Ryder System, Inc. (NYSE:R) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in Ryder System, Inc. (NYSE:R) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,478 shares of the transportation company’s stock after selling 2,191 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of Ryder System worth $3,162,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Kendall Capital Management boosted its stake in shares of Ryder System by 4.8% in the 4th quarter. Kendall Capital Management now owns 19,060 shares of the transportation company’s stock valued at $2,193,000 after buying an additional 875 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of Ryder System by 93.4% in the 4th quarter. Meeder Asset Management Inc. now owns 6,072 shares of the transportation company’s stock valued at $699,000 after buying an additional 2,933 shares during the period. Advisors Preferred LLC purchased a new position in shares of Ryder System in the 4th quarter valued at about $1,892,000. Fifth Third Bancorp lifted its stake in Ryder System by 5.4% during the fourth quarter. Fifth Third Bancorp now owns 22,866 shares of the transportation company’s stock worth $2,631,000 after purchasing an additional 1,168 shares during the last quarter. Finally, Quent Capital LLC lifted its stake in Ryder System by 17.7% during the fourth quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock worth $86,000 after purchasing an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Ryder System from $117.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Wells Fargo & Company boosted their target price on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 15th. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. Robert W. Baird reiterated a “buy” rating and issued a $140.00 price objective on shares of Ryder System in a research note on Wednesday, January 3rd. Finally, Stephens boosted their price objective on Ryder System from $110.00 to $113.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $120.00.

Insider Buying and Selling

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the sale, the chief marketing officer now owns 12,396 shares of the company’s stock, valued at $1,406,698.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.10% of the stock is currently owned by corporate insiders.

Ryder System Price Performance

Shares of NYSE R opened at $108.77 on Thursday. The stock has a market cap of $4.81 billion, a P/E ratio of 12.46 and a beta of 1.40. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.80. The stock has a 50 day moving average of $114.75 and a two-hundred day moving average of $110.25. Ryder System, Inc. has a twelve month low of $76.15 and a twelve month high of $121.58.

Ryder System (NYSE:R) last released its earnings results on Wednesday, February 14th. The transportation company reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.20. Ryder System had a return on equity of 19.68% and a net margin of 3.45%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the previous year, the company posted $3.89 earnings per share. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, research analysts forecast that Ryder System, Inc. will post 11.9 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 20th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Friday, February 16th. Ryder System’s dividend payout ratio is presently 32.53%.

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.