Ryder System, Inc. (NYSE:R) Shares Sold by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. trimmed its holdings in shares of Ryder System, Inc. (NYSE:R) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,179 shares of the transportation company’s stock after selling 235 shares during the period. Symphony Financial Ltd. Co.’s holdings in Ryder System were worth $462,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted 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 purchasing an additional 109,930 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Ryder System by 3.4% during the second quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company’s stock worth $237,298,000 after purchasing an additional 62,815 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ryder System by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company’s stock worth $213,345,000 after purchasing an additional 31,550 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Ryder System by 1.9% during the second quarter. American Century Companies Inc. now owns 890,877 shares of the transportation company’s stock worth $110,362,000 after purchasing an additional 17,009 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Ryder System by 4.7% during the second quarter. Sei Investments Co. now owns 847,581 shares of the transportation company’s stock worth $104,997,000 after purchasing an additional 37,991 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ryder System

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $139.32, for a total value of $1,773,543.60. Following the completion of the transaction, the executive vice president now owns 47,779 shares in the company, valued at $6,656,570.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 5.10% of the stock is currently owned by insiders.

Ryder System Stock Down 0.7 %

Ryder System stock opened at $145.73 on Wednesday. The company has a 50-day simple moving average of $142.47 and a 200-day simple moving average of $130.47. The firm has a market capitalization of $6.31 billion, a P/E ratio of 13.35 and a beta of 1.28. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.74 and a current ratio of 0.74. Ryder System, Inc. has a one year low of $91.31 and a one year high of $154.76.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, July 25th. The transportation company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.87 by $0.13. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.24 billion. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.61 earnings per share. As a group, equities analysts expect that Ryder System, Inc. will post 12.2 earnings per share 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 given a $0.81 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.22%. Ryder System’s dividend payout ratio is presently 29.67%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on R shares. Stephens started coverage on shares of Ryder System in a report on Monday, July 8th. They issued an “equal weight” rating on the stock. Robert W. Baird upped their price target on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, July 26th. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. cut their price target on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $137.86.

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.