Victory Capital Management Inc. Lowers Stake in Ryder System, Inc. (NYSE:R)

Victory Capital Management Inc. trimmed its position in shares of Ryder System, Inc. (NYSE:R) by 8.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 420,564 shares of the transportation company’s stock after selling 39,570 shares during the period. Victory Capital Management Inc.’s holdings in Ryder System were worth $61,318,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caxton Associates LP grew its holdings in shares of Ryder System by 206.9% in the first quarter. Caxton Associates LP now owns 8,319 shares of the transportation company’s stock valued at $1,000,000 after purchasing an additional 5,608 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Ryder System by 116.5% in the first quarter. Janus Henderson Group PLC now owns 47,459 shares of the transportation company’s stock worth $5,704,000 after acquiring an additional 25,533 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Ryder System by 41.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 49,303 shares of the transportation company’s stock worth $5,926,000 after acquiring an additional 14,360 shares during the period. Bayesian Capital Management LP acquired a new stake in shares of Ryder System in the first quarter valued at $463,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Ryder System by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company’s stock valued at $213,345,000 after purchasing an additional 31,550 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

R has been the topic of several recent research reports. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Robert W. Baird raised their target price on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $140.57.

Insider Activity

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

Ryder System Trading Down 1.3 %

Shares of R stock opened at $165.66 on Friday. The business’s fifty day moving average price is $147.28 and its 200 day moving average price is $134.85. The firm has a market capitalization of $7.01 billion, a PE ratio of 15.50 and a beta of 1.28. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. Ryder System, Inc. has a 1-year low of $104.44 and a 1-year high of $170.20.

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

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be issued 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 dividend yield of 1.96%. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

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.