BNP Paribas Financial Markets Has $8.14 Million Stake in Ryder System, Inc. (NYSE:R)

BNP Paribas Financial Markets decreased its stake in Ryder System, Inc. (NYSE:R - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,868 shares of the transportation company's stock after selling 19,272 shares during the period. BNP Paribas Financial Markets owned 0.12% of Ryder System worth $8,136,000 at the end of the most recent reporting period.

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

Insider Activity at Ryder System

In other news, Director E Follin Smith sold 1,243 shares of Ryder System stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $144.38, for a total value of $179,464.34. Following the transaction, the director now directly owns 39,802 shares in the company, valued at approximately $5,746,612.76. The trade was a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.20% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Ryder System Stock Down 1.5%

Shares of NYSE:R traded down $2.32 during trading on Thursday, reaching $157.56. 290,374 shares of the company traded hands, compared to its average volume of 316,476. Ryder System, Inc. has a 1-year low of $116.58 and a 1-year high of $171.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The firm has a market cap of $6.51 billion, a P/E ratio of 14.21 and a beta of 0.94. The firm has a fifty day simple moving average of $141.68 and a 200 day simple moving average of $154.05.

Ryder System (NYSE:R - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.06. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.17 billion. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The business's revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.14 EPS. Analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 19th will be issued a dividend of $0.81 per share. The ex-dividend date is Monday, May 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.06%. Ryder System's dividend payout ratio is currently 28.25%.

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.