Private Advisor Group LLC Lowers Stock Position in Ryder System, Inc. (NYSE:R)

Private Advisor Group LLC lowered its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 12.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 13,997 shares of the transportation company's stock after selling 1,964 shares during the quarter. Private Advisor Group LLC's holdings in Ryder System were worth $2,013,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in R. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Ryder System in the first quarter valued at approximately $26,000. Curat Global LLC acquired a new position in Ryder System in the first quarter valued at approximately $55,000. Kapitalo Investimentos Ltda acquired a new position in Ryder System in the fourth quarter valued at approximately $59,000. New Age Alpha Advisors LLC acquired a new position in Ryder System in the fourth quarter valued at approximately $86,000. Finally, Group One Trading LLC lifted its holdings in Ryder System by 553.0% in the fourth quarter. Group One Trading LLC now owns 653 shares of the transportation company's stock valued at $102,000 after acquiring an additional 553 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Insider Activity at Ryder System

In other news, CEO Robert E. Sanchez sold 18,496 shares of the company's stock in a transaction 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 owned 40,824 shares in the company, valued at $6,357,521.52. This represents a 31.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director E Follin Smith sold 1,243 shares of the business'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 completion of the transaction, the director directly owned 39,802 shares in the company, valued at $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 owned by company insiders.

Ryder System Trading Up 3.1%

NYSE:R traded up $5.48 during trading hours on Friday, hitting $182.61. The stock had a trading volume of 510,540 shares, compared to its average volume of 396,980. The business's 50 day moving average is $159.77 and its 200-day moving average is $153.85. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.73 and a current ratio of 1.10. Ryder System, Inc. has a one year low of $123.36 and a one year high of $183.17. The company has a market cap of $7.55 billion, a price-to-earnings ratio of 15.53 and a beta of 0.97.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, beating analysts' consensus estimates of $3.11 by $0.21. The firm had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $3.17 billion. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The company's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company posted $3.00 earnings per share. Sell-side analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be given a dividend of $0.91 per share. The ex-dividend date is Monday, August 18th. This is an increase from Ryder System's previous quarterly dividend of $0.81. This represents a $3.64 annualized dividend and a yield of 1.99%. Ryder System's dividend payout ratio (DPR) is currently 27.55%.

Analysts Set New Price Targets

R has been the topic of a number of analyst reports. Barclays initiated coverage on Ryder System in a research note on Monday, June 9th. They issued an "overweight" rating and a $190.00 price target on the stock. Robert W. Baird initiated coverage on Ryder System in a research note on Tuesday, July 1st. They issued an "outperform" rating and a $186.00 price target on the stock. Stephens cut their price target on 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. Wolfe Research upgraded Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price target on the stock in a research note on Tuesday, July 1st. Finally, Susquehanna assumed coverage on Ryder System in a report on Tuesday, July 15th. They set a "positive" rating and a $215.00 price objective on the stock. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Ryder System currently has a consensus rating of "Moderate Buy" and a consensus target price of $179.43.

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.