MetLife Investment Management LLC Has $3.26 Million Stock Holdings in Ryder System, Inc. (NYSE:R)

MetLife Investment Management LLC decreased its position in shares of Ryder System, Inc. (NYSE:R) by 3.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 22,358 shares of the transportation company’s stock after selling 707 shares during the quarter. MetLife Investment Management LLC’s holdings in Ryder System were worth $3,260,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in R. FMR LLC lifted its stake in shares of Ryder System by 56.2% in the 3rd quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock valued at $113,945,000 after purchasing an additional 281,052 shares during the period. Millennium Management LLC lifted its stake in shares of Ryder System by 1,915.0% in the 2nd quarter. Millennium Management LLC now owns 103,935 shares of the transportation company’s stock valued at $12,875,000 after purchasing an additional 98,777 shares during the period. Earnest Partners LLC lifted its stake in shares of Ryder System by 3.4% in the 2nd quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company’s stock valued at $237,298,000 after purchasing an additional 62,815 shares during the period. Victory Capital Management Inc. increased its position in shares of Ryder System by 13.5% in the 2nd quarter. Victory Capital Management Inc. now owns 460,134 shares of the transportation company’s stock valued at $57,001,000 after buying an additional 54,605 shares in the last quarter. Finally, Sei Investments Co. increased its position 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 valued at $104,997,000 after buying an additional 37,991 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Wall Street Analysts Forecast Growth

R has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Ryder System currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.57.

Ryder System Price Performance

R stock opened at $166.27 on Wednesday. The stock has a 50-day moving average price of $153.52 and a two-hundred day moving average price of $138.37. The stock has a market cap of $7.03 billion, a PE ratio of 15.55 and a beta of 1.30. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. Ryder System, Inc. has a 1 year low of $105.09 and a 1 year high of $171.78.

Ryder System (NYSE:R) last released its earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.39 by $0.05. The firm had revenue of $3.17 billion during 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 company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.58 EPS. Equities analysts forecast that Ryder System, Inc. will post 12.01 EPS for the current fiscal year.

Ryder System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s payout ratio is 30.31%.

Insider Activity

In other news, insider Thomas M. Havens sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.10% of the stock is owned by corporate insiders.

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.