Public Employees Retirement System of Ohio Trims Stock Position in Ryder System, Inc. (NYSE:R)

Public Employees Retirement System of Ohio reduced its stake in shares of Ryder System, Inc. (NYSE:R) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,200 shares of the transportation company’s stock after selling 502 shares during the period. Public Employees Retirement System of Ohio’s holdings in Ryder System were worth $4,257,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Kovitz Investment Group Partners LLC boosted its stake in shares of Ryder System by 376.5% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company’s stock worth $1,405,000 after purchasing an additional 7,715 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Ryder System by 83.0% in the third quarter. Janney Montgomery Scott LLC now owns 9,260 shares of the transportation company’s stock valued at $1,350,000 after buying an additional 4,200 shares during the last quarter. Algert Global LLC lifted its stake in shares of Ryder System by 43.5% during the third quarter. Algert Global LLC now owns 25,547 shares of the transportation company’s stock valued at $3,725,000 after buying an additional 7,750 shares during the period. Natixis Advisors LLC boosted its position in Ryder System by 15.2% during the third quarter. Natixis Advisors LLC now owns 102,756 shares of the transportation company’s stock worth $14,982,000 after acquiring an additional 13,586 shares during the last quarter. Finally, FMR LLC grew its stake in Ryder System by 56.2% in the 3rd quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock worth $113,945,000 after acquiring an additional 281,052 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ryder System

In other 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 value of $629,760.00. Following the completion of the transaction, the insider now directly owns 20,504 shares in the company, valued at approximately $3,228,149.76. This represents a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.10% of the company’s stock.

Ryder System Price Performance

R stock opened at $165.67 on Friday. The company has a market cap of $7.01 billion, a PE ratio of 15.50 and a beta of 1.30. 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 50-day moving average price of $157.10 and a two-hundred day moving average price of $140.92. Ryder System, Inc. has a 12-month low of $106.62 and a 12-month high of $171.78.

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

Ryder System Dividend Announcement

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 issued a $0.81 dividend. The ex-dividend date is Monday, November 18th. This represents a $3.24 annualized dividend and a yield of 1.96%. Ryder System’s dividend payout ratio is currently 30.31%.

Analyst Upgrades and Downgrades

R has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. The Goldman Sachs Group raised their price target on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a 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’s stock. Based on data from MarketBeat, Ryder System currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.43.

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.