Franklin Resources Inc. Has $20.25 Million Stock Holdings in Ryder System, Inc. (NYSE:R)

Franklin Resources Inc. cut its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,098 shares of the transportation company's stock after selling 7,683 shares during the quarter. Franklin Resources Inc. owned 0.31% of Ryder System worth $20,250,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of R. Keystone Financial Group Inc. acquired a new position in Ryder System in the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Ryder System in the fourth quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ryder System in the third quarter worth $34,000. R Squared Ltd purchased a new position in shares of Ryder System during the fourth quarter valued at $45,000. Finally, Principal Securities Inc. raised its position in Ryder System by 36.5% during the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after buying an additional 92 shares during the period. 87.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com cut Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. The Goldman Sachs Group raised their price target on shares of Ryder System from $160.00 to $183.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. 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 research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.00.

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Ryder System Stock Up 0.3 %

NYSE:R traded up $0.40 during mid-day trading on Friday, reaching $139.04. The stock had a trading volume of 379,093 shares, compared to its average volume of 304,255. The stock has a market cap of $5.80 billion, a P/E ratio of 12.54 and a beta of 1.10. The business's 50 day moving average is $150.10 and its 200 day moving average is $154.73. 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 fifty-two week low of $106.88 and a fifty-two week high of $171.78.

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

Ryder System Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were given a dividend of $0.81 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.33%. Ryder System's 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.