Alliancebernstein L.P. lowered its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,142 shares of the transportation company's stock after selling 1,885 shares during the period. Alliancebernstein L.P. owned about 0.14% of Ryder System worth $9,120,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in R. HighTower Advisors LLC raised its stake in Ryder System by 4.7% in the 3rd quarter. HighTower Advisors LLC now owns 7,537 shares of the transportation company's stock valued at $1,089,000 after purchasing an additional 339 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Ryder System by 4.5% during the third quarter. Stifel Financial Corp now owns 28,552 shares of the transportation company's stock valued at $4,163,000 after acquiring an additional 1,219 shares in the last quarter. MML Investors Services LLC raised its holdings in Ryder System by 4.7% in the third quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company's stock valued at $303,000 after acquiring an additional 94 shares in the last quarter. Barclays PLC boosted its stake in Ryder System by 13.1% during the 3rd quarter. Barclays PLC now owns 28,780 shares of the transportation company's stock valued at $4,196,000 after acquiring an additional 3,344 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Ryder System by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company's stock worth $105,397,000 after purchasing an additional 5,860 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. 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 note on Thursday, February 13th. StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.00.
View Our Latest Analysis on R
Ryder System Price Performance
Shares of R traded down $1.30 during trading hours on Wednesday, hitting $139.39. 39,313 shares of the company were exchanged, compared to its average volume of 304,475. The firm has a fifty day simple moving average of $149.43 and a 200-day simple moving average of $154.67. The company has a market capitalization of $5.82 billion, a PE ratio of 12.53 and a beta of 1.10. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. Ryder System, Inc. has a one year low of $106.88 and a one year high of $171.78.
Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, beating 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%. As a group, sell-side analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.
Ryder System Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend 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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