Sterling Capital Management LLC Sells 5,182 Shares of Ryder System, Inc. (NYSE:R)

Sterling Capital Management LLC trimmed its stake in Ryder System, Inc. (NYSE:R - Free Report) by 67.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,470 shares of the transportation company's stock after selling 5,182 shares during the period. Sterling Capital Management LLC's holdings in Ryder System were worth $387,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Treasurer of the State of North Carolina lifted its stake in Ryder System by 1.3% during the fourth quarter. Treasurer of the State of North Carolina now owns 39,825 shares of the transportation company's stock worth $6,247,000 after purchasing an additional 516 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Ryder System by 11.8% during the 4th quarter. Bessemer Group Inc. now owns 2,478 shares of the transportation company's stock valued at $388,000 after buying an additional 262 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Ryder System in the 4th quarter worth approximately $6,868,000. Bank of Nova Scotia purchased a new stake in Ryder System in the fourth quarter worth approximately $1,172,000. Finally, Invesco Ltd. grew its position in Ryder System by 22.2% during the fourth quarter. Invesco Ltd. now owns 456,968 shares of the transportation company's stock valued at $71,680,000 after acquiring an additional 82,893 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on R shares. JPMorgan Chase & Co. dropped their target price on Ryder System from $176.00 to $174.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. StockNews.com cut shares of Ryder System from a "buy" rating to a "hold" rating in a report 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $157.00.

Ryder System Trading Down 2.0 %

Shares of R traded down $2.72 during mid-day trading on Wednesday, hitting $135.26. 561,423 shares of the company's stock traded hands, compared to its average volume of 310,529. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The firm has a market capitalization of $5.65 billion, a P/E ratio of 12.20 and a beta of 1.10. The business's 50-day moving average price is $147.23 and its 200-day moving average price is $154.45. Ryder System, Inc. has a 1 year low of $111.25 and a 1 year high of $171.78.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.40 by $0.06. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates 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 prior year, the business earned $2.14 EPS. As a group, sell-side analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were paid a $0.81 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.40%. Ryder System's dividend payout ratio is presently 29.22%.

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.