Ryder System, Inc. $R Shares Sold by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. trimmed its position in shares of Ryder System, Inc. (NYSE:R) by 27.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,800 shares of the transportation company’s stock after selling 33,430 shares during the period. Nippon Life Global Investors Americas Inc. owned 0.23% of Ryder System worth $19,778,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in Ryder System during the second quarter valued at approximately $4,587,000. Hsbc Holdings PLC lifted its position in Ryder System by 104.2% in the 2nd quarter. Hsbc Holdings PLC now owns 56,403 shares of the transportation company’s stock worth $14,773,000 after buying an additional 28,775 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Ryder System by 9.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 194,632 shares of the transportation company’s stock worth $39,843,000 after buying an additional 16,070 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Ryder System by 23.6% during the 1st quarter. California State Teachers Retirement System now owns 48,030 shares of the transportation company’s stock valued at $9,832,000 after buying an additional 9,179 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of Ryder System during the 2nd quarter valued at $4,889,000. 87.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ryder System

In related news, insider Robert Sanchez sold 1,653 shares of the stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $280.01, for a total value of $462,856.53. Following the completion of the sale, the insider owned 40,828 shares in the company, valued at approximately $11,432,248.28. This trade represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 34,614 shares of company stock valued at $9,749,529 over the last three months. 4.90% of the stock is currently owned by corporate insiders.

Ryder System Price Performance

Shares of Ryder System stock opened at $282.26 on Monday. The firm has a fifty day simple moving average of $245.00 and a 200-day simple moving average of $237.18. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.86. Ryder System, Inc. has a 1-year low of $161.41 and a 1-year high of $287.00. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 21.51 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 the consensus estimate of $4.15 by $0.18. Ryder System had a net margin of 3.98% and a return on equity of 19.14%. The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter last year, the firm posted $3.57 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis. On average, sell-side analysts expect that Ryder System, Inc. will post 15.07 earnings per share for the current year.

Ryder System Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on R shares. Citizens Jmp initiated coverage on shares of Ryder System in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Citigroup restated a “market perform” rating on shares of Ryder System in a research note on Friday, October 23rd. Barclays upped their target price on Ryder System from $300.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Janney Montgomery Scott set a $285.00 price target on Ryder System in a report on Thursday, October 8th. Finally, Morgan Stanley raised Ryder System from an “overweight” rating to a “buy” rating in a research note on Monday, October 5th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $296.67.

Ryder System Company Profile

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain and dedicated transportation services. Founded in 1933 by James Ryder and headquartered in Miami, Florida, the company serves businesses that rely on commercial vehicles, transportation networks and logistics infrastructure.

Through its Fleet Management Solutions business, Ryder offers full-service leasing, commercial vehicle rental, maintenance, fleet support and related services for trucks, tractors, trailers and other vehicles.