Ryder System, Inc. (NYSE:R) Stock Holdings Lessened by Phocas Financial Corp.

Phocas Financial Corp. trimmed its stake in Ryder System, Inc. (NYSE:R) by 5.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,387 shares of the transportation company’s stock after selling 2,130 shares during the quarter. Phocas Financial Corp.’s holdings in Ryder System were worth $5,014,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. EntryPoint Capital LLC acquired a new stake in shares of Ryder System in the 1st quarter valued at $25,000. Wolff Wiese Magana LLC acquired a new stake in shares of Ryder System in the third quarter worth about $28,000. Altshuler Shaham Ltd acquired a new position in shares of Ryder System during the 2nd quarter valued at about $29,000. UMB Bank n.a. lifted its holdings in Ryder System by 43.2% in 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 during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Ryder System during the second quarter worth approximately $51,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms 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. reduced their target price 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. Finally, Robert W. Baird increased their price objective 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.57.

Insider Buying and Selling

In other news, insider Thomas M. Havens sold 4,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 20,504 shares in the company, valued at $3,228,149.76. This represents a 16.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 5.10% of the stock is owned by insiders.

Ryder System Price Performance

Shares of R stock opened at $160.97 on Tuesday. The stock’s fifty day moving average is $148.42 and its 200-day moving average is $135.56. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. Ryder System, Inc. has a 52 week low of $105.09 and a 52 week high of $170.20. The stock has a market capitalization of $6.81 billion, a PE ratio of 15.06 and a beta of 1.28.

Ryder System (NYSE:R) last announced its 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. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.58 earnings per share. Equities research analysts expect that Ryder System, Inc. will post 12.01 EPS for the current fiscal year.

Ryder System Announces Dividend

The business also recently declared 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 is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.01%. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

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.