Retirement Systems of Alabama cut its holdings in Ryder System, Inc. (NYSE:R) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,364 shares of the transportation company’s stock after selling 683 shares during the period. Retirement Systems of Alabama owned about 0.13% of Ryder System worth $5,780,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Teachers Advisors LLC increased its position in shares of Ryder System by 5.6% during the first quarter. Teachers Advisors LLC now owns 72,825 shares of the transportation company’s stock worth $5,494,000 after purchasing an additional 3,868 shares in the last quarter. Creative Planning increased its position in shares of Ryder System by 10.0% during the second quarter. Creative Planning now owns 2,904 shares of the transportation company’s stock worth $209,000 after purchasing an additional 264 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Ryder System by 76.8% during the second quarter. LS Investment Advisors LLC now owns 4,373 shares of the transportation company’s stock worth $315,000 after purchasing an additional 1,900 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Ryder System by 324.2% during the second quarter. Louisiana State Employees Retirement System now owns 14,000 shares of the transportation company’s stock worth $1,008,000 after purchasing an additional 10,700 shares in the last quarter. Finally, Aperio Group LLC increased its position in shares of Ryder System by 9.9% during the second quarter. Aperio Group LLC now owns 60,405 shares of the transportation company’s stock worth $4,348,000 after purchasing an additional 5,465 shares in the last quarter. Institutional investors own 89.15% of the company’s stock.

Shares of Ryder System, Inc. (NYSE:R) opened at $76.64 on Tuesday. Ryder System, Inc. has a twelve month low of $62.52 and a twelve month high of $85.50. The firm has a market capitalization of $4,042.56, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 1.13 and a beta of 1.51. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.02 and a quick ratio of 0.96.

Ryder System (NYSE:R) last announced its quarterly earnings data on Tuesday, October 24th. The transportation company reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.04. Ryder System had a return on equity of 10.72% and a net margin of 2.75%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the company earned $1.67 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. equities research analysts forecast that Ryder System, Inc. will post 4.51 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Friday, November 17th. Ryder System’s dividend payout ratio is presently 49.86%.

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In other news, insider Dennis C. Cooke sold 32,328 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $81.46, for a total transaction of $2,633,438.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John S. Sensing sold 4,502 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $73.01, for a total value of $328,691.02. The disclosure for this sale can be found here. Insiders sold a total of 50,380 shares of company stock worth $4,039,764 in the last ninety days. 1.95% of the stock is owned by corporate insiders.

R has been the topic of a number of research analyst reports. ValuEngine upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised Ryder System from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Tuesday, October 31st. KeyCorp raised Ryder System from a “sector weight” rating to an “overweight” rating in a report on Wednesday, September 13th. Stifel Nicolaus reissued a “hold” rating and set a $68.00 price target on shares of Ryder System in a report on Tuesday, September 5th. Finally, Aegis reissued a “buy” rating and set a $91.00 price target (up previously from $84.00) on shares of Ryder System in a report on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $85.00.

Ryder System Company Profile

Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.

Institutional Ownership by Quarter for Ryder System (NYSE:R)

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