LSV Asset Management Decreases Holdings in Ryder System, Inc. (NYSE:R)

LSV Asset Management lowered its position in Ryder System, Inc. (NYSE:R - Free Report) by 2.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,451,541 shares of the transportation company's stock after selling 36,440 shares during the period. LSV Asset Management owned 3.43% of Ryder System worth $227,689,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of R. Wealthfront Advisers LLC bought a new stake in Ryder System during the 4th quarter valued at $314,075,000. Sei Investments Co. raised its stake in shares of Ryder System by 1.6% during the 4th quarter. Sei Investments Co. now owns 856,507 shares of the transportation company's stock worth $134,351,000 after purchasing an additional 13,529 shares during the period. American Century Companies Inc. grew its position in shares of Ryder System by 0.3% during the 4th quarter. American Century Companies Inc. now owns 843,895 shares of the transportation company's stock valued at $132,373,000 after acquiring an additional 2,121 shares during the period. FMR LLC increased its position in Ryder System by 3.1% in the fourth quarter. FMR LLC now owns 805,571 shares of the transportation company's stock worth $126,362,000 after buying an additional 24,052 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Ryder System by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company's stock valued at $105,397,000 after acquiring an additional 5,860 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on R shares. StockNews.com lowered Ryder System from a "buy" rating to a "hold" rating in a report 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 for the company in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Ryder System currently has a consensus rating of "Moderate Buy" and a consensus target price of $157.00.

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Ryder System Stock Down 0.1 %

Shares of NYSE:R traded down $0.16 on Tuesday, hitting $140.72. 101,783 shares of the company traded hands, compared to its average volume of 304,072. The company has a market cap of $5.87 billion, a PE ratio of 12.69 and a beta of 1.10. The stock has a 50 day simple moving average of $149.75 and a 200-day simple moving average of $154.76. Ryder System, Inc. has a 52 week low of $106.88 and a 52 week high of $171.78. 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 (NYSE:R - Get Free Report) last issued its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (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, research analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The firm 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. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System's payout ratio is currently 29.22%.

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.