Ryder System, Inc. (NYSE:R) Shares Sold by ClearAlpha Technologies LP

ClearAlpha Technologies LP cut its holdings in Ryder System, Inc. (NYSE:R) by 38.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,767 shares of the transportation company’s stock after selling 1,122 shares during the period. ClearAlpha Technologies LP’s holdings in Ryder System were worth $258,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Wolff Wiese Magana LLC purchased a new position in shares of Ryder System in the 3rd quarter valued at about $28,000. Altshuler Shaham Ltd acquired a new stake in Ryder System during the second quarter worth approximately $29,000. UMB Bank n.a. raised its holdings in Ryder System by 43.2% during the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after purchasing an additional 80 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Ryder System during the 2nd quarter worth approximately $51,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Ryder System by 44.0% in the 2nd quarter. GAMMA Investing LLC now owns 589 shares of the transportation company’s stock valued at $73,000 after buying an additional 180 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total transaction of $629,760.00. Following the completion of the transaction, the insider now owns 20,504 shares in the company, valued at approximately $3,228,149.76. This represents a 16.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.10% of the company’s stock.

Ryder System Stock Up 0.8 %

R stock opened at $170.22 on Tuesday. Ryder System, Inc. has a 12 month low of $105.09 and a 12 month high of $171.78. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 15.92 and a beta of 1.30. The company has a fifty day moving average price of $153.06 and a 200 day moving average price of $138.05.

Ryder System (NYSE:R) last announced its earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, beating analysts’ consensus estimates of $3.39 by $0.05. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the prior year, the company earned $3.58 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. Sell-side analysts expect that Ryder System, Inc. will post 12.01 earnings per share for the current year.

Ryder System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be given a dividend of $0.81 per share. The ex-dividend date is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a yield of 1.90%. Ryder System’s payout ratio is 30.31%.

Wall Street Analyst Weigh In

Several brokerages recently commented on R. JPMorgan Chase & Co. cut their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Ryder System has a consensus rating of “Moderate Buy” and a consensus target price of $140.57.

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.