Peregrine Capital Management LLC Sells 1,886 Shares of Ryder System, Inc. (NYSE:R)

Peregrine Capital Management LLC lowered its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,955 shares of the transportation company's stock after selling 1,886 shares during the period. Peregrine Capital Management LLC owned about 0.14% of Ryder System worth $9,561,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of R. Keystone Financial Group Inc. purchased a new position in shares of Ryder System during the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Ryder System during the 3rd quarter valued at $34,000. R Squared Ltd purchased a new position in shares of Ryder System during the 4th quarter valued at $45,000. Principal Securities Inc. lifted its position in shares of Ryder System by 36.5% during the 4th 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 last quarter. Finally, UMB Bank n.a. lifted its position in shares of Ryder System by 36.6% during the 4th quarter. UMB Bank n.a. now owns 362 shares of the transportation company's stock valued at $57,000 after buying an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company's stock.

Analyst Upgrades and Downgrades

R has been the topic of a number of recent research reports. 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. StockNews.com upgraded Ryder System from a "hold" rating to a "buy" rating in a research note on Monday. Finally, The Goldman Sachs Group boosted their price objective on Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $157.00.

Ryder System Stock Performance

Shares of NYSE:R traded down $1.23 during midday trading on Friday, reaching $164.85. 576,115 shares of the company traded hands, compared to its average volume of 367,806. 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, Inc. has a 12 month low of $106.88 and a 12 month high of $171.78. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 14.86 and a beta of 1.29. The firm's fifty day moving average price is $160.53 and its two-hundred day moving average price is $152.98.

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, topping analysts' consensus estimates of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. On average, equities 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 announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a yield of 1.97%. Ryder System's dividend payout ratio is currently 29.22%.

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.