Ryder System, Inc. (NYSE:R) Shares Sold by Gladius Capital Management LP

Gladius Capital Management LP lessened its holdings in shares of Ryder System, Inc. (NYSE:R) by 68.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 506 shares of the transportation company’s stock after selling 1,074 shares during the quarter. Gladius Capital Management LP’s holdings in Ryder System were worth $74,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings 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 valued at $627,800,000 after purchasing an additional 109,930 shares during the last quarter. Earnest Partners LLC grew its stake in Ryder System by 3.4% during the 2nd quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company’s stock worth $237,298,000 after buying an additional 62,815 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Ryder System by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company’s stock worth $213,345,000 after buying an additional 31,550 shares during the period. American Century Companies Inc. boosted its holdings 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 valued at $110,362,000 after acquiring an additional 17,009 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Ryder System by 4.7% in the 2nd quarter. Sei Investments Co. now owns 847,581 shares of the transportation company’s stock worth $104,997,000 after acquiring an additional 37,991 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Price Performance

Shares of NYSE:R opened at $162.41 on Friday. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 15.19 and a beta of 1.28. 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, Inc. has a 12 month low of $104.44 and a 12 month high of $170.20. The stock’s 50 day moving average price is $147.88 and its 200 day moving average price is $135.21.

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

Ryder System Dividend Announcement

The firm 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 $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Monday, November 18th. Ryder System’s payout ratio is 30.31%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on R. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Robert W. Baird increased their price objective on Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. cut their target price 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. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $140.57.

Insider Buying and Selling 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 value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.10% of the stock is owned by corporate insiders.

Ryder System Company 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.