Charles Schwab Investment Management Inc. Sells 7,994 Shares of Ryder System, Inc. (NYSE:R)

Charles Schwab Investment Management Inc. decreased its stake in shares of Ryder System, Inc. (NYSE:R) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 390,843 shares of the transportation company’s stock after selling 7,994 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.92% of Ryder System worth $61,308,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in R. Jacobs Levy Equity Management Inc. increased its position in shares of Ryder System by 212.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company’s stock worth $62,055,000 after acquiring an additional 289,388 shares in the last quarter. FMR LLC boosted its holdings in Ryder System by 56.2% during the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock worth $113,945,000 after purchasing an additional 281,052 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Ryder System during the fourth quarter worth $12,242,000. Allianz Asset Management GmbH boosted its holdings in Ryder System by 32.5% during the fourth quarter. Allianz Asset Management GmbH now owns 235,879 shares of the transportation company’s stock worth $37,000,000 after purchasing an additional 57,878 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Ryder System by 12.6% during the fourth quarter. Bank of New York Mellon Corp now owns 500,274 shares of the transportation company’s stock worth $78,473,000 after purchasing an additional 55,938 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

Ryder System Stock Performance

Shares of R stock opened at $144.53 on Thursday. The stock has a market cap of $6.08 billion, a P/E ratio of 13.03 and a beta of 1.23. 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 company has a fifty day moving average price of $159.77 and a two-hundred day moving average price of $154.86. Ryder System, Inc. has a one year low of $106.88 and a one year high of $171.78.

Ryder System (NYSE:R) last announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, beating 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%. As a group, equities analysts predict that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

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 paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Tuesday, February 18th. Ryder System’s dividend payout ratio is presently 29.22%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. The Goldman Sachs Group increased their target price on shares of Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $157.00.

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.