Gladius Capital Management LP Decreases Position in Ryder System, Inc. (NYSE:R)

Gladius Capital Management LP decreased its position in Ryder System, Inc. (NYSE:R) by 68.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 506 shares of the transportation company’s stock after selling 1,074 shares during the period. Gladius Capital Management LP’s holdings in Ryder System were worth $74,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Wolff Wiese Magana LLC acquired a new stake in Ryder System in the 3rd quarter valued at about $28,000. EntryPoint Capital LLC purchased a new stake in shares of Ryder System in the first quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Ryder System in the second quarter valued at approximately $29,000. UMB Bank n.a. increased its stake in shares of Ryder System by 43.2% during the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after purchasing an additional 80 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Ryder System during the 2nd quarter worth approximately $51,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Stock Down 2.0 %

R opened at $162.41 on Friday. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 15.19 and a beta of 1.28. Ryder System, Inc. has a 12 month low of $104.44 and a 12 month high of $170.20. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. The business has a 50-day moving average of $147.88 and a two-hundred day moving average of $135.21.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, topping analysts’ consensus estimates of $3.39 by $0.05. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter last year, the firm posted $3.58 earnings per share. Ryder System’s revenue was up 8.3% on a year-over-year basis. On average, research analysts expect that Ryder System, Inc. will post 12.01 earnings per share for the current 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 paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 annualized dividend and a yield of 1.99%. Ryder System’s dividend payout ratio is presently 30.31%.

Insider Transactions at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total transaction of $629,760.00. Following the sale, the insider now owns 20,504 shares in the company, valued at $3,228,149.76. This trade represents a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on R. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. decreased their price objective on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Robert W. Baird boosted their target price on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Ryder System currently has an average rating of “Moderate Buy” and an average price target of $140.57.

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.