Ffcm LLC Cuts Stake in Ryder System, Inc. (R)

Ffcm LLC lowered its holdings in Ryder System, Inc. (NYSE:R) by 5.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,117 shares of the transportation company’s stock after selling 1,160 shares during the quarter. Ffcm LLC’s holdings in Ryder System were worth $1,544,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cambridge Financial Group Inc. increased its stake in shares of Ryder System by 11.4% in the second quarter. Cambridge Financial Group Inc. now owns 81,556 shares of the transportation company’s stock worth $5,861,000 after acquiring an additional 8,354 shares during the period. LSV Asset Management increased its stake in shares of Ryder System by 5.8% in the second quarter. LSV Asset Management now owns 1,889,814 shares of the transportation company’s stock worth $135,802,000 after acquiring an additional 102,980 shares during the period. Wells Fargo & Company MN boosted its holdings in Ryder System by 3.9% during the second quarter. Wells Fargo & Company MN now owns 1,365,424 shares of the transportation company’s stock worth $98,119,000 after buying an additional 51,703 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Ryder System by 28.7% during the third quarter. Prudential Financial Inc. now owns 619,218 shares of the transportation company’s stock worth $45,247,000 after buying an additional 138,066 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in Ryder System by 2.9% during the second quarter. Arizona State Retirement System now owns 36,863 shares of the transportation company’s stock worth $2,649,000 after buying an additional 1,053 shares in the last quarter. Hedge funds and other institutional investors own 89.63% of the company’s stock.

A number of brokerages recently issued reports on R. TheStreet downgraded shares of Ryder System from a “b-” rating to a “c+” rating in a report on Friday, November 2nd. Loop Capital began coverage on shares of Ryder System in a report on Monday, October 1st. They set a “hold” rating and a $78.00 price target on the stock. Wolfe Research raised shares of Ryder System from a “peer perform” rating to an “outperform” rating in a report on Friday, October 5th. Mizuho reissued a “buy” rating on shares of Ryder System in a report on Tuesday, October 30th. Finally, Deutsche Bank began coverage on shares of Ryder System in a report on Tuesday, September 4th. They set a “buy” rating and a $88.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $79.82.

R opened at $53.43 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.64 and a debt-to-equity ratio of 1.86. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 11.79 and a beta of 1.63. Ryder System, Inc. has a 52-week low of $51.26 and a 52-week high of $90.26.

Ryder System (NYSE:R) last posted its quarterly earnings data on Friday, October 26th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.01). The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Ryder System had a net margin of 9.98% and a return on equity of 9.88%. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.33 earnings per share. On average, research analysts anticipate that Ryder System, Inc. will post 5.79 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Monday, November 19th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend is Friday, November 16th. Ryder System’s dividend payout ratio (DPR) is 47.68%.

In other Ryder System news, Director David G. Nord bought 2,000 shares of Ryder System stock in a transaction dated Thursday, November 8th. The stock was acquired at an average cost of $57.24 per share, for a total transaction of $114,480.00. Following the completion of the transaction, the director now directly owns 3,990 shares of the company’s stock, valued at $228,387.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.27% of the stock is owned by corporate insiders.

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About Ryder System

Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as ancillary maintenance and fleet support services.

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Institutional Ownership by Quarter for Ryder System (NYSE:R)

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