4,190 Ryder System, Inc. $R Shares Sold by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP cut its holdings in Ryder System, Inc. (NYSE:R) by 46.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,820 shares of the transportation company’s stock after selling 4,190 shares during the period. Fulcrum Asset Management LLP’s holdings in Ryder System were worth $1,113,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in shares of Ryder System during the 2nd quarter valued at about $4,587,000. Hsbc Holdings PLC grew its position in shares of Ryder System by 104.2% during the second quarter. Hsbc Holdings PLC now owns 56,403 shares of the transportation company’s stock valued at $14,773,000 after purchasing an additional 28,775 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Ryder System by 9.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 194,632 shares of the transportation company’s stock worth $39,843,000 after purchasing an additional 16,070 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Ryder System by 23.6% in the first quarter. California State Teachers Retirement System now owns 48,030 shares of the transportation company’s stock worth $9,832,000 after purchasing an additional 9,179 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of Ryder System in the second quarter worth about $4,889,000. 87.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup reissued a “market perform” rating on shares of Ryder System in a research note on Friday, October 23rd. Robert W. Baird downgraded Ryder System from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $290.00 to $245.00 in a research note on Tuesday, September 29th. JPMorgan Chase & Co. lifted their price objective on Ryder System from $298.00 to $315.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Wells Fargo & Company upped their price objective on Ryder System from $300.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a research report on Monday, August 24th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $296.67.

Insider Activity

In other news, insider Robert E. Sanchez sold 26,350 shares of the firm’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $281.29, for a total value of $7,411,991.50. Following the completion of the sale, the insider owned 42,481 shares in the company, valued at approximately $11,949,480.49. This trade represents a 38.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas M. Havens sold 5,500 shares of Ryder System stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $283.13, for a total transaction of $1,557,215.00. Following the transaction, the insider directly owned 27,574 shares of the company’s stock, valued at approximately $7,807,026.62. This represents a 16.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 44,384 shares of company stock worth $12,522,852. 4.90% of the stock is currently owned by insiders.

Ryder System Trading Up 0.2%

Shares of NYSE R opened at $282.30 on Thursday. The business’s 50 day moving average is $250.15 and its two-hundred day moving average is $240.64. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.67 and a quick ratio of 0.67. Ryder System, Inc. has a 1-year low of $161.41 and a 1-year high of $291.02. The stock has a market capitalization of $10.79 billion, a P/E ratio of 21.52 and a beta of 1.04.

Ryder System (NYSE:R) last announced its earnings results on Thursday, October 22nd. The transportation company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.15 by $0.18. Ryder System had a return on equity of 19.14% and a net margin of 3.98%. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the previous year, the business earned $3.57 EPS. The company’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, research analysts expect that Ryder System, Inc. will post 15.07 EPS for the current year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Monday, November 23rd will be given a dividend of $1.01 per share. The ex-dividend date is Monday, November 23rd. This represents a $4.04 dividend on an annualized basis and a yield of 1.4%. Ryder System’s payout ratio is 30.79%.

Ryder System Company Profile

Ryder System, Inc. is a transportation and logistics company founded in 1933 by James Ryder in Miami, Florida. It serves businesses across the United States, Canada and Mexico. The company’s services include commercial truck leasing and rental, fleet maintenance, and the sale of used vehicles. Ryder also provides supply chain services such as warehousing, distribution and transportation, along with dedicated transportation solutions that manage fleets and drivers for customers. Ryder is organized around Fleet Management Solutions, Supply Chain Solutions and Dedicated Transportation Solutions.