Ryder System, Inc. (NYSE:R) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its stake in Ryder System, Inc. (NYSE:R) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,823 shares of the transportation company’s stock after selling 205 shares during the period. State of Alaska Department of Revenue’s holdings in Ryder System were worth $756,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of R. MML Investors Services LLC raised 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 valued at $303,000 after buying an additional 94 shares during the period. UMB Bank n.a. grew its position in Ryder System by 36.6% in the fourth quarter. UMB Bank n.a. now owns 362 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 97 shares in the last quarter. Buckley Wealth Management LLC raised its stake in shares of Ryder System by 1.1% during the third quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company’s stock valued at $1,408,000 after purchasing an additional 105 shares during the period. DGS Capital Management LLC lifted its position in shares of Ryder System by 7.9% during the fourth quarter. DGS Capital Management LLC now owns 1,538 shares of the transportation company’s stock worth $241,000 after purchasing an additional 113 shares in the last quarter. Finally, Atria Investments Inc grew its holdings in Ryder System by 3.5% during the 3rd quarter. Atria Investments Inc now owns 3,759 shares of the transportation company’s stock valued at $548,000 after purchasing an additional 126 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on R. The Goldman Sachs Group upped their price objective 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. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. dropped their price objective on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Thursday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ryder System currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.71.

Ryder System Trading Up 3.3 %

NYSE:R opened at $166.37 on Friday. The company has a market cap of $7.04 billion, a PE ratio of 15.56 and a beta of 1.29. The business’s 50 day moving average is $160.29 and its two-hundred day moving average is $151.89. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. Ryder System, Inc. has a 52 week low of $106.62 and a 52 week high of $171.78.

Ryder System (NYSE:R) last announced its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.39 by $0.06. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. On average, analysts predict that Ryder System, Inc. will post 12 EPS for the current year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Tuesday, February 18th. Ryder System’s dividend payout ratio is presently 30.31%.

About Ryder System

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.