Phocas Financial Corp. Has $1.11 Million Position in Ryder System, Inc. (NYSE:R)

Phocas Financial Corp. reduced its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 79.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,071 shares of the transportation company's stock after selling 27,316 shares during the period. Phocas Financial Corp.'s holdings in Ryder System were worth $1,109,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Kovitz Investment Group Partners LLC lifted its holdings in Ryder System by 376.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company's stock valued at $1,405,000 after buying an additional 7,715 shares during the period. James Investment Research Inc. lifted its holdings in Ryder System by 32.0% in the fourth quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company's stock valued at $1,941,000 after buying an additional 2,999 shares during the period. Franklin Resources Inc. lifted its holdings in Ryder System by 14.3% in the third quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company's stock valued at $20,724,000 after buying an additional 17,074 shares during the period. Assenagon Asset Management S.A. bought a new stake in Ryder System in the fourth quarter valued at approximately $12,242,000. Finally, Janney Montgomery Scott LLC raised its holdings in Ryder System by 83.0% in the third quarter. Janney Montgomery Scott LLC now owns 9,260 shares of the transportation company's stock worth $1,350,000 after purchasing an additional 4,200 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Stock Up 3.0 %

Shares of NYSE:R traded up $4.76 during midday trading on Friday, reaching $164.40. 441,199 shares of the company were exchanged, compared to its average volume of 363,210. Ryder System, Inc. has a fifty-two week low of $106.88 and a fifty-two 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. The stock has a fifty day simple moving average of $160.77 and a two-hundred day simple moving average of $153.98. The firm has a market cap of $6.92 billion, a PE ratio of 14.82 and a beta of 1.29.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, topping 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%. As a group, sell-side analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.97%. Ryder System's payout ratio is 29.22%.

Wall Street Analysts Forecast Growth

R has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on shares of Ryder System from $176.00 to $174.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. The Goldman Sachs Group increased their target price on shares of Ryder System from $160.00 to $183.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Finally, StockNews.com lowered shares of Ryder System from a "buy" rating to a "hold" rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Ryder System has a consensus rating of "Moderate Buy" and a consensus price target 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.