Vanguard Group Inc. Decreases Stock Position in Ryder System, Inc. (NYSE:R)

Vanguard Group Inc. decreased its stake in shares of Ryder System, Inc. (NYSE:R) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,037,455 shares of the transportation company’s stock after selling 24,078 shares during the quarter. Vanguard Group Inc. owned approximately 11.91% of Ryder System worth $790,175,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of R. Sanctuary Advisors LLC raised its position in shares of Ryder System by 0.9% during the 4th quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company’s stock worth $1,282,000 after acquiring an additional 68 shares in the last quarter. Savant Capital LLC raised its holdings in Ryder System by 3.6% during the fourth quarter. Savant Capital LLC now owns 2,438 shares of the transportation company’s stock worth $382,000 after purchasing an additional 84 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of Ryder System by 36.5% in the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after buying an additional 92 shares in the last quarter. MML Investors Services LLC grew its position in shares of Ryder System by 4.7% in the 3rd quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company’s stock valued at $303,000 after buying an additional 94 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in Ryder System by 36.6% during the 4th quarter. UMB Bank n.a. now owns 362 shares of the transportation company’s stock worth $57,000 after acquiring an additional 97 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analysts Set New Price Targets

R has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their target price on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut their target price on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Ryder System has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Ryder System Stock Performance

NYSE R opened at $140.53 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The business’s 50 day moving average is $155.53 and its two-hundred day moving average is $155.10. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 12.67 and a beta of 1.23. Ryder System, Inc. has a 12-month low of $106.88 and a 12-month high of $171.78.

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

Ryder System Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, February 18th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System’s dividend payout ratio is currently 29.22%.

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.