Truvestments Capital LLC Has $3.76 Million Position in Ryder System, Inc. (NYSE:R)

Truvestments Capital LLC decreased its holdings in shares of Ryder System, Inc. (NYSE:R) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,759 shares of the transportation company’s stock after selling 107 shares during the quarter. Ryder System makes up 1.0% of Truvestments Capital LLC’s holdings, making the stock its 17th biggest position. Truvestments Capital LLC’s holdings in Ryder System were worth $3,756,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of R. EntryPoint Capital LLC acquired a new position in shares of Ryder System in the first quarter valued at approximately $25,000. Wolff Wiese Magana LLC acquired a new position in Ryder System in the 3rd quarter valued at $28,000. Altshuler Shaham Ltd bought a new position in Ryder System during the 2nd quarter worth $29,000. UMB Bank n.a. lifted its holdings in shares of Ryder System by 43.2% during the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after buying an additional 80 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Ryder System in the second quarter valued at about $51,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of Ryder System 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 completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

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

Ryder System Trading Up 0.4 %

Shares of R stock opened at $166.25 on Monday. The company has a market cap of $7.03 billion, a PE ratio of 15.50 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. The stock’s fifty day moving average price is $150.57 and its two-hundred day moving average price is $136.58. Ryder System, Inc. has a fifty-two week low of $105.09 and a fifty-two week high of $170.20.

Ryder System (NYSE:R) last posted its 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 net margin of 3.83% and a return on equity of 16.78%. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period last year, the company earned $3.58 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. Equities analysts predict that Ryder System, Inc. will post 12.01 EPS 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. Shareholders 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 annualized dividend and a yield of 1.95%. Ryder System’s payout ratio is 30.31%.

Ryder System 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.