Whitebox Advisors LLC Reduces Stock Holdings in Ryder System, Inc. (NYSE:R)

Whitebox Advisors LLC lowered its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 45.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,014 shares of the transportation company's stock after selling 8,500 shares during the quarter. Whitebox Advisors LLC's holdings in Ryder System were worth $1,460,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Cetera Investment Advisers increased its stake in shares of Ryder System by 405.3% in the 1st quarter. Cetera Investment Advisers now owns 16,291 shares of the transportation company's stock valued at $1,958,000 after purchasing an additional 13,067 shares in the last quarter. GAMMA Investing LLC grew its stake in Ryder System by 44.0% in the 2nd quarter. GAMMA Investing LLC now owns 589 shares of the transportation company's stock valued at $73,000 after acquiring an additional 180 shares during the period. CWM LLC raised its position 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 period. QRG Capital Management Inc. lifted its holdings in Ryder System by 5.5% during the second quarter. QRG Capital Management Inc. now owns 17,297 shares of the transportation company's stock valued at $2,143,000 after purchasing an additional 898 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Ryder System by 5.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 5,255 shares of the transportation company's stock valued at $651,000 after purchasing an additional 280 shares during the period. Hedge funds and other institutional investors own 87.47% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity at Ryder System

In other 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 transaction of $629,760.00. Following the completion of the sale, the insider now directly owns 20,504 shares of the company's stock, valued at approximately $3,228,149.76. The trade was a 16.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.10% of the company's stock.

Ryder System Trading Down 0.3 %

Shares of R stock traded down $0.43 during trading on Friday, hitting $164.21. 150,390 shares of the stock traded hands, compared to its average volume of 260,383. The firm has a market capitalization of $6.94 billion, a P/E ratio of 15.34 and a beta of 1.30. Ryder System, Inc. has a 52-week low of $105.09 and a 52-week high of $171.78. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. The firm's fifty day moving average price is $155.00 and its 200-day moving average price is $139.29.

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 for the quarter, topping 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 company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter last year, the firm posted $3.58 earnings per share. Ryder System's revenue was up 8.3% compared to the same quarter last year. As a group, research analysts forecast that Ryder System, Inc. will post 12.01 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors 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 yield of 1.97%. The ex-dividend date is Monday, November 18th. Ryder System's dividend payout ratio (DPR) is 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.