State of New Jersey Common Pension Fund D Sells 1,417 Shares of Ryder System, Inc. (NYSE:R)

State of New Jersey Common Pension Fund D trimmed its holdings in shares of Ryder System, Inc. (NYSE:R) by 8.4% in the third quarter, Holdings Channel.com reports. The firm owned 15,404 shares of the transportation company’s stock after selling 1,417 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Ryder System were worth $2,246,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Ryder System by 2.1% during the first quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation company’s stock worth $627,800,000 after buying an additional 109,930 shares during the period. Earnest Partners LLC boosted its position in Ryder System by 3.4% during the 2nd quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company’s stock worth $237,298,000 after acquiring an additional 62,815 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ryder System by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company’s stock worth $213,345,000 after acquiring an additional 31,550 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Ryder System by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 890,877 shares of the transportation company’s stock worth $110,362,000 after acquiring an additional 17,009 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Ryder System by 4.7% in the second quarter. Sei Investments Co. now owns 847,581 shares of the transportation company’s stock valued at $104,997,000 after purchasing an additional 37,991 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

Insider Activity at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the stock in a transaction 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 transaction, the insider now owns 20,504 shares in the company, valued at $3,228,149.76. This trade represents a 16.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.10% of the stock is owned by company insiders.

Ryder System Price Performance

Shares of NYSE R opened at $165.66 on Friday. 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 business’s 50 day moving average price is $147.28 and its two-hundred day moving average price is $134.85. The company has a market cap of $7.01 billion, a PE ratio of 15.50 and a beta of 1.28. Ryder System, Inc. has a twelve month low of $104.44 and a twelve month high of $170.20.

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. 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 for the quarter, compared to analyst estimates of $3.29 billion. During the same period in the previous year, the firm earned $3.58 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. On average, analysts predict that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s payout ratio is 30.31%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased 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. Robert W. Baird raised their price objective on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Ryder System currently has a consensus rating of “Moderate Buy” and an average price target of $140.57.

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.