HG Vora Capital Management LLC Has $240.57 Million Stock Holdings in Ryder System, Inc. (NYSE:R)

HG Vora Capital Management LLC reduced its position in Ryder System, Inc. (NYSE:R) by 24.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,650,000 shares of the transportation company’s stock after selling 525,000 shares during the quarter. Ryder System makes up 17.6% of HG Vora Capital Management LLC’s portfolio, making the stock its 3rd largest holding. HG Vora Capital Management LLC owned approximately 3.90% of Ryder System worth $240,570,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Earnest Partners LLC increased its stake in shares of Ryder System by 3.4% in the second quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company’s stock valued at $237,298,000 after buying an additional 62,815 shares in the last quarter. Dimensional Fund Advisors LP increased its position 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 worth $213,345,000 after purchasing an additional 31,550 shares during the period. American Century Companies Inc. increased its position in Ryder System by 1.9% in the second quarter. American Century Companies Inc. now owns 890,877 shares of the transportation company’s stock worth $110,362,000 after purchasing an additional 17,009 shares during the period. Sei Investments Co. increased its position in Ryder System by 4.7% in the second quarter. Sei Investments Co. now owns 847,581 shares of the transportation company’s stock worth $104,997,000 after purchasing an additional 37,991 shares during the period. Finally, FMR LLC increased its position in Ryder System by 56.2% in the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock worth $113,945,000 after purchasing an additional 281,052 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 $3,228,149.76. This trade represents a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. reduced their target price on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $140.57.

Ryder System Stock Up 0.8 %

NYSE:R opened at $170.22 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 15.92 and a beta of 1.30. Ryder System, Inc. has a twelve month low of $105.09 and a twelve month high of $171.78. The stock’s 50 day moving average price is $153.06 and its two-hundred day moving average price is $138.05.

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

Ryder System Announces Dividend

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

About Ryder System

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.