First Trust Advisors LP Has $27.08 Million Holdings in Ryder System, Inc. (NYSE:R)

First Trust Advisors LP trimmed its position in Ryder System, Inc. (NYSE:R - Free Report) by 9.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 172,655 shares of the transportation company's stock after selling 17,863 shares during the quarter. First Trust Advisors LP owned about 0.41% of Ryder System worth $27,083,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Keystone Financial Group Inc. acquired a new position in Ryder System during the 4th quarter valued at $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Ryder System in the 4th quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Ryder System in the 3rd quarter worth about $34,000. R Squared Ltd bought a new stake in Ryder System during the 4th quarter worth about $45,000. Finally, Principal Securities Inc. grew its holdings in Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock worth $54,000 after acquiring 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 Down 0.3 %

Shares of R traded down $0.41 during trading hours on Tuesday, reaching $137.76. The stock had a trading volume of 290,913 shares, compared to its average volume of 307,833. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System, Inc. has a 52 week low of $116.58 and a 52 week high of $171.78. The firm has a 50-day moving average of $144.80 and a 200 day moving average of $154.21. The company has a market cap of $5.70 billion, a P/E ratio of 12.42 and a beta of 1.10.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, beating analysts' consensus estimates of $2.40 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The business had revenue of $3.13 billion during the quarter, compared to analysts' expectations of $3.17 billion. During the same quarter in the prior year, the company earned $2.14 EPS. The firm's quarterly revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, February 18th were given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System's dividend payout ratio is currently 28.25%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. StockNews.com lowered shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, Stephens reduced their target price on shares of Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Friday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $160.50.

About Ryder System

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.