Fifth Third Bancorp Trims Holdings in Ryder System, Inc. (NYSE:R)

Fifth Third Bancorp lessened its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 14.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,439 shares of the transportation company's stock after selling 2,456 shares during the quarter. Fifth Third Bancorp's holdings in Ryder System were worth $2,076,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of R. Invst LLC raised its stake in Ryder System by 0.7% during the 4th quarter. Invst LLC now owns 8,315 shares of the transportation company's stock worth $1,304,000 after acquiring an additional 61 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Ryder System by 1.6% during the fourth quarter. Deutsche Bank AG now owns 4,136 shares of the transportation company's stock worth $649,000 after purchasing an additional 65 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Ryder System by 0.9% during the fourth quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company's stock worth $1,282,000 after purchasing an additional 68 shares in the last quarter. Savant Capital LLC boosted its position in shares of Ryder System by 3.6% in the 4th quarter. Savant Capital LLC now owns 2,438 shares of the transportation company's stock valued at $382,000 after purchasing an additional 84 shares during the period. Finally, Baird Financial Group Inc. boosted its position in shares of Ryder System by 0.9% in the 4th quarter. Baird Financial Group Inc. now owns 9,826 shares of the transportation company's stock valued at $1,541,000 after purchasing an additional 90 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Stock Performance

Shares of Ryder System stock traded up $1.75 on Wednesday, reaching $152.41. 129,111 shares of the stock were exchanged, compared to its average volume of 325,349. The firm has a market capitalization of $6.30 billion, a PE ratio of 13.29 and a beta of 0.97. Ryder System, Inc. has a 1-year low of $117.17 and a 1-year high of $171.78. The business has a fifty day moving average price of $146.42 and a two-hundred day moving average price of $152.57. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.21.

Ryder System (NYSE:R - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.40 by $0.06. Ryder System had a return on equity of 17.64% and a net margin of 3.96%. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the business posted $2.14 EPS. The company's revenue for the quarter was up 1.1% on a year-over-year basis. As a group, research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 19th will be given a dividend of $0.81 per share. The ex-dividend date is Monday, May 19th. This represents a $3.24 annualized dividend and a yield of 2.13%. Ryder System's payout ratio is currently 28.25%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on R shares. JPMorgan Chase & Co. reduced their price objective on Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Barclays began coverage on shares of Ryder System in a research note on Monday, June 9th. They set an "overweight" rating and a $190.00 price target for the company. Wall Street Zen lowered shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, Stephens decreased their target price 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.00.

Insider Buying and Selling at Ryder System

In other news, CEO Robert E. Sanchez sold 18,496 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total value of $2,880,382.08. Following the sale, the chief executive officer now directly owns 40,824 shares in the company, valued at $6,357,521.52. This represents a 31.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director E Follin Smith sold 1,243 shares of Ryder System stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $144.38, for a total value of $179,464.34. Following the transaction, the director now owns 39,802 shares of the company's stock, valued at $5,746,612.76. This represents a 3.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate 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.