Ryder System, Inc. (NYSE:R) Shares Sold by Cambridge Financial Group Inc.

Cambridge Financial Group Inc. cut its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 17.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,065 shares of the transportation company's stock after selling 13,478 shares during the quarter. Ryder System accounts for approximately 3.6% of Cambridge Financial Group Inc.'s investment portfolio, making the stock its 7th largest position. Cambridge Financial Group Inc. owned 0.14% of Ryder System worth $7,256,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Wellington Management Group LLP raised its position in Ryder System by 1,051.0% during the third quarter. Wellington Management Group LLP now owns 2,551,559 shares of the transportation company's stock valued at $272,889,000 after purchasing an additional 2,329,880 shares during the period. Earnest Partners LLC lifted its position in Ryder System by 2.5% in the third quarter. Earnest Partners LLC now owns 1,666,621 shares of the transportation company's stock worth $178,245,000 after buying an additional 40,086 shares during the last quarter. LSV Asset Management boosted its stake in Ryder System by 3.8% during the fourth quarter. LSV Asset Management now owns 1,629,618 shares of the transportation company's stock worth $187,504,000 after buying an additional 59,156 shares during the period. AQR Capital Management LLC boosted its stake in Ryder System by 12.3% during the third quarter. AQR Capital Management LLC now owns 845,253 shares of the transportation company's stock worth $90,400,000 after buying an additional 92,760 shares during the period. Finally, American Century Companies Inc. increased its position in Ryder System by 7.9% during the third quarter. American Century Companies Inc. now owns 775,382 shares of the transportation company's stock valued at $82,927,000 after acquiring an additional 56,851 shares during the last quarter. Institutional investors own 87.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on R shares. JPMorgan Chase & Co. boosted their price objective on Ryder System from $120.00 to $126.00 and gave the company a "neutral" rating in a report on Wednesday, April 24th. The Goldman Sachs Group upped their price target on shares of Ryder System from $122.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Stephens lifted their price objective on shares of Ryder System from $113.00 to $120.00 and gave the company an "equal weight" rating in a report on Wednesday, April 24th. StockNews.com upgraded shares of Ryder System from a "hold" rating to a "buy" rating in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company lifted their price target on shares of Ryder System from $100.00 to $120.00 and gave the company an "equal weight" rating in a research note on Thursday, February 15th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $126.83.

Ryder System Stock Performance

NYSE:R traded down $0.05 during trading hours on Friday, hitting $124.66. 179,024 shares of the company were exchanged, compared to its average volume of 289,915. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.82 and a quick ratio of 0.82. Ryder System, Inc. has a 52-week low of $77.60 and a 52-week high of $127.21. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 16.23 and a beta of 1.38. The company's 50 day moving average price is $116.30 and its 200-day moving average price is $111.57.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.43. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the business earned $2.81 EPS. The company's quarterly revenue was up 4.9% compared to the same quarter last year. As a group, research analysts forecast that Ryder System, Inc. will post 11.98 earnings per share for the current year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Monday, May 20th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.28%. Ryder System's dividend payout ratio is currently 36.98%.

Insider Buying and Selling at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 8,000 shares of the company's stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $119.40, for a total value of $955,200.00. Following the sale, the insider now owns 24,401 shares in the company, valued at approximately $2,913,479.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CMO Karen M. Jones sold 7,737 shares of the company's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the completion of the transaction, the chief marketing officer now owns 12,396 shares of the company's stock, valued at approximately $1,406,698.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas M. Havens sold 8,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $119.40, for a total value of $955,200.00. Following the transaction, the insider now owns 24,401 shares in the company, valued at approximately $2,913,479.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,408 shares of company stock worth $2,270,631. Insiders own 5.10% of the company's stock.

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.