Intech Investment Management LLC Sells 4,659 Shares of Ryder System, Inc. (NYSE:R)

Intech Investment Management LLC lowered its stake in Ryder System, Inc. (NYSE:R - Free Report) by 32.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,852 shares of the transportation company's stock after selling 4,659 shares during the period. Intech Investment Management LLC's holdings in Ryder System were worth $1,436,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Earnest Partners LLC grew its holdings in Ryder System by 3.4% during the 2nd quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company's stock worth $237,298,000 after acquiring an additional 62,815 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Ryder System by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company's stock worth $213,345,000 after purchasing an additional 31,550 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Ryder System by 1.9% during the second quarter. American Century Companies Inc. now owns 890,877 shares of the transportation company's stock worth $110,362,000 after purchasing an additional 17,009 shares in the last quarter. Sei Investments Co. boosted its position in shares of 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 purchasing an additional 37,991 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Ryder System by 13.5% during the second quarter. Victory Capital Management Inc. now owns 460,134 shares of the transportation company's stock worth $57,001,000 after purchasing an additional 54,605 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Insider Transactions at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of the company'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 completion of the sale, the insider now owns 20,504 shares of the company's stock, valued at approximately $3,228,149.76. This represents a 16.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on R shares. StockNews.com cut shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. cut their price objective on shares of Ryder System from $148.00 to $144.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $140.57.

Ryder System Stock Performance

R traded up $0.45 on Tuesday, reaching $169.91. The company had a trading volume of 318,473 shares, compared to its average volume of 265,497. Ryder System, Inc. has a fifty-two week low of $105.09 and a fifty-two week high of $171.78. The stock has a market cap of $7.19 billion, a P/E ratio of 15.88 and a beta of 1.28. The company's fifty day moving average is $151.16 and its 200 day moving average is $136.87. 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 (NYSE:R - Get Free Report) last announced its earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the prior year, the business posted $3.58 EPS. The business's revenue was up 8.3% compared to the same quarter last year. As a group, analysts predict that Ryder System, Inc. will post 12.01 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Monday, November 18th. Ryder System's dividend payout ratio (DPR) is presently 30.31%.

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.