Ryder System, Inc. (NYSE:R) Shares Sold by Amundi

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

Other hedge funds also recently bought and sold shares of the company. Keystone Financial Group Inc. acquired a new position in Ryder System during the 4th quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Ryder System in the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Ryder System during the 3rd quarter worth $34,000. R Squared Ltd acquired a new stake in Ryder System in the fourth quarter valued at $45,000. Finally, Principal Securities Inc. lifted its stake in Ryder System by 36.5% during the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock worth $54,000 after purchasing an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on R shares. JPMorgan Chase & Co. reduced their price objective on shares of Ryder System from $176.00 to $174.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. StockNews.com raised shares of Ryder System from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, 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. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $157.00.

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Ryder System Stock Performance

Shares of NYSE:R traded up $1.24 on Friday, reaching $141.70. The company's stock had a trading volume of 620,789 shares, compared to its average volume of 280,034. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. Ryder System, Inc. has a 52-week low of $106.88 and a 52-week high of $171.78. The stock's 50-day moving average is $157.61 and its two-hundred day moving average is $154.69. The stock has a market capitalization of $5.91 billion, a P/E ratio of 12.78 and a beta of 1.23.

Ryder System (NYSE:R - Get Free Report) 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%. As a group, sell-side analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.24 annualized dividend and a yield of 2.29%. Ryder System's dividend payout ratio is currently 29.22%.

Ryder System 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.