USA Financial Formulas Sells 530 Shares of Ryder System, Inc. (NYSE:R)

USA Financial Formulas cut its holdings in shares of Ryder System, Inc. (NYSE:R) by 23.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,747 shares of the transportation company’s stock after selling 530 shares during the period. USA Financial Formulas’ holdings in Ryder System were worth $251,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in R. Savant Capital LLC boosted its position in Ryder System by 3.6% during the 4th quarter. Savant Capital LLC now owns 2,438 shares of the transportation company’s stock worth $382,000 after buying an additional 84 shares during the period. Principal Securities Inc. boosted its position in Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock worth $54,000 after buying an additional 92 shares during the period. James Investment Research Inc. boosted its position in Ryder System by 32.0% during the 4th quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company’s stock worth $1,941,000 after buying an additional 2,999 shares during the period. Sanctuary Advisors LLC boosted its position in Ryder System by 0.9% during the 4th quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company’s stock worth $1,282,000 after buying an additional 68 shares during the period. Finally, CIBC Asset Management Inc acquired a new stake in Ryder System during the 4th quarter worth approximately $215,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

R has been the topic of a number of recent analyst reports. Stephens dropped their price target on shares of Ryder System from $168.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Wall Street Zen downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Barclays initiated coverage on shares of Ryder System in a research report on Monday. They issued an “overweight” rating and a $190.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price target on shares of Ryder System from $174.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.71.

Ryder System Stock Down 2.6%

Ryder System stock opened at $150.10 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System, Inc. has a 12-month low of $116.58 and a 12-month high of $171.78. The firm’s fifty day moving average is $145.18 and its 200 day moving average is $153.22. The company has a market capitalization of $6.21 billion, a PE ratio of 13.53 and a beta of 0.96.

Ryder System (NYSE:R) last released its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the previous year, the company earned $2.14 EPS. Ryder System’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts predict that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, May 19th will be given a dividend of $0.81 per share. The ex-dividend date is Monday, May 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.16%. Ryder System’s payout ratio is presently 28.25%.

Insider Activity at Ryder System

In other Ryder System news, Director E Follin Smith sold 1,243 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $144.38, for a total transaction of $179,464.34. Following the completion of the sale, the director now owns 39,802 shares in the company, valued at approximately $5,746,612.76. The trade was a 3.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert E. Sanchez sold 18,496 shares of the business’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total transaction of $2,880,382.08. Following the sale, the chief executive officer now owns 40,824 shares of the company’s stock, valued at $6,357,521.52. This trade represents a 31.18% decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

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.