Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,850 shares of the transportation company's stock after selling 6,896 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.13% of Ryder System worth $8,604,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC lifted its position in shares of 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 last quarter. James Investment Research Inc. raised its stake in Ryder System by 32.0% in the 4th quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company's stock valued at $1,941,000 after acquiring an additional 2,999 shares during the period. Franklin Resources Inc. lifted its holdings in Ryder System by 14.3% during the 3rd quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company's stock valued at $20,724,000 after purchasing an additional 17,074 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Ryder System during the fourth quarter worth $12,242,000. Finally, Barclays PLC increased its holdings in shares of Ryder System by 13.1% in the third quarter. Barclays PLC now owns 28,780 shares of the transportation company's stock valued at $4,196,000 after purchasing an additional 3,344 shares during the last quarter. 87.47% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
R has been the subject of a number of research reports. StockNews.com cut shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. The Goldman Sachs Group increased their price target on shares of Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reduced their price objective on Ryder System from $176.00 to $174.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $157.00.
Check Out Our Latest Report on R
Ryder System Stock Performance
Shares of R stock traded up $4.43 on Wednesday, hitting $150.69. The company's stock had a trading volume of 298,962 shares, compared to its average volume of 293,843. 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 debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The stock's 50 day moving average is $154.72 and its 200-day moving average is $155.37. The company has a market capitalization of $6.29 billion, a PE ratio of 13.59 and a beta of 1.23.
Ryder System (NYSE:R - Get Free Report) last announced 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 net margin of 3.87% and a return on equity of 17.23%. Equities research analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.
Ryder System Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Tuesday, February 18th. Ryder System's dividend payout ratio (DPR) is currently 29.22%.
About Ryder System
(
Free Report)
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.
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