SG Americas Securities LLC Reduces Holdings in Ryder System, Inc. (NYSE:R)

SG Americas Securities LLC lowered its position in Ryder System, Inc. (NYSE:R - Free Report) by 80.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 814 shares of the transportation company's stock after selling 3,352 shares during the period. SG Americas Securities LLC's holdings in Ryder System were worth $128,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of Ryder System by 43.2% during the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company's stock worth $39,000 after acquiring an additional 80 shares during the period. Creative Planning raised its holdings in shares of Ryder System by 5.5% during the 3rd quarter. Creative Planning now owns 25,220 shares of the transportation company's stock worth $3,677,000 after acquiring an additional 1,308 shares during the period. Wolff Wiese Magana LLC purchased a new position in shares of Ryder System during the 3rd quarter worth $28,000. B.O.S.S. Retirement Advisors LLC purchased a new position in shares of Ryder System during the 3rd quarter worth $322,000. Finally, nVerses Capital LLC purchased a new position in shares of Ryder System during the 3rd quarter worth $321,000. Hedge funds and other institutional investors own 87.47% of the company's stock.

Ryder System Trading Up 3.3 %

NYSE R traded up $5.30 during trading on Friday, hitting $166.37. The stock had a trading volume of 509,113 shares, compared to its average volume of 337,776. The company has a market capitalization of $7.00 billion, a PE ratio of 15.56 and a beta of 1.29. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. The firm has a 50 day moving average price of $160.29 and a 200 day moving average price of $151.98. Ryder System, Inc. has a twelve month low of $106.62 and a twelve month high of $171.78.

Ryder System (NYSE:R - Get Free Report) last released its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.39 by $0.06. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. As a group, equities research analysts forecast that Ryder System, Inc. will post 12 earnings per share for the current year.

Ryder System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Tuesday, February 18th. Ryder System's dividend payout ratio is currently 29.22%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their price target on Ryder System from $176.00 to $174.00 and set a "neutral" rating on the stock in a report on Thursday. The Goldman Sachs Group raised their price objective on Ryder System from $160.00 to $183.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Finally, StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a research report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $151.71.

Ryder System Company 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.