Ryder System, Inc. (NYSE:R) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its stake in shares of Ryder System, Inc. (NYSE:R) by 6.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,312 shares of the transportation company’s stock after selling 866 shares during the period. Commonwealth Equity Services LLC’s holdings in Ryder System were worth $2,088,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Thompson Siegel & Walmsley LLC grew its holdings in shares of Ryder System by 6.9% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 31,121 shares of the transportation company’s stock valued at $4,882,000 after purchasing an additional 2,021 shares during the period. Truvestments Capital LLC grew its stake in shares of Ryder System by 3.3% in the 4th quarter. Truvestments Capital LLC now owns 26,617 shares of the transportation company’s stock valued at $4,175,000 after buying an additional 858 shares during the period. HighTower Advisors LLC increased its holdings in shares of Ryder System by 3.2% during the 4th quarter. HighTower Advisors LLC now owns 7,777 shares of the transportation company’s stock worth $1,220,000 after buying an additional 240 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Ryder System during the 4th quarter valued at approximately $314,075,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ryder System by 18.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,233 shares of the transportation company’s stock valued at $1,762,000 after acquiring an additional 1,715 shares during the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Stock Performance

Shares of R stock opened at $143.84 on Friday. 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 market cap of $6.00 billion, a P/E ratio of 12.97 and a beta of 1.23. The firm has a fifty day moving average price of $156.03 and a 200 day moving average price of $154.89.

Ryder System (NYSE:R) last announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. Sell-side analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System’s dividend payout ratio (DPR) is 29.22%.

Analysts Set New Price Targets

Several brokerages recently issued reports on R. JPMorgan Chase & Co. reduced their price objective 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. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, The Goldman Sachs Group lifted their target price on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.