Rhumbline Advisers Sells 4,574 Shares of Ryder System, Inc. (NYSE:R)

Rhumbline Advisers decreased its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,953 shares of the transportation company's stock after selling 4,574 shares during the quarter. Rhumbline Advisers owned 0.28% of Ryder System worth $18,502,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in R. Creative Planning grew its holdings in shares of Ryder System by 5.5% during the 3rd quarter. Creative Planning now owns 25,220 shares of the transportation company's stock valued at $3,677,000 after purchasing an additional 1,308 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Ryder System by 73.7% in the 3rd quarter. Raymond James & Associates now owns 32,075 shares of the transportation company's stock valued at $4,677,000 after purchasing an additional 13,613 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Ryder System by 79.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,962 shares of the transportation company's stock worth $578,000 after acquiring an additional 1,748 shares during the period. Ballentine Partners LLC acquired a new stake in Ryder System during the third quarter worth approximately $207,000. Finally, First Bank & Trust bought a new stake in Ryder System in the third quarter worth approximately $204,000. Institutional investors and hedge funds own 87.47% of the company's stock.

Ryder System Stock Performance

R stock traded up $0.95 during midday trading on Tuesday, reaching $160.66. 318,416 shares of the company's stock traded hands, compared to its average volume of 368,664. Ryder System, Inc. has a 52 week low of $106.88 and a 52 week high of $171.78. The company has a 50-day moving average price of $160.42 and a two-hundred day moving average price of $153.66. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $6.76 billion, a PE ratio of 14.49 and a beta of 1.30.

Ryder System (NYSE:R - Get Free Report) last issued its earnings results on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. As a group, equities analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be given 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 2.02%. Ryder System's dividend payout ratio (DPR) is currently 29.22%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on R. The Goldman Sachs Group lifted their price target on shares of Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. StockNews.com downgraded shares of Ryder System from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target on Ryder System from $176.00 to $174.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently 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.