Ryder System, Inc. (NYSE:R) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lowered its position in Ryder System, Inc. (NYSE:R - Free Report) by 79.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,404 shares of the transportation company's stock after selling 20,596 shares during the period. Healthcare of Ontario Pension Plan Trust Fund's holdings in Ryder System were worth $669,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC grew its position in shares of Ryder System by 116.5% in the 1st quarter. Janus Henderson Group PLC now owns 47,459 shares of the transportation company's stock worth $5,704,000 after buying an additional 25,533 shares during the last quarter. Caxton Associates LP grew its position in Ryder System by 206.9% during the 1st quarter. Caxton Associates LP now owns 8,319 shares of the transportation company's stock worth $1,000,000 after purchasing an additional 5,608 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in Ryder System by 41.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 49,303 shares of the transportation company's stock worth $5,926,000 after purchasing an additional 14,360 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in Ryder System during the 1st quarter worth approximately $463,000. Finally, Sei Investments Co. grew its position in Ryder System by 7.0% during the 1st quarter. Sei Investments Co. now owns 809,590 shares of the transportation company's stock worth $97,301,000 after purchasing an additional 53,288 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on R shares. Robert W. Baird boosted their target price on shares of Ryder System from $140.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday, July 26th. Morgan Stanley assumed coverage on shares of Ryder System in a research note on Monday, June 24th. They set an "overweight" rating and a $165.00 price objective for the company. Vertical Research upgraded shares of Ryder System from a "hold" rating to a "buy" rating and lifted their price objective for the company from $125.00 to $145.00 in a research note on Friday, June 14th. Stephens assumed coverage on shares of Ryder System in a research note on Monday, July 8th. They set an "equal weight" rating for the company. Finally, StockNews.com cut shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Monday. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $137.86.

Insider Activity at Ryder System

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of the company's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $139.32, for a total value of $1,773,543.60. Following the completion of the sale, the executive vice president now owns 47,779 shares of the company's stock, valued at approximately $6,656,570.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 5.10% of the stock is currently owned by insiders.

Ryder System Price Performance

Shares of Ryder System stock traded up $2.46 during trading hours on Wednesday, reaching $148.45. 177,511 shares of the company's stock were exchanged, compared to its average volume of 259,979. Ryder System, Inc. has a 1 year low of $91.31 and a 1 year high of $150.00. The company has a market capitalization of $6.51 billion, a P/E ratio of 19.33 and a beta of 1.28. The business has a fifty day moving average of $139.75 and a two-hundred day moving average of $128.63. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09.

Ryder System (NYSE:R - Get Free Report) last released its earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.87 by $0.13. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the prior year, the firm earned $3.61 earnings per share. The company's revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, research analysts predict that Ryder System, Inc. will post 12.19 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Monday, August 19th were issued a $0.81 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.18%. This is a positive change from Ryder System's previous quarterly dividend of $0.71. Ryder System's dividend payout ratio is currently 42.19%.

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.