Vanguard Group Inc. Sells 24,078 Shares of Ryder System, Inc. (NYSE:R)

Vanguard Group Inc. lowered its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,037,455 shares of the transportation company's stock after selling 24,078 shares during the quarter. Vanguard Group Inc. owned approximately 11.91% of Ryder System worth $790,175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC lifted its holdings in Ryder System by 376.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company's stock valued at $1,405,000 after buying an additional 7,715 shares during the period. James Investment Research Inc. boosted its position in shares of Ryder System by 32.0% in the 4th quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company's stock worth $1,941,000 after purchasing an additional 2,999 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Ryder System by 14.3% during the third quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company's stock worth $20,724,000 after purchasing an additional 17,074 shares during the period. Assenagon Asset Management S.A. bought a new stake in Ryder System in the fourth quarter valued at about $12,242,000. Finally, Barclays PLC lifted its stake in Ryder System by 13.1% in the third quarter. Barclays PLC now owns 28,780 shares of the transportation company's stock valued at $4,196,000 after buying an additional 3,344 shares during the period. Institutional investors own 87.47% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com lowered Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. The Goldman Sachs Group boosted their price objective on shares of Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Ryder System from $176.00 to $174.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $157.00.

Ryder System Stock Down 8.4 %

Shares of R traded down $12.75 on Thursday, hitting $138.91. The company's stock had a trading volume of 729,678 shares, compared to its average volume of 297,165. 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 fifty-two week low of $106.88 and a fifty-two week high of $171.78. The firm's fifty day moving average price is $153.93 and its 200-day moving average price is $155.23. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 12.53 and a beta of 1.10.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, topping analysts' consensus estimates of $3.39 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. On average, equities research analysts expect that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were given a dividend of $0.81 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.33%. Ryder System's dividend payout ratio is currently 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.