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

ClearAlpha Technologies LP lessened its stake in shares of Ryder System, Inc. (NYSE:R) by 38.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its stake in Ryder System by 83.0% during the third quarter. Janney Montgomery Scott LLC now owns 9,260 shares of the transportation company’s stock worth $1,350,000 after purchasing an additional 4,200 shares during the period. Algert Global LLC increased its holdings in shares of Ryder System by 43.5% during the 3rd quarter. Algert Global LLC now owns 25,547 shares of the transportation company’s stock worth $3,725,000 after buying an additional 7,750 shares during the last quarter. Natixis Advisors LLC raised its position in shares of Ryder System by 15.2% during the 3rd quarter. Natixis Advisors LLC now owns 102,756 shares of the transportation company’s stock valued at $14,982,000 after buying an additional 13,586 shares during the period. Dimensional Fund Advisors LP lifted 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 acquiring an additional 31,550 shares during the last quarter. Finally, James Investment Research Inc. acquired a new position in Ryder System in the third quarter valued at approximately $1,367,000. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on R. JPMorgan Chase & Co. cut their target price on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Ryder System has a consensus rating of “Moderate Buy” and an average price target of $140.57.

Insiders Place Their Bets

In other news, insider Thomas M. Havens sold 4,000 shares of Ryder System 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 completion of the transaction, the insider now owns 20,504 shares in the company, 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 SEC, which can be accessed through the SEC website. 5.10% of the stock is owned by company insiders.

Ryder System Trading Up 0.8 %

Shares of NYSE R opened at $170.22 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $7.20 billion, a PE 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 has a fifty day simple moving average of $153.06 and a 200-day simple moving average of $138.05.

Ryder System (NYSE:R) last released its earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, beating the consensus estimate of $3.39 by $0.05. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. Ryder System’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.58 EPS. On average, equities analysts forecast that Ryder System, Inc. will post 12.01 earnings per share for the current year.

Ryder System Announces Dividend

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

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.