Ryder System, Inc. (NYSE:R) Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its stake in Ryder System by 1.6% during the first quarter, now owning approximately $15.76 million worth of shares.
• Ryder System reported $3.32 earnings per share for the latest quarter, exceeding analyst expectations and showing a 0.2% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.91 per share, increasing from the previous dividend of $0.81, with a current dividend yield of 2.0%.

Russell Investments Group Ltd. reduced its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 1.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,609 shares of the transportation company's stock after selling 1,727 shares during the quarter. Russell Investments Group Ltd. owned 0.27% of Ryder System worth $15,761,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in shares of Ryder System by 8.5% during the 1st quarter. HighTower Advisors LLC now owns 8,441 shares of the transportation company's stock worth $1,214,000 after buying an additional 664 shares during the last quarter. AIA Group Ltd raised its position in Ryder System by 19.1% during the first quarter. AIA Group Ltd now owns 4,400 shares of the transportation company's stock worth $633,000 after acquiring an additional 707 shares during the last quarter. Nuveen LLC acquired a new position in Ryder System during the first quarter worth about $18,204,000. Entropy Technologies LP purchased a new stake in shares of Ryder System in the first quarter valued at about $506,000. Finally, Atlas Capital Advisors Inc. grew its position in shares of Ryder System by 32.9% in the first quarter. Atlas Capital Advisors Inc. now owns 4,016 shares of the transportation company's stock valued at $578,000 after purchasing an additional 994 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Stock Performance

NYSE R opened at $179.94 on Friday. The business's 50-day moving average price is $168.16 and its 200 day moving average price is $155.51. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27. Ryder System, Inc. has a twelve month low of $125.54 and a twelve month high of $184.76. The company has a market capitalization of $7.34 billion, a PE ratio of 15.30 and a beta of 1.00.

Ryder System (NYSE:R - Get Free Report) last posted its earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.11 by $0.21. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the company earned $3.00 EPS. The company's revenue was up .2% on a year-over-year basis. On average, research analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current 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 issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, August 18th. This is a positive change from Ryder System's previous quarterly dividend of $0.81. Ryder System's dividend payout ratio (DPR) is presently 27.55%.

Insider Buying and Selling at Ryder System

In other news, insider Thomas M. Havens sold 6,500 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $181.77, for a total value of $1,181,505.00. Following the completion of the sale, the insider owned 32,478 shares of the company's stock, valued at $5,903,526.06. This represents a 16.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the firm's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $180.87, for a total value of $180,870.00. Following the sale, the chief financial officer owned 26,561 shares in the company, valued at approximately $4,804,088.07. The trade was a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,082 shares of company stock worth $9,340,250. Insiders own 5.20% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on R. Morgan Stanley lifted their price objective on Ryder System from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Baird R W raised Ryder System to a "strong-buy" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. upped their price objective on Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Stephens increased their price objective on Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Finally, Robert W. Baird lifted their price objective on Ryder System from $186.00 to $192.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Ryder System presently has a consensus rating of "Moderate Buy" and an average target price of $186.50.

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.

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