Ryder System, Inc. (NYSE:R) Stock Holdings Lessened by MetLife Investment Management LLC

MetLife Investment Management LLC lessened its holdings in shares of Ryder System, Inc. (NYSE:R) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,358 shares of the transportation company’s stock after selling 707 shares during the quarter. MetLife Investment Management LLC owned approximately 0.05% of Ryder System worth $3,260,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in R. UMB Bank n.a. raised its position in shares of Ryder System by 43.2% in the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 80 shares during the period. Truist Financial Corp raised its position in shares of Ryder System by 0.6% in the second quarter. Truist Financial Corp now owns 14,303 shares of the transportation company’s stock valued at $1,772,000 after purchasing an additional 90 shares during the period. Buckley Wealth Management LLC raised its position in shares of Ryder System by 1.1% in the third quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company’s stock valued at $1,408,000 after purchasing an additional 105 shares during the period. CWM LLC raised its position in shares of Ryder System by 17.9% in the second quarter. CWM LLC now owns 758 shares of the transportation company’s stock valued at $94,000 after purchasing an additional 115 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Ryder System by 20.2% in the third quarter. GAMMA Investing LLC now owns 708 shares of the transportation company’s stock valued at $103,000 after purchasing an additional 119 shares during the period. Institutional investors own 87.47% of the company’s stock.

Insider Activity at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total transaction of $629,760.00. Following the transaction, the insider now owns 20,504 shares of the company’s stock, valued at approximately $3,228,149.76. This represents a 16.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.10% of the stock is currently owned by company insiders.

Ryder System Stock Performance

Shares of NYSE:R opened at $166.27 on Wednesday. The stock has a market capitalization of $7.03 billion, a price-to-earnings ratio of 15.55 and a beta of 1.30. The business’s fifty day moving average price is $153.52 and its two-hundred day moving average price is $138.37. Ryder System, Inc. has a fifty-two week low of $105.09 and a fifty-two week high of $171.78. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, topping the consensus estimate of $3.39 by $0.05. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.58 earnings per share. As a group, analysts predict that Ryder System, Inc. will post 12.01 EPS for the current fiscal year.

Ryder System Dividend Announcement

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 paid 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 dividend yield of 1.95%. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lowered their price objective on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Ryder System has an average rating of “Moderate Buy” and a consensus price target 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.