Integrated Investment Consultants LLC Decreases Stake in Ryder System, Inc. (NYSE:R)

Integrated Investment Consultants LLC decreased its holdings in Ryder System, Inc. (NYSE:R) by 2.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,090 shares of the transportation company’s stock after selling 82 shares during the period. Integrated Investment Consultants LLC’s holdings in Ryder System were worth $451,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 109,930 shares during the last quarter. Earnest Partners LLC raised its position in shares of Ryder System by 3.4% during the 2nd quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company’s stock valued at $237,298,000 after buying an additional 62,815 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Ryder System by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company’s stock valued at $213,345,000 after acquiring an additional 31,550 shares during the last quarter. American Century Companies Inc. grew its position in Ryder System by 1.9% in the second quarter. American Century Companies Inc. now owns 890,877 shares of the transportation company’s stock worth $110,362,000 after acquiring an additional 17,009 shares during the period. Finally, Sei Investments Co. increased its stake in Ryder System by 4.7% during the second quarter. Sei Investments Co. now owns 847,581 shares of the transportation company’s stock worth $104,997,000 after acquiring an additional 37,991 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Insider Activity at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total transaction of $629,760.00. Following the sale, the insider now owns 20,504 shares of the company’s stock, valued at approximately $3,228,149.76. This trade represents a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.10% of the stock is currently owned by corporate insiders.

Ryder System Stock Up 0.8 %

Shares of NYSE:R opened at $161.21 on Friday. The firm’s 50-day moving average is $150.02 and its two-hundred day moving average is $136.14. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. Ryder System, Inc. has a 1 year low of $105.09 and a 1 year high of $170.20. The firm has a market capitalization of $6.82 billion, a PE ratio of 15.08 and a beta of 1.28.

Ryder System (NYSE:R) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.58 earnings per share. Analysts predict that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System Dividend Announcement

The company also recently announced 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 2.01%. Ryder System’s payout ratio is currently 30.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target 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 cut shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, Robert W. Baird lifted their price target on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Ryder System has an average rating of “Moderate Buy” and an average price target of $140.57.

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.