Vestcor Inc Sells 1,876 Shares of Ryder System, Inc. (NYSE:R)

Vestcor Inc decreased its holdings in Ryder System, Inc. (NYSE:R) by 37.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,161 shares of the transportation company’s stock after selling 1,876 shares during the quarter. Vestcor Inc’s holdings in Ryder System were worth $496,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of R. Wealthfront Advisers LLC bought a new stake in shares of Ryder System during the fourth quarter worth $314,075,000. FMR LLC grew its stake in shares of 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 period. Geode Capital Management LLC grew its stake in shares of Ryder System by 0.8% during the third quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company’s stock worth $105,397,000 after purchasing an additional 5,860 shares during the period. Bank of New York Mellon Corp grew its stake in shares of 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 period. Finally, Jacobs Levy Equity Management Inc. grew its stake 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 purchasing an additional 289,388 shares during the period. Institutional investors own 87.47% of the company’s stock.

Analyst Ratings Changes

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

Ryder System Stock Up 3.1 %

NYSE:R opened at $140.65 on Monday. Ryder System, Inc. has a 1 year low of $106.88 and a 1 year 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 stock has a market cap of $5.92 billion, a price-to-earnings ratio of 12.68 and a beta of 1.23. The stock has a 50-day moving average price of $159.00 and a two-hundred day moving average price of $154.93.

Ryder System (NYSE:R) last issued 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 return on equity of 17.23% and a net margin of 3.87%. As a group, equities analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be issued 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 2.30%. Ryder System’s dividend payout ratio (DPR) is 29.22%.

Ryder System 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.