AlphaQuest LLC Sells 3,310 Shares of Ryder System, Inc. (NYSE:R)

AlphaQuest LLC trimmed its position in Ryder System, Inc. (NYSE:R - Free Report) by 87.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 462 shares of the transportation company's stock after selling 3,310 shares during the quarter. AlphaQuest LLC's holdings in Ryder System were worth $72,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of R. Jacobs Levy Equity Management Inc. raised its stake 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 valued at $62,055,000 after purchasing an additional 289,388 shares in the last quarter. 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 valued at $113,945,000 after purchasing an additional 281,052 shares in the last quarter. Pacific Heights Asset Management LLC raised its stake 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 valued at $28,235,000 after purchasing an additional 100,000 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Ryder System in the fourth quarter valued at approximately $12,242,000. Finally, Allianz Asset Management GmbH raised its stake in Ryder System by 32.5% in the fourth quarter. Allianz Asset Management GmbH now owns 235,879 shares of the transportation company's stock valued at $37,000,000 after purchasing an additional 57,878 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

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Ryder System Price Performance

Shares of R stock traded up $1.24 during trading hours on Friday, hitting $141.70. 623,993 shares of the company's stock were exchanged, compared to its average volume of 280,401. The company has a market capitalization of $5.91 billion, a PE ratio of 12.78 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. The business's 50 day simple moving average is $157.35 and its 200-day simple moving average is $154.78. 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 - Get Free Report) last issued its earnings results 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 net margin of 3.87% and a return on equity of 17.23%. On average, equities research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were issued a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Tuesday, February 18th. Ryder System's dividend payout ratio is 29.22%.

Wall Street Analysts Forecast Growth

R has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their target price on shares of Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. StockNews.com raised shares of Ryder System from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $176.00 to $174.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.