Vectors Research Management LLC Has $3.12 Million Stock Position in Ryder System, Inc. (NYSE:R)

Vectors Research Management LLC cut its stake in shares of Ryder System, Inc. (NYSE:R) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,418 shares of the transportation company’s stock after selling 423 shares during the period. Vectors Research Management LLC owned 0.05% of Ryder System worth $3,115,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Ryder System by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation company’s stock valued at $627,800,000 after acquiring an additional 109,930 shares during the period. Millennium Management LLC boosted its holdings in shares of Ryder System by 1,915.0% during the 2nd quarter. Millennium Management LLC now owns 103,935 shares of the transportation company’s stock worth $12,875,000 after buying an additional 98,777 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Ryder System by 242.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 92,666 shares of the transportation company’s stock valued at $11,138,000 after buying an additional 65,609 shares during the last quarter. Earnest Partners LLC raised its holdings in Ryder System by 3.4% in the 2nd quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company’s stock valued at $237,298,000 after acquiring an additional 62,815 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Ryder System by 13.5% during the second quarter. Victory Capital Management Inc. now owns 460,134 shares of the transportation company’s stock worth $57,001,000 after acquiring an additional 54,605 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total transaction of $629,760.00. Following the transaction, the insider now directly owns 20,504 shares in the company, valued at approximately $3,228,149.76. This trade represents a 16.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.10% of the stock is currently owned by company insiders.

Ryder System Stock Performance

NYSE R opened at $165.66 on Friday. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 15.50 and a beta of 1.28. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. Ryder System, Inc. has a twelve month low of $104.44 and a twelve month high of $170.20. The stock has a fifty day simple moving average of $147.28 and a 200 day simple moving average of $134.85.

Ryder System (NYSE:R) last announced its earnings results 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 business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. Ryder System’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.58 earnings per share. Sell-side analysts expect that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently commented on R shares. JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Robert W. Baird increased their target price on shares of Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.57.

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.