Rhumbline Advisers Sells 4,574 Shares of Ryder System, Inc. (NYSE:R)

Rhumbline Advisers cut its position in shares of Ryder System, Inc. (NYSE:R) by 3.7% in the fourth quarter, HoldingsChannel reports. The firm owned 117,953 shares of the transportation company’s stock after selling 4,574 shares during the period. Rhumbline Advisers’ holdings in Ryder System were worth $18,502,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Jacobs Levy Equity Management Inc. lifted its position in shares of Ryder System by 212.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company’s stock worth $62,055,000 after purchasing an additional 289,388 shares during the period. FMR LLC raised its stake in Ryder System by 56.2% in the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock worth $113,945,000 after buying an additional 281,052 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Ryder System during the fourth quarter worth $12,242,000. Thompson Siegel & Walmsley LLC bought a new stake in Ryder System during the 3rd quarter valued at $4,243,000. Finally, Franklin Resources Inc. increased its holdings in shares of Ryder System by 14.3% in the 3rd quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company’s stock valued at $20,724,000 after acquiring an additional 17,074 shares during the period. 87.47% of the stock is owned by institutional investors.

Ryder System Trading Down 0.7 %

Shares of NYSE:R opened at $164.85 on Friday. The business’s 50-day moving average is $160.53 and its 200 day moving average is $152.98. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. Ryder System, Inc. has a 1 year low of $106.88 and a 1 year high of $171.78. The firm has a market capitalization of $6.94 billion, a P/E ratio of 14.86 and a beta of 1.29.

Ryder System (NYSE:R) last posted its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.39 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. On average, research analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.81 per share. The ex-dividend date is Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a yield of 1.97%. Ryder System’s dividend payout ratio is currently 29.22%.

Analyst Ratings Changes

A number of brokerages recently weighed in on R. The Goldman Sachs Group upped their price objective on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Finally, StockNews.com upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a report on Monday, February 17th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $157.00.

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.