California State Teachers Retirement System Has $6.33 Million Stock Position in Ryder System, Inc. (NYSE:R)

California State Teachers Retirement System lessened its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 4.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 40,372 shares of the transportation company's stock after selling 1,981 shares during the period. California State Teachers Retirement System owned 0.10% of Ryder System worth $6,333,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of R. Wealthfront Advisers LLC bought a new stake in shares of Ryder System in the 4th quarter valued at $314,075,000. Norges Bank bought a new stake in shares of Ryder System in the 4th quarter valued at $97,844,000. Leigh Baldwin & CO. LLC bought a new stake in shares of Ryder System in the 4th quarter valued at $40,475,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Ryder System in the 4th quarter valued at $16,317,000. Finally, Pacific Heights Asset Management LLC increased its position in shares of Ryder System by 125.0% in the 4th quarter. Pacific Heights Asset Management LLC now owns 180,000 shares of the transportation company's stock valued at $28,235,000 after buying an additional 100,000 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Insider Transactions at Ryder System

In other Ryder System news, CEO Robert E. Sanchez sold 18,496 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total value of $2,880,382.08. Following the sale, the chief executive officer now owns 40,824 shares in the company, valued at $6,357,521.52. This trade represents a 31.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director E Follin Smith sold 1,243 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $144.38, for a total transaction of $179,464.34. Following the completion of the sale, the director now owns 39,802 shares in the company, valued at $5,746,612.76. This represents a 3.03% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company's stock.

Ryder System Stock Down 0.2%

Shares of Ryder System stock traded down $0.27 during trading hours on Thursday, reaching $148.34. 190,249 shares of the company's stock were exchanged, compared to its average volume of 325,516. The company has a 50 day moving average of $144.44 and a two-hundred day moving average of $153.49. Ryder System, Inc. has a fifty-two week low of $116.58 and a fifty-two week 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 $6.13 billion, a P/E ratio of 13.38 and a beta of 0.94.

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 (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period last year, the business posted $2.14 EPS. Ryder System's revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 2.18%. Ryder System's dividend payout ratio is presently 28.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on R shares. JPMorgan Chase & Co. reduced their target price on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Stephens reduced their price objective 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. Finally, Wall Street Zen downgraded shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.