State of New Jersey Common Pension Fund D lessened its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 11.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,569 shares of the transportation company's stock after selling 1,835 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Ryder System were worth $2,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in R. FMR LLC grew its stake in Ryder System by 56.2% during the third quarter. FMR LLC now owns 781,519 shares of the transportation company's stock valued at $113,945,000 after acquiring an additional 281,052 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Ryder System by 0.8% in the third quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company's stock worth $105,397,000 after buying an additional 5,860 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Ryder System by 212.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company's stock valued at $62,055,000 after buying an additional 289,388 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Ryder System by 0.5% in the 3rd 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. raised its holdings in shares of Ryder System by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 145,353 shares of the transportation company's stock worth $21,192,000 after acquiring an additional 10,446 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.
Ryder System Stock Performance
Shares of R traded up $0.31 during trading hours on Wednesday, hitting $161.01. The stock had a trading volume of 88,885 shares, compared to its average volume of 361,029. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 14.53 and a beta of 1.30. 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 firm has a 50-day moving average price of $160.42 and a 200 day moving average price of $153.66. Ryder System, Inc. has a fifty-two week low of $106.88 and a fifty-two week 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 EPS 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%. As a group, research analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current year.
Ryder System Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.24 annualized dividend and a yield of 2.01%. Ryder System's dividend payout ratio (DPR) is presently 29.22%.
Analyst Ratings Changes
R has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Ryder System from $176.00 to $174.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, The Goldman Sachs Group raised their target price on shares of Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Ryder System presently has an average rating of "Moderate Buy" and a consensus target price of $157.00.
Check Out Our Latest Analysis on R
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.
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