Ryder System, Inc. (NYSE:R) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its stake in Ryder System, Inc. (NYSE:R) by 6.1% during the fourth quarter, HoldingsChannel reports. The firm owned 13,312 shares of the transportation company’s stock after selling 866 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Ryder System were worth $2,088,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Wealthfront Advisers LLC purchased a new stake in Ryder System in the 4th quarter valued at approximately $314,075,000. FMR LLC boosted its stake in shares of Ryder System by 56.2% in the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock valued at $113,945,000 after buying an additional 281,052 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Ryder System by 0.8% in the third quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company’s stock valued at $105,397,000 after buying an additional 5,860 shares in the last quarter. Bank of New York Mellon Corp raised its position in Ryder System by 12.6% in the fourth quarter. Bank of New York Mellon Corp now owns 500,274 shares of the transportation company’s stock worth $78,473,000 after acquiring an additional 55,938 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in Ryder System by 212.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company’s stock worth $62,055,000 after acquiring an additional 289,388 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Wall Street Analyst Weigh In

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

Ryder System Stock Performance

Shares of R opened at $143.84 on Friday. Ryder System, Inc. has a 12-month low of $106.88 and a 12-month high of $171.78. The stock has a market cap of $6.00 billion, a P/E ratio of 12.97 and a beta of 1.23. 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 company has a 50-day moving average of $156.03 and a two-hundred day moving average of $154.89.

Ryder System (NYSE:R) last issued 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%. As a group, research analysts predict that Ryder System, Inc. will post 13.68 EPS for the current fiscal 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 paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Tuesday, February 18th. Ryder System’s payout ratio is currently 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.