Ryder System, Inc. (NYSE:R) Position Reduced by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its stake in Ryder System, Inc. (NYSE:R) by 3.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 27,023 shares of the transportation company’s stock after selling 1,048 shares during the period. Crossmark Global Holdings Inc.’s holdings in Ryder System were worth $3,940,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. UMB Bank n.a. increased its holdings in 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 buying an additional 80 shares during the last quarter. Truist Financial Corp raised its position in shares of Ryder System by 0.6% during the 2nd quarter. Truist Financial Corp now owns 14,303 shares of the transportation company’s stock valued at $1,772,000 after acquiring an additional 90 shares in the last quarter. Buckley Wealth Management LLC lifted its stake in Ryder System by 1.1% during the third quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company’s stock worth $1,408,000 after purchasing an additional 105 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Ryder System by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company’s stock worth $4,510,000 after purchasing an additional 106 shares during the period. Finally, CWM LLC increased its stake in Ryder System by 17.9% during 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 last quarter. Institutional investors own 87.47% of the company’s stock.

Ryder System Price Performance

Shares of R opened at $166.17 on Tuesday. Ryder System, Inc. has a one year low of $102.81 and a one year high of $167.07. The stock’s fifty day moving average is $145.60 and its 200-day moving average is $134.10. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $7.03 billion, a price-to-earnings ratio of 15.54 and a beta of 1.28.

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. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period last year, the firm earned $3.58 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities analysts anticipate that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be given a $0.81 dividend. The ex-dividend date 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 30.31%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on R shares. Robert W. Baird lifted their price target on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, July 26th. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. reduced their price objective on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $140.57.

Insiders Place Their Bets

In related news, insider Thomas M. Havens sold 4,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $3,228,149.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 5.10% of the company’s stock.

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.