Victory Capital Management Inc. Cuts Stock Position in Ryder System, Inc. (NYSE:R)

Victory Capital Management Inc. reduced its stake in Ryder System, Inc. (NYSE:R - Free Report) by 8.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 420,564 shares of the transportation company's stock after selling 39,570 shares during the period. Victory Capital Management Inc. owned approximately 0.99% of Ryder System worth $61,318,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Ryder System by 2.1% in the first quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation company's stock valued at $627,800,000 after purchasing an additional 109,930 shares during the period. Earnest Partners LLC grew its position 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 purchasing an additional 62,815 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Ryder System by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company's stock worth $213,345,000 after acquiring an additional 31,550 shares in the last quarter. American Century Companies Inc. lifted its stake in Ryder System by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 890,877 shares of the transportation company's stock valued at $110,362,000 after buying an additional 17,009 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Ryder System by 4.7% in the 2nd quarter. Sei Investments Co. now owns 847,581 shares of the transportation company's stock valued at $104,997,000 after buying an additional 37,991 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors.

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 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 transaction, the insider now directly owns 20,504 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on R shares. JPMorgan Chase & Co. decreased their price objective on shares of Ryder System from $148.00 to $144.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. Robert W. Baird upped 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. Finally, StockNews.com downgraded shares of Ryder System from a "buy" rating to a "hold" rating in a research note 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's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $140.57.

Ryder System Stock Down 1.6 %

Shares of NYSE:R traded down $2.73 during midday trading on Friday, reaching $162.94. The company had a trading volume of 89,257 shares, compared to its average volume of 263,634. Ryder System, Inc. has a 1-year low of $104.44 and a 1-year high of $170.20. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. The stock has a market cap of $6.89 billion, a PE ratio of 15.50 and a beta of 1.28. The business's 50 day moving average price is $147.28 and its 200 day moving average price is $134.85.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, beating the consensus estimate of $3.39 by $0.05. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The company's revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.58 earnings per share. Research analysts forecast that Ryder System, Inc. will post 12.01 EPS for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System's dividend payout ratio (DPR) is presently 30.31%.

Ryder System Company 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.