Legal & General Group Plc Sells 8,792 Shares of Ryder System, Inc. (NYSE:R)

Legal & General Group Plc decreased its position in Ryder System, Inc. (NYSE:R - Free Report) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,573 shares of the transportation company's stock after selling 8,792 shares during the quarter. Legal & General Group Plc owned 0.25% of Ryder System worth $16,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of R. Keystone Financial Group Inc. bought a new stake in Ryder System in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in Ryder System during the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new stake in Ryder System in the 3rd quarter worth $34,000. R Squared Ltd purchased a new position in shares of Ryder System in the fourth quarter valued at about $45,000. Finally, Principal Securities Inc. raised its stake in shares of 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 acquiring an additional 92 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors.

Ryder System Stock Up 0.3 %

Shares of R stock traded up $0.43 during mid-day trading on Friday, reaching $138.55. 655,270 shares of the company's stock traded hands, compared to its average volume of 307,748. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The company's 50-day moving average price is $148.26 and its 200-day moving average price is $154.46. The company has a market cap of $5.78 billion, a P/E ratio of 12.49 and a beta of 1.10. Ryder System, Inc. has a 12 month low of $107.17 and a 12 month high of $171.78.

Ryder System (NYSE:R - Get Free Report) last announced its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share 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 expect that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.81 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.34%. Ryder System's payout ratio is presently 29.22%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on R shares. JPMorgan Chase & Co. reduced their price target on Ryder System from $176.00 to $174.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $157.00.

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.