New York State Teachers Retirement System decreased its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,395 shares of the transportation company's stock after selling 5,410 shares during the quarter. New York State Teachers Retirement System owned 0.12% of Ryder System worth $8,062,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of R. FMR LLC raised its holdings in shares of Ryder System by 56.2% during the 3rd quarter. FMR LLC now owns 781,519 shares of the transportation company's stock worth $113,945,000 after buying an additional 281,052 shares in the last quarter. Geode Capital Management LLC raised its stake in Ryder System by 0.8% during the third quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company's stock worth $105,397,000 after acquiring an additional 5,860 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Ryder System by 212.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company's stock worth $62,055,000 after acquiring an additional 289,388 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ryder System by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 398,837 shares of the transportation company's stock worth $58,150,000 after acquiring an additional 1,946 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Ryder System by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 145,353 shares of the transportation company's stock valued at $21,192,000 after purchasing an additional 10,446 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
R has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. StockNews.com upgraded Ryder System from a "hold" rating to a "buy" rating in a research note on Monday. Finally, JPMorgan Chase & Co. cut their price objective on Ryder System from $176.00 to $174.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Ryder System has a consensus rating of "Moderate Buy" and an average target price of $157.00.
Check Out Our Latest Analysis on R
Ryder System Trading Down 0.7 %
Shares of R stock traded down $1.23 during trading hours on Friday, hitting $164.85. 576,115 shares of the company's stock traded hands, compared to its average volume of 367,806. The stock has a market cap of $6.94 billion, a PE ratio of 14.86 and a beta of 1.29. The stock's 50 day simple moving average is $160.54 and its 200 day simple moving average is $152.74. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System, Inc. has a 12 month low of $106.88 and a 12 month high of $171.78.
Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 earnings per share for the quarter, beating 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, sell-side analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current year.
Ryder System Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Tuesday, February 18th. Ryder System's dividend payout ratio is currently 29.22%.
Ryder System Profile
(
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.
Further Reading
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