Ryder System, Inc. (NYSE:R) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,699,400 shares of the transportation company's stock after selling 22,025 shares during the quarter. Dimensional Fund Advisors LP owned about 4.02% of Ryder System worth $266,568,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Keystone Financial Group Inc. acquired a new stake in shares of Ryder System in the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Ryder System during the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Ryder System during the 3rd quarter worth $34,000. R Squared Ltd purchased a new position in shares of Ryder System in the 4th quarter valued at about $45,000. Finally, Principal Securities Inc. lifted its stake in shares of Ryder System by 36.5% in the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after purchasing an additional 92 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Price Performance

Shares of NYSE:R traded down $1.90 on Friday, hitting $137.23. The company had a trading volume of 234,482 shares, compared to its average volume of 308,178. The company has a market cap of $5.73 billion, a PE ratio of 12.37 and a beta of 1.10. The business has a 50 day moving average of $146.07 and a 200 day moving average of $154.27. Ryder System, Inc. has a 52-week low of $116.58 and a 52-week high of $171.78. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly 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. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. During the same period in the previous year, the firm posted $2.14 earnings per share. As a group, equities analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Stephens lowered their target price on shares of Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Friday. StockNews.com cut Ryder System from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. reduced their price objective on Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $160.50.

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.