Janus Henderson Group PLC trimmed its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 8.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,365 shares of the transportation company's stock after selling 4,091 shares during the period. Janus Henderson Group PLC owned about 0.10% of Ryder System worth $6,178,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in R. Wolff Wiese Magana LLC bought a new stake in Ryder System during the third quarter worth approximately $28,000. Altshuler Shaham Ltd bought a new stake in Ryder System during the second quarter worth approximately $29,000. UMB Bank n.a. increased its stake in Ryder System by 43.2% during the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company's stock worth $39,000 after acquiring an additional 80 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Ryder System during the second quarter worth approximately $51,000. Finally, CWM LLC increased its stake in Ryder System by 17.9% during the second quarter. CWM LLC now owns 758 shares of the transportation company's stock worth $94,000 after acquiring an additional 115 shares during the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Ryder System
In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total value of $629,760.00. Following the transaction, the insider now directly owns 20,504 shares in the company, valued at approximately $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.10% of the company's stock.
Ryder System Trading Up 0.1 %
Shares of NYSE R traded up $0.19 during midday trading on Tuesday, reaching $163.96. 166,489 shares of the stock were exchanged, compared to its average volume of 263,063. The company has a 50 day simple moving average of $155.75 and a 200 day simple moving average of $140.12. The stock has a market capitalization of $6.93 billion, a P/E ratio of 15.34 and a beta of 1.30. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. Ryder System, Inc. has a twelve month low of $105.09 and a twelve month high of $171.78.
Ryder System (NYSE:R - Get Free Report) last posted its earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, beating the consensus estimate of $3.39 by $0.05. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The firm 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 EPS. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities analysts expect that Ryder System, Inc. will post 12.01 earnings per share for the current year.
Ryder System Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders 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 dividend yield of 1.98%. Ryder System's dividend payout ratio (DPR) is currently 30.31%.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the company. StockNews.com cut Ryder System from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. dropped their price objective on shares of Ryder System from $148.00 to $144.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $140.57.
Read Our Latest Research Report on R
About Ryder System
(
Free Report)
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.
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