted its position in Ryder System by 1.7% in the third quarter. Sanctuary Advisors LLC now owns 7,826 shares of the transportation company’s stock worth $1,141,000 after purchasing an additional 131 shares during the last quarter. TD Private Client Wealth LLC grew its stake in shares of Ryder System by 18.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,056 shares of the transportation company’s stock valued at $154,000 after purchasing an additional 163 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Ryder System by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company’s stock worth $105,397,000 after purchasing an additional 5,860 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Insider Buying and Selling

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 of the company’s stock, valued at $3,228,149.76. The trade was a 16.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.10% of the stock is owned by company insiders.

Ryder System Trading Down 1.2 %

Shares of Ryder System stock opened at $161.97 on Wednesday. Ryder System, Inc. has a fifty-two week low of $106.62 and a fifty-two week high of $171.78. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $6.85 billion, a P/E ratio of 15.15 and a beta of 1.30. The company has a fifty day moving average of $157.78 and a 200 day moving average of $141.67.

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

Ryder System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Monday, November 18th. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

Analysts Set New Price Targets

Several brokerages recently issued reports on R. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price objective on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, The Goldman Sachs Group lifted their target price on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Ryder System presently has an average rating of “Moderate Buy” and an average price target of $147.43.

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.