Ryder System, Inc. (NYSE:R) Shares Sold by Choreo LLC

Choreo LLC trimmed its stake in shares of Ryder System, Inc. (NYSE:R) by 41.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,288 shares of the transportation company’s stock after selling 898 shares during the quarter. Choreo LLC’s holdings in Ryder System were worth $201,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. MML Investors Services LLC lifted its position 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 acquiring an additional 94 shares during the last quarter. UMB Bank n.a. increased its position in Ryder System by 36.6% in the 4th 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 during the period. Buckley Wealth Management LLC raised its stake in Ryder System by 1.1% during the 3rd quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company’s stock valued at $1,408,000 after acquiring an additional 105 shares during the last quarter. DGS Capital Management LLC lifted its position in Ryder System by 7.9% during the 4th quarter. DGS Capital Management LLC now owns 1,538 shares of the transportation company’s stock worth $241,000 after acquiring an additional 113 shares during the period. Finally, Atria Investments Inc grew its stake in shares of Ryder System by 3.5% in 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 during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on R. StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. cut 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. Finally, The Goldman Sachs Group raised their target price on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Ryder System Trading Up 3.3 %

Ryder System stock opened at $166.37 on Friday. Ryder System, Inc. has a 1 year low of $106.62 and a 1 year high of $171.78. The firm’s 50-day moving average is $160.29 and its 200-day moving average is $151.98. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $7.00 billion, a P/E ratio of 15.56 and a beta of 1.29.

Ryder System (NYSE:R) last issued 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, equities analysts expect that Ryder System, Inc. will post 12 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.95%. 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.