Ryder System, Inc. $R Stock Sold by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP trimmed its holdings in Ryder System, Inc. (NYSE:R) by 46.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,820 shares of the transportation company’s stock after selling 4,190 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Ryder System were worth $1,113,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of R. Keating Financial Advisory Services Inc. purchased a new position in Ryder System during the 2nd quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Ryder System in the 2nd quarter valued at $30,000. MassMutual Private Wealth & Trust FSB grew its position in Ryder System by 36.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 43 shares during the last quarter. Compass Financial Management LLC purchased a new stake in Ryder System in the second quarter worth $54,000. Finally, Assetmark Inc. increased its stake in Ryder System by 34.8% in the first quarter. Assetmark Inc. now owns 283 shares of the transportation company’s stock worth $58,000 after purchasing an additional 73 shares during the period. 87.47% of the stock is owned by institutional investors.

Insider Transactions at Ryder System

In other Ryder System news, CFO Cristina Gallo-Aquino sold 1,238 shares of the stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $276.85, for a total transaction of $342,740.30. Following the transaction, the chief financial officer directly owned 29,026 shares in the company, valued at $8,035,848.10. This represents a 4.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas M. Havens sold 5,500 shares of the firm’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $283.13, for a total transaction of $1,557,215.00. Following the transaction, the insider directly owned 27,574 shares in the company, valued at $7,807,026.62. This trade represents a 16.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 44,384 shares of company stock valued at $12,522,852. Insiders own 4.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on R shares. Janney Montgomery Scott set a $285.00 target price on Ryder System in a research report on Thursday, October 8th. Wall Street Zen raised shares of Ryder System from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 12th. Robert W. Baird lowered shares of Ryder System from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $290.00 to $245.00 in a report on Tuesday, September 29th. Citizens Jmp started coverage on shares of Ryder System in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a research report on Monday, August 24th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Ryder System currently has an average rating of “Moderate Buy” and a consensus target price of $296.67.

Ryder System Trading Up 0.2%

R opened at $282.30 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.86. The stock’s fifty day moving average is $250.15 and its two-hundred day moving average is $240.64. The company has a market capitalization of $10.79 billion, a P/E ratio of 21.52 and a beta of 1.04. Ryder System, Inc. has a 52 week low of $161.41 and a 52 week high of $291.02.

Ryder System (NYSE:R) last issued its earnings results on Thursday, October 22nd. The transportation company reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.15 by $0.18. Ryder System had a return on equity of 19.14% and a net margin of 3.98%. The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the prior year, the business earned $3.57 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. Analysts forecast that Ryder System, Inc. will post 15.07 earnings per share for the current year.

Ryder System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Monday, November 23rd will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, November 23rd. Ryder System’s payout ratio is presently 30.79%.

About Ryder System

Ryder System, Inc. is a transportation and logistics company founded in 1933 by James Ryder in Miami, Florida. It serves businesses across the United States, Canada and Mexico. The company’s services include commercial truck leasing and rental, fleet maintenance, and the sale of used vehicles. Ryder also provides supply chain services such as warehousing, distribution and transportation, along with dedicated transportation solutions that manage fleets and drivers for customers. Ryder is organized around Fleet Management Solutions, Supply Chain Solutions and Dedicated Transportation Solutions.