Ryder System, Inc. (NYSE:R) Shares Sold by Utah Retirement Systems

Utah Retirement Systems reduced its position in Ryder System, Inc. (NYSE:R) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,200 shares of the transportation company’s stock after selling 100 shares during the period. Utah Retirement Systems’ holdings in Ryder System were worth $345,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of R. Keystone Financial Group Inc. purchased a new position in shares of Ryder System in the fourth quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new stake in Ryder System in the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new position in Ryder System during the 3rd quarter valued at about $34,000. R Squared Ltd acquired a new position in Ryder System during the fourth quarter worth about $45,000. Finally, Principal Securities Inc. lifted its holdings in shares of Ryder System by 36.5% in the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 92 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Price Performance

Shares of NYSE:R opened at $144.82 on Friday. The business has a fifty day simple moving average of $142.95 and a 200-day simple moving average of $153.87. Ryder System, Inc. has a 52 week low of $116.58 and a 52 week high of $171.78. The company has a market cap of $5.99 billion, a P/E ratio of 13.06 and a beta of 0.94. 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 quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the company posted $2.14 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.81 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.24%. Ryder System’s dividend payout ratio is presently 28.25%.

Analyst Ratings Changes

R has been the topic of a number of recent research reports. Stephens reduced their target price on Ryder System from $168.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective on Ryder System from $174.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Finally, StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Ryder System presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.50.

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.