Ryder System, Inc. (NYSE:R) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in shares of Ryder System, Inc. (NYSE:R) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,340 shares of the transportation company’s stock after selling 201 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Ryder System were worth $1,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Keystone Financial Group Inc. acquired a new position in shares of Ryder System during the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Ryder System in the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ryder System during the third quarter worth $34,000. R Squared Ltd purchased a new stake in shares of Ryder System during the fourth quarter valued at $45,000. Finally, Principal Securities Inc. increased its position in shares of Ryder System by 36.5% in the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 92 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

R has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price target on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their price target 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. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Ryder System presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Ryder System Stock Down 0.1 %

Ryder System stock opened at $144.98 on Wednesday. Ryder System, Inc. has a 52 week low of $106.88 and a 52 week high of $171.78. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 13.07 and a beta of 1.23. The business’s 50-day moving average price is $156.84 and its 200 day moving average price is $155.04. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14.

Ryder System (NYSE:R) last posted its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Tuesday, February 18th. Ryder System’s dividend payout ratio (DPR) is presently 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.