Axa S.A. Sells 6,837 Shares of Ryder System, Inc. (NYSE:R)

AXA S.A. reduced its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 12.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,190 shares of the transportation company's stock after selling 6,837 shares during the quarter. AXA S.A. owned 0.12% of Ryder System worth $7,716,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of Ryder System by 13.1% in the third quarter. Barclays PLC now owns 28,780 shares of the transportation company's stock valued at $4,196,000 after purchasing an additional 3,344 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Ryder System during the third quarter worth $34,000. Franklin Resources Inc. boosted its position in Ryder System by 14.3% in the third quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company's stock worth $20,724,000 after purchasing an additional 17,074 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Ryder System by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 145,353 shares of the transportation company's stock valued at $21,192,000 after purchasing an additional 10,446 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Ryder System by 27.3% during the fourth quarter. GAMMA Investing LLC now owns 901 shares of the transportation company's stock valued at $141,000 after buying an additional 193 shares during the period. 87.47% of the stock is owned by institutional investors.

Insider Activity at Ryder System

In related news, Director E Follin Smith sold 1,243 shares of Ryder System stock in a transaction on Monday, May 5th. The shares were sold at an average price of $144.38, for a total value of $179,464.34. Following the sale, the director now owns 39,802 shares in the company, valued at $5,746,612.76. The trade was a 3.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.20% of the stock is currently owned by company insiders.

Ryder System Price Performance

Shares of Ryder System stock traded down $1.84 during trading on Friday, hitting $144.72. The stock had a trading volume of 281,346 shares, compared to its average volume of 312,762. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System, Inc. has a 12 month low of $116.58 and a 12 month high of $171.78. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 13.05 and a beta of 0.94. The business's 50-day moving average is $141.37 and its 200 day moving average is $153.68.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.40 by $0.06. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The company's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the company posted $2.14 EPS. As a group, sell-side analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 19th will be paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Monday, May 19th. Ryder System's dividend payout ratio (DPR) is presently 28.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Stephens decreased their price target on shares of Ryder System from $168.00 to $150.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. decreased their target price on Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, StockNews.com cut Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Three 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 has an average rating of "Moderate Buy" and an average target price of $160.50.

About Ryder System

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.