First Trust Advisors LP Sells 17,440 Shares of Ryder System, Inc. (NYSE:R)

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First Trust Advisors LP reduced its position in Ryder System, Inc. (NYSE:R) by 9.4% during the third quarter, Holdings Channel.com reports. The firm owned 168,796 shares of the transportation company’s stock after selling 17,440 shares during the quarter. First Trust Advisors LP’s holdings in Ryder System were worth $8,739,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TD Capital Management LLC purchased a new stake in Ryder System in the 2nd quarter valued at $44,000. San Francisco Sentry Investment Group CA raised its position in Ryder System by 174.7% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 890 shares of the transportation company’s stock valued at $52,000 after buying an additional 566 shares during the last quarter. Doyle Wealth Management purchased a new stake in Ryder System in the 2nd quarter valued at $54,000. NumerixS Investment Technologies Inc purchased a new stake in Ryder System in the 2nd quarter valued at $181,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ryder System by 10.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,189 shares of the transportation company’s stock valued at $165,000 after buying an additional 300 shares during the last quarter. Institutional investors own 87.57% of the company’s stock.

In other news, Director Luis P. Nieto, Jr. sold 2,293 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $46.67, for a total transaction of $107,014.31. Following the completion of the sale, the director now directly owns 23,757 shares of the company’s stock, valued at approximately $1,108,739.19. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director E Follin Smith bought 1,831 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were acquired at an average cost of $54.63 per share, with a total value of $100,027.53. Following the completion of the transaction, the director now owns 31,586 shares in the company, valued at $1,725,543.18. The disclosure for this purchase can be found here. Company insiders own 2.80% of the company’s stock.

A number of equities research analysts recently commented on R shares. SunTrust Banks lowered their price target on Ryder System from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. They noted that the move was a valuation call. ValuEngine raised Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus lowered Ryder System from a “buy” rating to a “hold” rating and lowered their price target for the company from $65.00 to $51.00 in a research report on Thursday, October 31st. Finally, Cfra lowered Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $65.00.

Shares of Ryder System stock opened at $52.06 on Tuesday. Ryder System, Inc. has a 1 year low of $44.80 and a 1 year high of $67.65. The firm has a market cap of $2.77 billion, a PE ratio of 8.99 and a beta of 1.84. The stock has a fifty day moving average price of $51.51 and a 200-day moving average price of $53.44. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.62 and a quick ratio of 0.59.

Ryder System (NYSE:R) last announced its earnings results on Tuesday, October 29th. The transportation company reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($2.98). Ryder System had a net margin of 1.55% and a return on equity of 11.65%. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the business earned $1.64 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, equities analysts anticipate that Ryder System, Inc. will post 5.01 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Friday, November 15th. Ryder System’s dividend payout ratio is presently 38.69%.

About Ryder System

Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.

Further Reading: 52-Week High/Low Prices For Stock Selection

Want to see what other hedge funds are holding R? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryder System, Inc. (NYSE:R).

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

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