Federated Hermes Inc. Reduces Stock Position in Ryder System, Inc. (NYSE:R)

Federated Hermes Inc. cut its holdings in shares of Ryder System, Inc. (NYSE:R) by 15.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,667 shares of the transportation company’s stock after selling 2,835 shares during the quarter. Federated Hermes Inc.’s holdings in Ryder System were worth $1,803,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Ryder System in the 3rd quarter valued at approximately $26,000. Contravisory Investment Management Inc. acquired a new position in Ryder System during the 4th quarter valued at approximately $26,000. CWM LLC boosted its position in Ryder System by 33.9% during 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 during the period. Exchange Traded Concepts LLC boosted its position in 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 purchasing an additional 406 shares during the period. Finally, Quent Capital LLC boosted its position in Ryder System by 17.7% during the 4th quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock valued at $86,000 after purchasing an additional 112 shares during the period. 87.47% of the stock is currently owned by institutional investors.

Ryder System Stock Down 0.4 %

NYSE:R opened at $121.95 on Monday. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 15.88 and a beta of 1.40. The business’s fifty day moving average price is $115.04 and its 200 day moving average price is $110.97. The company has a current ratio of 0.82, a quick ratio of 0.62 and a debt-to-equity ratio of 2.22. Ryder System, Inc. has a 1-year low of $76.15 and a 1-year high of $123.45.

Ryder System (NYSE:R) last released its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.43. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.06 billion. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.81 EPS. On average, sell-side analysts forecast that Ryder System, Inc. will post 11.98 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th were given a $0.71 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.33%. Ryder System’s dividend payout ratio is currently 36.98%.

Analyst Ratings Changes

A number of research firms recently issued reports on R. StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. boosted their price target on Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Stephens boosted their price target on Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. Robert W. Baird reiterated a “buy” rating and set a $140.00 price target on shares of Ryder System in a research report on Wednesday, January 3rd. Finally, Vertical Research lowered Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a research report on Wednesday, January 10th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $126.83.

Insiders Place Their Bets

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the completion of the sale, the chief marketing officer now owns 12,396 shares in the company, valued at approximately $1,406,698.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.