Peregrine Capital Management LLC Sells 2,678 Shares of Ryder System, Inc. (NYSE:R)

Peregrine Capital Management LLC lessened its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 4.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 58,277 shares of the transportation company's stock after selling 2,678 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.14% of Ryder System worth $8,381,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of R. Invst LLC grew its stake in shares of Ryder System by 0.7% in the fourth 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 position in shares of 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 during the last quarter. Baird Financial Group Inc. increased its stake in shares of Ryder System by 0.9% in the fourth quarter. Baird Financial Group Inc. now owns 9,826 shares of the transportation company's stock valued at $1,541,000 after buying an additional 90 shares during the period. SummerHaven Investment Management LLC raised its position in shares of Ryder System by 1.4% during the first quarter. SummerHaven Investment Management LLC now owns 6,534 shares of the transportation company's stock worth $940,000 after acquiring an additional 90 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Ryder System by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 4,928 shares of the transportation company's stock worth $708,000 after acquiring an additional 105 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Robert E. Sanchez sold 18,496 shares of Ryder System 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 sale, the chief executive officer directly owned 40,824 shares in the company, valued at $6,357,521.52. The trade was a 31.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director E Follin Smith sold 1,243 shares of the firm's stock in a transaction dated 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 owned 39,802 shares of the company's stock, valued at $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 Stock Up 0.0%

Shares of Ryder System stock traded up $0.09 on Thursday, hitting $171.68. The company had a trading volume of 236,926 shares, compared to its average volume of 324,783. Ryder System, Inc. has a 1 year low of $117.17 and a 1 year high of $173.59. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a 50 day moving average of $150.65 and a 200-day moving average of $152.09. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of 14.97 and a beta of 0.97.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $3.17 billion. During the same period last year, the business earned $2.14 EPS. The business's revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts forecast 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 was paid on Friday, June 20th. Shareholders of record on Monday, May 19th were given a dividend of $0.81 per share. The ex-dividend date was Monday, May 19th. This represents a $3.24 annualized dividend and a dividend yield of 1.89%. Ryder System's dividend payout ratio is currently 28.25%.

Analysts Set New Price Targets

A number of research firms have weighed in on R. Baird R W raised shares of Ryder System to a "strong-buy" rating in a research report on Tuesday. Robert W. Baird initiated coverage on shares of Ryder System in a research report on Tuesday. They set an "outperform" rating and a $186.00 price objective for the company. Barclays initiated coverage on shares of Ryder System in a report on Monday, June 9th. They issued an "overweight" rating and a $190.00 target price on the stock. Wolfe Research raised Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price objective for the company in a research report on Tuesday. Finally, Wall Street Zen downgraded Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $172.17.

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.