HG Vora Capital Management LLC Sells 525,000 Shares of Ryder System, Inc. (NYSE:R)

HG Vora Capital Management LLC reduced its stake in Ryder System, Inc. (NYSE:R) by 24.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,650,000 shares of the transportation company’s stock after selling 525,000 shares during the quarter. Ryder System comprises 17.6% of HG Vora Capital Management LLC’s holdings, making the stock its 3rd largest holding. HG Vora Capital Management LLC’s holdings in Ryder System were worth $240,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in R. Wolff Wiese Magana LLC bought a new stake in Ryder System in the third quarter worth approximately $28,000. Altshuler Shaham Ltd bought a new stake in shares of Ryder System during the second quarter valued at approximately $29,000. UMB Bank n.a. increased its holdings in shares of Ryder System by 43.2% during the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 80 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Ryder System during the second quarter valued at approximately $51,000. Finally, GAMMA Investing LLC increased its holdings in shares of Ryder System by 44.0% during the second quarter. GAMMA Investing LLC now owns 589 shares of the transportation company’s stock valued at $73,000 after acquiring an additional 180 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on R. JPMorgan Chase & Co. decreased their price objective on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, October 25th. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $140.57.

Ryder System Stock Up 0.8 %

R stock opened at $170.22 on Tuesday. The stock’s fifty day simple moving average is $153.06 and its two-hundred day simple moving average is $138.05. 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 1-year low of $105.09 and a 1-year high of $171.78. The stock has a market cap of $7.20 billion, a P/E ratio of 15.92 and a beta of 1.30.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, beating analysts’ consensus estimates of $3.39 by $0.05. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the prior year, the firm earned $3.58 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. Analysts expect that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be paid a dividend of $0.81 per share. The ex-dividend date is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.90%. Ryder System’s payout ratio is 30.31%.

Insider Activity at Ryder System

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

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.