Ryder System, Inc. (NYSE:R) Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lowered its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 60.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,522 shares of the transportation company's stock after selling 18,860 shares during the period. Jefferies Financial Group Inc.'s holdings in Ryder System were worth $1,964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Invst LLC increased its position in shares of 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 purchasing an additional 61 shares during the last quarter. Deutsche Bank AG grew its holdings in Ryder System by 1.6% in the 4th quarter. Deutsche Bank AG now owns 4,136 shares of the transportation company's stock valued at $649,000 after buying an additional 65 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Ryder System by 0.9% during the 4th quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company's stock valued at $1,282,000 after acquiring an additional 68 shares during the period. Savant Capital LLC lifted its position in shares of Ryder System by 3.6% during the 4th quarter. Savant Capital LLC now owns 2,438 shares of the transportation company's stock valued at $382,000 after acquiring an additional 84 shares during the period. Finally, Baird Financial Group Inc. lifted its position in shares of Ryder System by 0.9% during the 4th quarter. Baird Financial Group Inc. now owns 9,826 shares of the transportation company's stock worth $1,541,000 after buying an additional 90 shares during the last quarter. Institutional investors own 87.47% of the company's stock.

Ryder System Price Performance

NYSE:R traded down $3.79 on Friday, reaching $146.92. 1,121,665 shares of the company's stock traded hands, compared to its average volume of 323,884. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The stock has a 50-day simple moving average of $144.03 and a 200-day simple moving average of $153.75. The firm has a market cap of $6.07 billion, a PE ratio of 13.25 and a beta of 0.94. Ryder System, Inc. has a 12 month low of $116.58 and a 12 month high of $171.78.

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

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, May 19th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Monday, May 19th. Ryder System's dividend payout ratio (DPR) is 28.25%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on R shares. Wall Street Zen cut Ryder System from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. JPMorgan Chase & Co. dropped their target price on Ryder System from $174.00 to $165.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, Stephens decreased their target price on Ryder System from $168.00 to $150.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $160.50.

Insider Buying and Selling

In related news, CEO Robert E. Sanchez sold 18,496 shares of Ryder System 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 completion of the sale, the chief executive officer now owns 40,824 shares in the company, valued at approximately $6,357,521.52. This trade represents a 31.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director E Follin Smith sold 1,243 shares of Ryder System stock in a transaction on Monday, May 5th. The stock was sold at an average price of $144.38, for a total transaction of $179,464.34. Following the sale, the director now directly owns 39,802 shares of the company's stock, valued at approximately $5,746,612.76. This trade 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 insiders.

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.