Prudential Financial Inc. Trims Stock Holdings in Ryder System, Inc. (NYSE:R)

Prudential Financial Inc. trimmed its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 24.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66,233 shares of the transportation company's stock after selling 20,921 shares during the period. Prudential Financial Inc. owned approximately 0.16% of Ryder System worth $10,389,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Wealthfront Advisers LLC acquired a new stake in Ryder System in the fourth quarter worth $314,075,000. Jacobs Levy Equity Management Inc. grew its stake in shares of Ryder System by 212.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company's stock valued at $62,055,000 after buying an additional 289,388 shares during the period. FMR LLC increased its position in Ryder System by 56.2% in the 3rd quarter. FMR LLC now owns 781,519 shares of the transportation company's stock valued at $113,945,000 after buying an additional 281,052 shares in the last quarter. Pacific Heights Asset Management LLC boosted its holdings in Ryder System by 125.0% in the fourth quarter. Pacific Heights Asset Management LLC now owns 180,000 shares of the transportation company's stock worth $28,235,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Ryder System in the fourth quarter valued at approximately $12,242,000. Institutional investors and hedge funds own 87.47% of the company's stock.

Ryder System Stock Up 1.6 %

Ryder System stock traded up $2.36 during midday trading on Wednesday, hitting $148.62. 96,720 shares of the stock were exchanged, compared to its average volume of 371,766. 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. The business's 50-day moving average price is $154.72 and its 200-day moving average price is $155.37. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 13.40 and a beta of 1.23.

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Ryder System (NYSE:R - Get Free Report) last released its earnings results 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 return on equity of 17.23% and a net margin of 3.87%. On average, research analysts expect that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.81 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.18%. Ryder System's payout ratio is currently 29.22%.

Analyst Ratings Changes

R has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their target price 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 lowered shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, The Goldman Sachs Group boosted their target price on shares of Ryder System from $160.00 to $183.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $157.00.

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.