Comerica Bank decreased its holdings in shares of Ryder System, Inc. (NYSE:R) by 7.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 324,505 shares of the transportation company’s stock after selling 27,580 shares during the quarter. Comerica Bank owned about 0.61% of Ryder System worth $26,655,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. JFS Wealth Advisors LLC grew its stake in shares of Ryder System by 1.1% in the second quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock valued at $156,000 after buying an additional 24 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Ryder System by 1.7% in the second quarter. Teacher Retirement System of Texas now owns 4,270 shares of the transportation company’s stock valued at $307,000 after buying an additional 71 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Ryder System by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock valued at $141,000 after buying an additional 156 shares in the last quarter. Creative Planning grew its stake in shares of Ryder System by 10.0% in the second quarter. Creative Planning now owns 2,904 shares of the transportation company’s stock valued at $209,000 after buying an additional 264 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Ryder System by 4.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,099 shares of the transportation company’s stock valued at $439,000 after buying an additional 282 shares in the last quarter. 88.85% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on R. ValuEngine raised Ryder System from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research cut Ryder System from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. KeyCorp raised Ryder System from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, September 13th. Robert W. Baird reissued an “outperform” rating and set a $98.00 target price (up from $84.00) on shares of Ryder System in a research note on Monday, October 2nd. Finally, BidaskClub raised Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Ryder System has an average rating of “Buy” and an average target price of $85.00.

In other Ryder System news, CMO Karen M. Jones sold 4,790 shares of Ryder System stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $81.78, for a total transaction of $391,726.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dennis C. Cooke sold 32,328 shares of Ryder System stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $81.46, for a total value of $2,633,438.88. The disclosure for this sale can be found here. Insiders have sold a total of 41,620 shares of company stock valued at $3,353,856 over the last ninety days. 1.95% of the stock is owned by company insiders.

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Ryder System, Inc. (NYSE:R) traded up $0.43 on Tuesday, reaching $79.35. The company had a trading volume of 603,000 shares, compared to its average volume of 719,493. The firm has a market cap of $4,178.63, a PE ratio of 18.70, a price-to-earnings-growth ratio of 1.17 and a beta of 1.51. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.02 and a quick ratio of 0.96. Ryder System, Inc. has a 1 year low of $62.52 and a 1 year high of $85.50.

Ryder System (NYSE:R) last announced its quarterly earnings results on Tuesday, October 24th. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.04. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.80 billion. Ryder System had a return on equity of 10.72% and a net margin of 2.75%. Ryder System’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.67 EPS. equities research analysts anticipate that Ryder System, Inc. will post 4.5 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Friday, November 17th. Ryder System’s dividend payout ratio (DPR) is 49.86%.

Ryder System Company Profile

Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.

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

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