Phocas Financial Corp. Lowers Stock Holdings in Ryder System, Inc. (NYSE:R)

Phocas Financial Corp. lessened its stake in shares of Ryder System, Inc. (NYSE:R) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,387 shares of the transportation company’s stock after selling 2,130 shares during the quarter. Phocas Financial Corp. owned about 0.08% of Ryder System worth $5,014,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Ryder System by 2.1% in the first quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation company’s stock valued at $627,800,000 after acquiring an additional 109,930 shares during the period. Millennium Management LLC grew its position in Ryder System by 1,915.0% during the second quarter. Millennium Management LLC now owns 103,935 shares of the transportation company’s stock worth $12,875,000 after buying an additional 98,777 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Ryder System by 242.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 92,666 shares of the transportation company’s stock valued at $11,138,000 after buying an additional 65,609 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Ryder System by 3.4% during the 2nd quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company’s stock valued at $237,298,000 after acquiring an additional 62,815 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Ryder System by 13.5% during the 2nd quarter. Victory Capital Management Inc. now owns 460,134 shares of the transportation company’s stock worth $57,001,000 after acquiring an additional 54,605 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Price Performance

Shares of NYSE R opened at $160.97 on Tuesday. 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 1-year low of $105.09 and a 1-year high of $170.20. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 15.06 and a beta of 1.28. The business has a 50-day moving average of $148.42 and a 200-day moving average of $135.56.

Ryder System (NYSE:R) last issued its quarterly earnings data 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 net margin of 3.83% and a return on equity of 16.78%. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter last year, the company earned $3.58 earnings per share. Ryder System’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities analysts anticipate that Ryder System, Inc. will post 12.01 EPS for the current fiscal year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Monday, November 18th. Ryder System’s payout ratio is 30.31%.

Insider Activity at Ryder System

In related news, insider Thomas M. Havens sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total transaction of $629,760.00. Following the completion of the sale, the insider now owns 20,504 shares of the company’s stock, valued at $3,228,149.76. This represents a 16.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on R shares. Robert W. Baird lifted their target price on shares of Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. lowered their target price on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Ryder System has an average rating of “Moderate Buy” and an average target price of $140.57.

About Ryder System

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.