Keybank National Association OH Sells 545 Shares of Ryder System, Inc. (NYSE:R)

Keybank National Association OH lowered its holdings in shares of Ryder System, Inc. (NYSE:R) by 27.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,463 shares of the transportation company’s stock after selling 545 shares during the period. Keybank National Association OH’s holdings in Ryder System were worth $229,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in R. FMR LLC grew its holdings in Ryder System by 56.2% in the 3rd quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock worth $113,945,000 after acquiring an additional 281,052 shares during the last quarter. Geode Capital Management LLC grew its holdings in Ryder System by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company’s stock worth $105,397,000 after acquiring an additional 5,860 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Ryder System by 12.6% in the 4th quarter. Bank of New York Mellon Corp now owns 500,274 shares of the transportation company’s stock worth $78,473,000 after acquiring an additional 55,938 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Ryder System by 212.4% in the 3rd 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Ryder System by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 398,837 shares of the transportation company’s stock worth $58,150,000 after acquiring an additional 1,946 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

Ryder System Stock Down 0.5 %

NYSE:R opened at $146.94 on Wednesday. The firm has a market cap of $6.18 billion, a P/E ratio of 13.25 and a beta of 1.23. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. Ryder System, Inc. has a fifty-two week low of $106.88 and a fifty-two week high of $171.78. The firm has a 50-day simple moving average of $160.02 and a two-hundred day simple moving average of $154.94.

Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 earnings per share 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%. Analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be paid a $0.81 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.20%. Ryder System’s dividend payout ratio is presently 29.22%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on R shares. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. The Goldman Sachs Group raised their target price on shares of Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. dropped 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock 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.