Ryder System, Inc. (NYSE:R) Shares Sold by Vectors Research Management LLC

Vectors Research Management LLC cut its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,255 shares of the transportation company's stock after selling 2,163 shares during the period. Vectors Research Management LLC's holdings in Ryder System were worth $3,020,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Keystone Financial Group Inc. bought a new stake in shares of Ryder System in the 4th quarter worth about $26,000. SBI Securities Co. Ltd. purchased a new stake in Ryder System in the 4th quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new stake in Ryder System in the third quarter worth about $34,000. R Squared Ltd purchased a new position in shares of Ryder System during the fourth quarter valued at approximately $45,000. Finally, Principal Securities Inc. grew its stake in shares of Ryder System by 36.5% during the fourth 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. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Stock Down 1.4 %

Shares of NYSE:R traded down $1.90 on Friday, reaching $137.23. The company had a trading volume of 234,482 shares, compared to its average volume of 397,497. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The firm has a market capitalization of $5.73 billion, a PE ratio of 12.37 and a beta of 1.10. Ryder System, Inc. has a 52-week low of $116.58 and a 52-week high of $171.78. The firm's 50 day simple moving average is $146.07 and its 200-day simple moving average is $154.27.

Ryder System (NYSE:R - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, topping analysts' consensus estimates of $2.40 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the previous year, the company posted $2.14 earnings per share. As a group, analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System's dividend payout ratio is presently 28.25%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on R shares. Stephens dropped their price objective on Ryder System from $168.00 to $150.00 and set an "equal weight" rating for the company in a report on Friday. StockNews.com lowered shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating on the stock in a research note on Thursday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Ryder System presently has a consensus rating of "Moderate Buy" and an average price target of $160.50.

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.