Truvestments Capital LLC Has $3.76 Million Stock Position in Ryder System, Inc. (NYSE:R)

Truvestments Capital LLC cut its stake in shares of Ryder System, Inc. (NYSE:R) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,759 shares of the transportation company’s stock after selling 107 shares during the period. Ryder System makes up approximately 1.0% of Truvestments Capital LLC’s investment portfolio, making the stock its 17th largest holding. Truvestments Capital LLC owned about 0.06% of Ryder System worth $3,756,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in R. CANADA LIFE ASSURANCE Co raised its holdings in Ryder System by 1.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 33,109 shares of the transportation company’s stock worth $3,982,000 after purchasing an additional 500 shares during the period. EntryPoint Capital LLC acquired a new stake in Ryder System during the 1st quarter worth $25,000. Quadrature Capital Ltd bought a new position in Ryder System during the first quarter worth about $271,000. Price T Rowe Associates Inc. MD grew its stake in Ryder System by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company’s stock valued at $4,510,000 after acquiring an additional 106 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Ryder System by 4.4% in the first quarter. Public Employees Retirement System of Ohio now owns 30,096 shares of the transportation company’s stock worth $3,617,000 after acquiring an additional 1,255 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Analysts Set New Price Targets

R has been the subject of several research analyst reports. 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 research report on Friday, October 25th. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Ryder System presently has an average rating of “Moderate Buy” and an average price target of $140.57.

Ryder System Trading Up 0.4 %

NYSE:R opened at $166.25 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. Ryder System, Inc. has a twelve month low of $105.09 and a twelve month high of $170.20. The company has a market cap of $7.03 billion, a P/E ratio of 15.50 and a beta of 1.28. The business has a 50 day moving average price of $150.57 and a two-hundred day moving average price of $136.58.

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

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be given a dividend of $0.81 per share. The ex-dividend date is Monday, November 18th. This represents a $3.24 annualized dividend and a yield of 1.95%. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

Insider Buying and Selling at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total transaction of $629,760.00. Following the transaction, the insider now directly owns 20,504 shares in the company, valued at $3,228,149.76. The trade was a 16.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.