Vestcor Inc Reduces Stock Position in Ryder System, Inc. (NYSE:R)

Vestcor Inc cut its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 37.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,161 shares of the transportation company's stock after selling 1,876 shares during the period. Vestcor Inc's holdings in Ryder System were worth $496,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC lifted its stake in Ryder System by 0.9% in the fourth quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company's stock valued at $1,282,000 after purchasing an additional 68 shares during the last quarter. Savant Capital LLC lifted its stake in Ryder System by 3.6% in the fourth quarter. Savant Capital LLC now owns 2,438 shares of the transportation company's stock valued at $382,000 after purchasing an additional 84 shares during the last quarter. Principal Securities Inc. lifted its stake in Ryder System by 36.5% in the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after purchasing an additional 92 shares during the last quarter. MML Investors Services LLC lifted its stake in Ryder System by 4.7% in the third quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company's stock valued at $303,000 after purchasing an additional 94 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Ryder System by 36.6% during the fourth quarter. UMB Bank n.a. now owns 362 shares of the transportation company's stock worth $57,000 after acquiring an additional 97 shares in the last quarter. 87.47% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several research firms have issued reports on R. The Goldman Sachs Group increased their target price on Ryder System from $160.00 to $183.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. StockNews.com upgraded Ryder System from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price on Ryder System from $176.00 to $174.00 and set a "neutral" rating on the stock in a research 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 company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $157.00.

Ryder System Price Performance

R traded up $0.56 during trading on Thursday, reaching $140.36. The stock had a trading volume of 365,933 shares, compared to its average volume of 278,775. The stock has a market cap of $5.86 billion, a PE ratio of 12.66 and a beta of 1.23. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. Ryder System, Inc. has a one year low of $106.88 and a one year high of $171.78. The business has a 50-day moving average of $157.97 and a 200-day moving average of $154.79.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (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, equities research analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.81 per share. The ex-dividend date is Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.31%. Ryder System's dividend payout ratio (DPR) is currently 29.22%.

Ryder System 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.