Charles Schwab Investment Management Inc. Sells 7,994 Shares of Ryder System, Inc. (NYSE:R)

Charles Schwab Investment Management Inc. reduced its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,843 shares of the transportation company's stock after selling 7,994 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.92% of Ryder System worth $61,308,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in R. Keystone Financial Group Inc. bought a new stake in shares of Ryder System during the fourth quarter worth $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Ryder System during the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Ryder System during the third quarter worth $34,000. R Squared Ltd bought a new stake in shares of Ryder System during the fourth quarter worth $45,000. Finally, Principal Securities Inc. grew its stake in shares of Ryder System by 36.5% in 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. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Trading Up 3.1 %

NYSE R traded up $4.27 during trading on Friday, hitting $140.65. The company had a trading volume of 469,407 shares, compared to its average volume of 378,812. Ryder System, Inc. has a one year low of $106.88 and a one year high of $171.78. The company's fifty day moving average is $159.00 and its 200-day moving average is $154.83. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 12.68 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.

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Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, beating 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, sell-side analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Tuesday, February 18th. Ryder System's payout ratio is 29.22%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on R. The Goldman Sachs Group upped 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. StockNews.com cut shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Ryder System from $176.00 to $174.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Ryder System 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.