Ryder System, Inc. (NYSE:R) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 17.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,569,733 shares of the transportation company's stock after selling 551,960 shares during the quarter. Wellington Management Group LLP owned 6.16% of Ryder System worth $403,088,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of R. Cambridge Financial Group Inc. acquired a new position in Ryder System during the fourth quarter worth about $9,696,000. denkapparat Operations GmbH acquired a new stake in shares of Ryder System in the 4th quarter worth approximately $231,000. Pictet Asset Management Holding SA increased its stake in Ryder System by 7.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,870 shares of the transportation company's stock valued at $921,000 after purchasing an additional 422 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in Ryder System during the fourth quarter worth $86,000. Finally, Norges Bank purchased a new stake in Ryder System during the fourth quarter worth $97,844,000. Institutional investors and hedge funds own 87.47% of the company's stock.

Ryder System Trading Down 3.4 %

NYSE:R traded down $4.78 on Friday, reaching $133.81. The stock had a trading volume of 676,773 shares, compared to its average volume of 299,924. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 12.07 and a beta of 1.10. Ryder System, Inc. has a 12-month low of $106.88 and a 12-month high of $171.78. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The firm's fifty day moving average is $153.33 and its two-hundred day moving average is $155.28.

Remove Ads

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

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors 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 yield of 2.42%. Ryder System's dividend payout ratio (DPR) is presently 29.22%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on R shares. StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. cut 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 report on Thursday, February 13th. Finally, The Goldman Sachs Group increased their price target 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $157.00.

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.