Pacific Heights Asset Management LLC Cuts Stock Holdings in Ryder System, Inc. (NYSE:R)

Pacific Heights Asset Management LLC cut its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 55.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,000 shares of the transportation company's stock after selling 100,000 shares during the period. Pacific Heights Asset Management LLC owned about 0.19% of Ryder System worth $11,505,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of Ryder System in the fourth quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Ryder System in the first quarter valued at about $26,000. Kapitalo Investimentos Ltda purchased a new position in shares of Ryder System in the fourth quarter valued at about $59,000. Curat Global LLC purchased a new position in shares of Ryder System in the first quarter valued at about $55,000. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Ryder System in the fourth quarter valued at about $86,000. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ryder System

In other Ryder System news, Director E Follin Smith sold 1,243 shares of the business's stock in a transaction that occurred 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 sale, the director owned 39,802 shares of the company's stock, valued at $5,746,612.76. The trade was a 3.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert E. Sanchez sold 18,496 shares of the business'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 owned 40,824 shares of the company's stock, valued at approximately $6,357,521.52. This trade represents a 31.18% decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

Ryder System Stock Up 0.0%

Shares of R traded up $0.09 during midday trading on Friday, hitting $171.68. 236,926 shares of the company's stock traded hands, compared to its average volume of 325,240. Ryder System, Inc. has a 1 year low of $117.17 and a 1 year high of $172.67. The firm's fifty day moving average is $151.99 and its 200-day moving average is $152.18. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.21. 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 EPS 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 firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the business posted $2.14 EPS. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, May 19th were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Monday, May 19th. Ryder System's dividend payout ratio (DPR) is presently 28.25%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on R. Stephens reduced their target price on Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Robert W. Baird began coverage on Ryder System in a research note on Tuesday, July 1st. They set an "outperform" rating and a $186.00 price objective on the stock. Wall Street Zen cut Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Wolfe Research raised Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price objective on the stock in a research note on Tuesday, July 1st. Finally, Barclays began coverage on Ryder System in a research note on Monday, June 9th. They set an "overweight" rating and a $190.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $172.17.

Ryder System 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.