Martingale Asset Management L P Sells 4,136 Shares of Ryder System, Inc. (NYSE:R)

Martingale Asset Management L P lessened its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 29.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,043 shares of the transportation company's stock after selling 4,136 shares during the period. Martingale Asset Management L P's holdings in Ryder System were worth $1,575,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in R. Bank of Nova Scotia acquired a new position in shares of Ryder System in the fourth quarter valued at approximately $1,172,000. Invesco Ltd. increased its position in Ryder System by 22.2% during the 4th quarter. Invesco Ltd. now owns 456,968 shares of the transportation company's stock worth $71,680,000 after buying an additional 82,893 shares during the period. Bank of Montreal Can lifted its holdings in shares of Ryder System by 6.4% during the fourth quarter. Bank of Montreal Can now owns 6,674 shares of the transportation company's stock worth $1,047,000 after buying an additional 403 shares in the last quarter. FMR LLC boosted its position in shares of Ryder System by 3.1% in the fourth quarter. FMR LLC now owns 805,571 shares of the transportation company's stock valued at $126,362,000 after acquiring an additional 24,052 shares during the period. Finally, Aristides Capital LLC grew its stake in shares of Ryder System by 31.0% in the fourth quarter. Aristides Capital LLC now owns 2,114 shares of the transportation company's stock valued at $332,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price 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 lowered shares of 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $157.00.

Ryder System Price Performance

Shares of R stock traded down $0.06 on Tuesday, reaching $140.82. The company had a trading volume of 267,255 shares, compared to its average volume of 305,464. The business's 50-day moving average is $149.75 and its 200 day moving average is $154.76. Ryder System, Inc. has a one year low of $106.88 and a one year 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. The stock has a market capitalization of $5.88 billion, a PE ratio of 12.70 and a beta of 1.10.

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 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%. Equities research analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The company 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 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Tuesday, February 18th. Ryder System's dividend payout ratio (DPR) 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.