Retirement Systems of Alabama Decreases Stake in Ryder System, Inc. (NYSE:R)

Retirement Systems of Alabama decreased its position in Ryder System, Inc. (NYSE:R) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,512 shares of the transportation company’s stock after selling 1,334 shares during the quarter. Retirement Systems of Alabama owned 0.13% of Ryder System worth $6,387,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new stake in Ryder System during the 4th quarter worth about $26,000. Headlands Technologies LLC acquired a new position in Ryder System in the third quarter valued at approximately $26,000. GAMMA Investing LLC purchased a new position in Ryder System in the fourth quarter valued at approximately $45,000. Exchange Traded Concepts LLC lifted its position in shares of Ryder System by 406.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock worth $54,000 after buying an additional 406 shares during the last quarter. Finally, Quent Capital LLC boosted its holdings in shares of Ryder System by 17.7% in the 4th quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock valued at $86,000 after buying an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on R shares. Stephens lifted their price target on shares of Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 24th. Vertical Research cut Ryder System from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research report on Wednesday, January 10th. JPMorgan Chase & Co. raised their price target on Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Wells Fargo & Company boosted their price objective on Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Finally, StockNews.com upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $126.83.

Insider Buying and Selling at Ryder System

In other news, Director E Follin Smith sold 3,671 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $119.16, for a total value of $437,436.36. Following the completion of the sale, the director now directly owns 38,413 shares of the company’s stock, valued at approximately $4,577,293.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Ryder System news, insider Thomas M. Havens sold 8,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $119.40, for a total transaction of $955,200.00. Following the transaction, the insider now directly owns 24,401 shares in the company, valued at $2,913,479.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director E Follin Smith sold 3,671 shares of Ryder System stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $119.16, for a total transaction of $437,436.36. Following the sale, the director now owns 38,413 shares of the company’s stock, valued at $4,577,293.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,408 shares of company stock valued at $2,270,631. 5.10% of the stock is owned by corporate insiders.

Ryder System Trading Down 0.0 %

Shares of R stock opened at $124.66 on Friday. The company has a market capitalization of $5.46 billion, a P/E ratio of 16.23 and a beta of 1.38. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.22. The business’s 50 day moving average is $116.30 and its two-hundred day moving average is $111.57. Ryder System, Inc. has a twelve month low of $77.60 and a twelve month high of $127.21.

Ryder System (NYSE:R) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share 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 net margin of 2.95% and a return on equity of 18.38%. Ryder System’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $2.81 EPS. Equities analysts forecast that Ryder System, Inc. will post 11.98 EPS for the current year.

Ryder System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Monday, May 20th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.28%. Ryder System’s payout ratio is currently 36.98%.

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.