Nuveen Asset Management LLC Has $18.84 Million Stake in Ryder System, Inc. (NYSE:R)

Nuveen Asset Management LLC reduced its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 23.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,119 shares of the transportation company's stock after selling 37,345 shares during the quarter. Nuveen Asset Management LLC owned 0.28% of Ryder System worth $18,842,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Deutsche Bank AG boosted its position in shares of Ryder System by 1.6% during the fourth quarter. Deutsche Bank AG now owns 4,136 shares of the transportation company's stock worth $649,000 after buying an additional 65 shares during the period. Sanctuary Advisors LLC boosted its position in Ryder System by 0.9% during the fourth quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company's stock valued at $1,282,000 after purchasing an additional 68 shares during the last quarter. Savant Capital LLC boosted its position in Ryder System by 3.6% during the fourth quarter. Savant Capital LLC now owns 2,438 shares of the transportation company's stock valued at $382,000 after purchasing an additional 84 shares during the last quarter. Baird Financial Group Inc. boosted its position in Ryder System by 0.9% during the fourth quarter. Baird Financial Group Inc. now owns 9,826 shares of the transportation company's stock valued at $1,541,000 after purchasing an additional 90 shares during the last quarter. Finally, Principal Securities Inc. boosted its position in Ryder System by 36.5% during 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 during the last quarter. 87.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

R has been the subject of a number of recent analyst reports. Wall Street Zen cut Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. JPMorgan Chase & Co. cut their price objective on Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, Stephens cut their price objective on Ryder System from $168.00 to $150.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $160.50.

Insiders Place Their Bets

In other Ryder System news, Director E Follin Smith sold 1,243 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $144.38, for a total value of $179,464.34. Following the sale, the director now owns 39,802 shares of the company's stock, valued at approximately $5,746,612.76. This trade represents a 3.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert E. Sanchez sold 18,496 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 40,824 shares in the company, valued at approximately $6,357,521.52. This represents a 31.18% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

Ryder System Price Performance

Ryder System stock traded up $0.29 during mid-day trading on Thursday, reaching $150.43. 28,286 shares of the company were exchanged, compared to its average volume of 383,798. The company has a fifty day simple moving average of $143.88 and a 200-day simple moving average of $154.15. Ryder System, Inc. has a 12 month low of $116.58 and a 12 month high of $171.78. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market cap of $6.22 billion, a PE ratio of 13.58 and a beta of 0.94.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, topping analysts' consensus estimates of $2.40 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter last year, the company earned $2.14 EPS. The company's revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.24 dividend on an annualized basis and a yield of 2.15%. Ryder System's dividend payout ratio (DPR) is presently 28.25%.

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.