Integrated Investment Consultants LLC Reduces Position in Ryder System, Inc. (NYSE:R)

Integrated Investment Consultants LLC cut its holdings in shares of Ryder System, Inc. (NYSE:R) by 2.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,090 shares of the transportation company’s stock after selling 82 shares during the period. Integrated Investment Consultants LLC’s holdings in Ryder System were worth $451,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of R. EntryPoint Capital LLC purchased a new position in shares of Ryder System in the 1st quarter valued at approximately $25,000. Wolff Wiese Magana LLC acquired a new stake in shares of Ryder System during the third quarter worth $28,000. Altshuler Shaham Ltd purchased a new position in Ryder System in the 2nd quarter valued at $29,000. UMB Bank n.a. increased its stake in Ryder System by 43.2% in the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after buying an additional 80 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Ryder System in the 2nd quarter worth $51,000. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Price Performance

R stock opened at $161.21 on Friday. The stock’s 50 day moving average price is $150.02 and its 200 day moving average price is $136.14. The firm has a market cap of $6.82 billion, a P/E ratio of 15.08 and a beta of 1.28. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. Ryder System, Inc. has a 1 year low of $105.09 and a 1 year high of $170.20.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.39 by $0.05. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business earned $3.58 earnings per share. On average, sell-side analysts expect 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. Stockholders of record on Monday, November 18th will be issued a dividend of $0.81 per share. The ex-dividend date is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.01%. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

Insider Activity

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the sale, the insider now directly owns 20,504 shares of the company’s stock, valued at approximately $3,228,149.76. This trade represents a 16.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, Robert W. Baird lifted their price objective on Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Ryder System has a consensus rating of “Moderate Buy” and an average target price 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.