Ryder System, Inc. (NYSE:R) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its holdings in shares of Ryder System, Inc. (NYSE:R) by 7.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 71,140 shares of the transportation company’s stock after selling 5,552 shares during the period. BNP Paribas Financial Markets’ holdings in Ryder System were worth $10,372,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in Ryder System by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company’s stock valued at $4,510,000 after purchasing an additional 106 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Ryder System by 11.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,451 shares of the transportation company’s stock valued at $535,000 after purchasing an additional 455 shares during the last quarter. Comerica Bank increased its holdings in shares of Ryder System by 2.1% during the 1st quarter. Comerica Bank now owns 28,763 shares of the transportation company’s stock worth $3,457,000 after buying an additional 579 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Ryder System by 405.3% during the 1st quarter. Cetera Investment Advisers now owns 16,291 shares of the transportation company’s stock worth $1,958,000 after buying an additional 13,067 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Ryder System by 44.0% in the 2nd quarter. GAMMA Investing LLC now owns 589 shares of the transportation company’s stock worth $73,000 after buying an additional 180 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Wall Street Analyst Weigh In

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

Ryder System Trading Up 0.5 %

Shares of R opened at $168.84 on Monday. Ryder System, Inc. has a 12 month low of $105.09 and a 12 month high of $171.78. The stock’s 50-day moving average is $153.06 and its two-hundred day moving average is $137.98. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market cap of $7.14 billion, a PE ratio of 15.79 and a beta of 1.28.

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

Ryder System Dividend Announcement

The company 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 dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Monday, November 18th. Ryder System’s payout ratio is 30.31%.

Insider Buying and Selling

In other news, insider Thomas M. Havens sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total transaction 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.10% of the stock is currently owned by insiders.

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.