California Public Employees Retirement System lowered its position in Ryder System, Inc. (NYSE:R - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,373 shares of the transportation company's stock after selling 4,336 shares during the period. California Public Employees Retirement System owned about 0.19% of Ryder System worth $12,450,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC purchased a new stake in Ryder System in the 4th quarter worth approximately $314,075,000. Sei Investments Co. grew its stake in Ryder System by 1.6% in the 4th quarter. Sei Investments Co. now owns 856,507 shares of the transportation company's stock worth $134,351,000 after acquiring an additional 13,529 shares during the period. American Century Companies Inc. grew its stake in shares of Ryder System by 0.3% during the 4th quarter. American Century Companies Inc. now owns 843,895 shares of the transportation company's stock valued at $132,373,000 after buying an additional 2,121 shares during the period. Geode Capital Management LLC grew its stake in shares of Ryder System by 0.8% during the 3rd 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 during the period. Finally, Norges Bank purchased a new stake in shares of Ryder System during the 4th quarter valued at $97,844,000. Institutional investors and hedge funds own 87.47% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on R. JPMorgan Chase & Co. lowered 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 note on Thursday, February 13th. The Goldman Sachs Group lifted their target price on shares of Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, StockNews.com lowered shares of Ryder System from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Ryder System currently has an average rating of "Moderate Buy" and an average price target of $157.00.
Check Out Our Latest Stock Report on Ryder System
Ryder System Stock Down 3.7 %
R stock traded down $5.38 during trading on Thursday, reaching $139.23. The stock had a trading volume of 58,655 shares, compared to its average volume of 301,905. Ryder System, Inc. has a 1-year low of $106.88 and a 1-year high of $171.78. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $5.81 billion, a P/E ratio of 12.56 and a beta of 1.10. The firm has a fifty day moving average price of $150.85 and a 200 day moving average price of $154.86.
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, beating analysts' consensus estimates 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 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 declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were paid a $0.81 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.33%. Ryder System's payout ratio is currently 29.22%.
Ryder System Profile
(
Free Report)
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.
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