Geode Capital Management LLC Reduces Holdings in Ryder System, Inc. (NYSE:R)

Geode Capital Management LLC reduced its position in Ryder System, Inc. (NYSE:R - Free Report) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 706,043 shares of the transportation company's stock after selling 16,646 shares during the quarter. Geode Capital Management LLC owned 1.67% of Ryder System worth $110,785,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in R. OLD Mission Capital LLC purchased a new stake in shares of Ryder System during the fourth quarter valued at $2,133,000. Cambridge Financial Group Inc. bought a new stake in Ryder System during the 4th quarter valued at about $9,696,000. denkapparat Operations GmbH purchased a new stake in Ryder System in the 4th quarter valued at about $231,000. Pictet Asset Management Holding SA increased its position in shares of Ryder System by 7.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,870 shares of the transportation company's stock worth $921,000 after acquiring an additional 422 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Ryder System during the fourth quarter valued at approximately $86,000. Institutional investors own 87.47% of the company's stock.

Ryder System Stock Up 1.1 %

Shares of R traded up $1.50 during trading hours on Tuesday, hitting $142.38. The company had a trading volume of 47,312 shares, compared to its average volume of 303,863. 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 price is $149.75 and its two-hundred day moving average price is $154.76. The company has a market capitalization of $5.94 billion, a PE ratio of 12.83 and a beta of 1.10. 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 released its quarterly earnings results 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%. As a group, equities analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System's dividend payout ratio is currently 29.22%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. StockNews.com cut Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. dropped their price target on Ryder System from $176.00 to $174.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.