Principal Financial Group Inc. Has $14.60 Million Stake in Ryder System, Inc. (NYSE:R)

Principal Financial Group Inc. trimmed its position in Ryder System, Inc. (NYSE:R - Free Report) by 31.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,164 shares of the transportation company's stock after selling 45,734 shares during the period. Principal Financial Group Inc. owned 0.24% of Ryder System worth $14,604,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC bought a new stake in Ryder System during the third quarter valued at $28,000. Altshuler Shaham Ltd acquired a new position in shares of Ryder System in the 2nd quarter valued at about $29,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Ryder System during the 3rd quarter valued at about $34,000. UMB Bank n.a. raised 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 period. Finally, Ashton Thomas Private Wealth LLC bought a new position in Ryder System in the second quarter worth about $51,000. 87.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on R. The Goldman Sachs Group boosted their price target on shares of Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a report on Thursday, December 12th. 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. Finally, StockNews.com cut shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $147.43.

Ryder System Trading Down 0.4 %

Shares of NYSE R traded down $0.64 during mid-day trading on Friday, hitting $159.33. 152,198 shares of the company traded hands, compared to its average volume of 266,644. The business has a 50 day moving average of $158.99 and a two-hundred day moving average of $143.60. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 14.90 and a beta of 1.30. Ryder System, Inc. has a 1 year low of $106.62 and a 1 year high of $171.78. 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 (NYSE:R - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS 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 business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the prior year, the firm earned $3.58 EPS. The firm's quarterly revenue was up 8.3% on a year-over-year basis. On average, sell-side analysts anticipate that Ryder System, Inc. will post 12.01 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, November 18th were given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Monday, November 18th. Ryder System's dividend payout ratio (DPR) is 30.31%.

Insider Activity at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the transaction, the insider now owns 20,504 shares in the company, valued at $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.10% of the stock is currently owned by insiders.

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.