Wells Fargo & Company MN Has $13.59 Million Stock Position in Ryder System, Inc. (NYSE:R)

Wells Fargo & Company MN trimmed its stake in Ryder System, Inc. (NYSE:R) by 16.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,651 shares of the transportation company’s stock after selling 17,542 shares during the quarter. Wells Fargo & Company MN owned 0.20% of Ryder System worth $13,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC increased its position in Ryder System by 4.7% in the 3rd quarter. HighTower Advisors LLC now owns 7,537 shares of the transportation company’s stock worth $1,089,000 after purchasing an additional 339 shares during the last quarter. Stifel Financial Corp increased its holdings in Ryder System by 4.5% in the third quarter. Stifel Financial Corp now owns 28,552 shares of the transportation company’s stock worth $4,163,000 after buying an additional 1,219 shares during the last quarter. MML Investors Services LLC raised its position in Ryder System by 4.7% during the third quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company’s stock valued at $303,000 after acquiring an additional 94 shares in the last quarter. Barclays PLC lifted its stake in Ryder System by 13.1% in the third quarter. Barclays PLC now owns 28,780 shares of the transportation company’s stock valued at $4,196,000 after acquiring an additional 3,344 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Ryder System by 0.8% in the third quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company’s stock worth $105,397,000 after acquiring an additional 5,860 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Trading Up 1.2 %

Shares of NYSE:R opened at $140.80 on Tuesday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The stock’s 50-day moving average is $149.75 and its 200-day moving average is $154.76. The company has a market cap of $5.88 billion, a P/E ratio of 12.70 and a beta of 1.10. Ryder System, Inc. has a 52-week low of $106.88 and a 52-week high of $171.78.

Ryder System (NYSE:R) last released its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, beating 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%. Equities research 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 was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were given a $0.81 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.24 annualized dividend and a yield of 2.30%. Ryder System’s dividend payout ratio is 29.22%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on R shares. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. decreased their price target on Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Ryder System currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

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.