Amundi Trims Holdings in Ryder System, Inc. (NYSE:R)

Amundi lessened its stake in Ryder System, Inc. (NYSE:R) by 24.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,001 shares of the transportation company’s stock after selling 3,785 shares during the period. Amundi’s holdings in Ryder System were worth $1,901,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in R. Jacobs Levy Equity Management Inc. lifted its holdings in Ryder System by 212.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company’s stock worth $62,055,000 after buying an additional 289,388 shares during the last quarter. FMR LLC lifted its stake in Ryder System by 56.2% during the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock worth $113,945,000 after purchasing an additional 281,052 shares during the last quarter. Pacific Heights Asset Management LLC boosted its holdings in Ryder System by 125.0% in the fourth quarter. Pacific Heights Asset Management LLC now owns 180,000 shares of the transportation company’s stock worth $28,235,000 after purchasing an additional 100,000 shares during the period. Assenagon Asset Management S.A. bought a new stake in Ryder System during the fourth quarter valued at $12,242,000. Finally, Allianz Asset Management GmbH raised its holdings in shares of Ryder System by 32.5% during the fourth quarter. Allianz Asset Management GmbH now owns 235,879 shares of the transportation company’s stock worth $37,000,000 after purchasing an additional 57,878 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

R has been the subject of several research reports. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their target price on Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Finally, The Goldman Sachs Group raised their price target on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Ryder System currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Ryder System Stock Performance

R opened at $142.01 on Tuesday. Ryder System, Inc. has a twelve month low of $106.88 and a twelve month high of $171.78. The stock has a market cap of $5.98 billion, a PE ratio of 12.81 and a beta of 1.23. The business’s 50 day moving average is $158.70 and its 200-day moving average is $154.94. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14.

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

Ryder System Announces Dividend

The business 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 dividend yield of 2.28%. Ryder System’s dividend payout ratio (DPR) is 29.22%.

Ryder System Company 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.