Investors Research Corp Trims Stake in Ryder System, Inc. (NYSE:R)

Investors Research Corp decreased its position in Ryder System, Inc. (NYSE:R) by 14.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,575 shares of the transportation company’s stock after selling 1,075 shares during the quarter. Investors Research Corp’s holdings in Ryder System were worth $1,031,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 in the last quarter. Pacific Heights Asset Management LLC raised its stake in shares of Ryder System by 125.0% during the 4th quarter. Pacific Heights Asset Management LLC now owns 180,000 shares of the transportation company’s stock worth $28,235,000 after buying an additional 100,000 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Ryder System during the 4th quarter worth $3,759,000. Callan Family Office LLC acquired a new position in Ryder System during the fourth quarter worth about $334,000. Finally, Inceptionr LLC acquired a new position in Ryder System during the fourth quarter worth $722,000. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Stock Down 2.5 %

Ryder System stock opened at $150.92 on Monday. 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 market cap of $6.35 billion, a price-to-earnings ratio of 13.61 and a beta of 1.23. The firm has a fifty day moving average price of $160.39 and a two-hundred day moving average price of $154.84. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75.

Ryder System (NYSE:R) last posted its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, topping 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, analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.15%. The ex-dividend date is Tuesday, February 18th. Ryder System’s payout ratio is 29.22%.

Analyst Ratings Changes

A number of research firms recently commented on R. 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 report on Thursday, December 12th. JPMorgan Chase & Co. cut their price objective on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Finally, StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Ryder System has an average rating of “Moderate Buy” and an average price target 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.