Victory Capital Management Inc. Sells 4,691 Shares of Ryder System, Inc. (NYSE:R)

Victory Capital Management Inc. cut its position in Ryder System, Inc. (NYSE:R) by 1.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 399,999 shares of the transportation company’s stock after selling 4,691 shares during the quarter. Victory Capital Management Inc. owned about 0.90% of Ryder System worth $46,024,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in R. Wellington Management Group LLP lifted its position in shares of Ryder System by 1,051.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,551,559 shares of the transportation company’s stock valued at $272,889,000 after acquiring an additional 2,329,880 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Ryder System during the 3rd quarter valued at $25,233,000. LSV Asset Management lifted its position in shares of Ryder System by 13.5% during the 3rd quarter. LSV Asset Management now owns 1,570,462 shares of the transportation company’s stock valued at $167,961,000 after acquiring an additional 187,174 shares during the period. AQR Capital Management LLC lifted its position in shares of Ryder System by 12.3% during the 3rd quarter. AQR Capital Management LLC now owns 845,253 shares of the transportation company’s stock valued at $90,400,000 after acquiring an additional 92,760 shares during the period. Finally, Cambridge Financial Group Inc. bought a new stake in shares of Ryder System during the 3rd quarter valued at $8,186,000. 87.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the 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 transaction, the chief marketing officer now owns 12,396 shares in the company, valued at $1,406,698.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other 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 transaction, the chief marketing officer now owns 12,396 shares in the company, valued at $1,406,698.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas M. Havens sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $119.40, for a total value of $955,200.00. Following the completion of the transaction, the insider now owns 24,401 shares in the company, valued at approximately $2,913,479.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,408 shares of company stock worth $2,270,631. Corporate insiders own 5.10% of the company’s stock.

Ryder System Stock Down 0.0 %

Shares of Ryder System stock opened at $124.66 on Monday. Ryder System, Inc. has a one year low of $77.60 and a one year high of $127.21. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.82 and a quick ratio of 0.82. The stock’s 50-day moving average is $116.30 and its 200 day moving average is $111.61. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 16.23 and a beta of 1.38.

Ryder System (NYSE:R) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.71 by $0.43. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the prior year, the company earned $2.81 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities research analysts anticipate that Ryder System, Inc. will post 11.98 EPS for the current year.

Ryder System Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on R shares. Wells Fargo & Company upped their target price on Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a 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 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 report on Wednesday, April 24th. Finally, Vertical Research cut Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a report on Wednesday, January 10th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $126.83.

About Ryder System

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.