Victory Capital Management Inc. Has $48.17 Million Holdings in Ryder System, Inc. (NYSE:R)

Victory Capital Management Inc. trimmed its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 27.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 307,074 shares of the transportation company's stock after selling 113,490 shares during the period. Victory Capital Management Inc. owned 0.73% of Ryder System worth $48,168,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in R. Sanctuary Advisors LLC grew its holdings 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 period. Savant Capital LLC boosted its holdings in shares of Ryder System by 3.6% in the 4th 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. grew its stake in shares of Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after buying an additional 92 shares during the period. MML Investors Services LLC increased its holdings in shares of Ryder System by 4.7% during the 3rd quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company's stock worth $303,000 after buying an additional 94 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Ryder System by 36.6% in the 4th quarter. UMB Bank n.a. now owns 362 shares of the transportation company's stock worth $57,000 after buying an additional 97 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

R has been the topic of a number of research reports. StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. cut their price target on shares of Ryder System from $176.00 to $174.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Finally, The Goldman Sachs Group increased their price objective on shares of Ryder System from $160.00 to $183.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $157.00.

Ryder System Stock Down 1.6 %

NYSE:R traded down $2.28 on Wednesday, reaching $144.53. The stock had a trading volume of 312,052 shares, compared to its average volume of 365,088. The stock has a market cap of $6.08 billion, a P/E ratio of 13.03 and a beta of 1.23. Ryder System, Inc. has a 12-month low of $106.88 and a 12-month high of $171.78. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The company has a 50-day moving average of $160.02 and a 200 day moving average of $154.94.

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 the consensus estimate of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. On average, research analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Tuesday, February 18th. Ryder System's dividend payout ratio (DPR) 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.