Man Group plc Lowers Stake in Ryder System, Inc. (NYSE:R)

Man Group plc cut its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 95.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,300 shares of the transportation company's stock after selling 27,851 shares during the quarter. Man Group plc's holdings in Ryder System were worth $204,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in R. Wealthfront Advisers LLC acquired a new stake in shares of Ryder System in the fourth quarter valued at $314,075,000. Earnest Partners LLC increased its position in Ryder System by 2.4% in the fourth quarter. Earnest Partners LLC now owns 1,905,223 shares of the transportation company's stock worth $298,853,000 after purchasing an additional 45,393 shares during the period. Sei Investments Co. increased its position in Ryder System by 1.6% in the fourth quarter. Sei Investments Co. now owns 856,507 shares of the transportation company's stock worth $134,351,000 after purchasing an additional 13,529 shares during the period. American Century Companies Inc. increased its position in Ryder System by 0.3% in the fourth quarter. American Century Companies Inc. now owns 843,895 shares of the transportation company's stock worth $132,373,000 after purchasing an additional 2,121 shares during the period. Finally, FMR LLC boosted its holdings in Ryder System by 3.1% during the fourth quarter. FMR LLC now owns 805,571 shares of the transportation company's stock worth $126,362,000 after buying an additional 24,052 shares during the last quarter. 87.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Ryder System news, CEO Robert E. Sanchez sold 18,496 shares of Ryder System stock in a transaction dated 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 owns 40,824 shares of the company's stock, valued at approximately $6,357,521.52. The trade was a 31.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director E Follin Smith sold 1,243 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $144.38, for a total transaction of $179,464.34. Following the completion of the sale, the director now directly owns 39,802 shares in the company, valued at approximately $5,746,612.76. This trade represents a 3.03% decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

Ryder System Price Performance

NYSE:R traded up $0.30 on Thursday, hitting $150.44. The company had a trading volume of 256,275 shares, compared to its average volume of 320,127. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 13.57 and a beta of 0.94. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The firm has a 50 day moving average of $143.99 and a two-hundred day moving average of $154.05. Ryder System, Inc. has a 52 week low of $116.58 and a 52 week high of $171.78.

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

Ryder System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors 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 yield of 2.15%. The ex-dividend date is Monday, May 19th. Ryder System's dividend payout ratio is presently 28.25%.

Wall Street Analysts Forecast Growth

R has been the topic of several analyst reports. Stephens cut their price target on shares of Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. 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, JPMorgan Chase & Co. decreased their price target 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Ryder System has an average rating of "Moderate Buy" and an average price target 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.