Ryder System, Inc. (NYSE:R) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 54.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,203 shares of the transportation company's stock after selling 23,162 shares during the period. Janus Henderson Group PLC's holdings in Ryder System were worth $3,013,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Keystone Financial Group Inc. acquired a new position in shares of Ryder System in the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Ryder System in the 4th quarter valued at about $26,000. R Squared Ltd acquired a new position in shares of Ryder System in the 4th quarter valued at about $45,000. Principal Securities Inc. lifted its stake in shares of Ryder System by 36.5% in the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after purchasing an additional 92 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Ryder System by 36.6% during the 4th quarter. UMB Bank n.a. now owns 362 shares of the transportation company's stock valued at $57,000 after buying an additional 97 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Stock Down 0.7%

R stock traded down $1.05 during midday trading on Friday, hitting $149.27. 250,754 shares of the company's stock were exchanged, compared to its average volume of 318,797. 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 50 day moving average price of $143.29 and a 200-day moving average price of $154.37. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 13.46 and a beta of 0.94.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the previous year, the business earned $2.14 EPS. Ryder System's revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 19th will be issued 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 2.17%. Ryder System's dividend payout ratio is presently 28.25%.

Insider Activity

In related news, CEO Robert E. Sanchez sold 18,496 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $155.73, for a total transaction of $2,880,382.08. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director E Follin Smith sold 1,243 shares of the company's stock in a transaction 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 approximately $5,746,612.76. The trade was a 3.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company's stock.

Analyst Ratings Changes

R has been the subject of several recent research reports. Wall Street Zen downgraded shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Stephens dropped their price objective on shares of Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Ryder System has a consensus rating of "Moderate Buy" and a consensus target price of $160.50.

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.