Public Employees Retirement System of Ohio Has $4.10 Million Stake in Ryder System, Inc. (NYSE:R)

Public Employees Retirement System of Ohio cut its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 10.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,149 shares of the transportation company's stock after selling 3,051 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.06% of Ryder System worth $4,102,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Keystone Financial Group Inc. purchased a new stake in Ryder System in the 4th quarter worth $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Ryder System in the fourth quarter valued at $26,000. R Squared Ltd bought a new position in shares of Ryder System in the fourth quarter worth about $45,000. Principal Securities Inc. increased its stake in shares of 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 buying an additional 92 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Ryder System during the 4th quarter worth $59,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on R shares. Wall Street Zen downgraded 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 on the stock in a report on Thursday, April 24th. Finally, Stephens cut their price target 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $160.50.

Ryder System Stock Performance

Shares of R traded up $4.25 during midday trading on Tuesday, hitting $150.51. 313,848 shares of the stock traded hands, compared to its average volume of 324,878. Ryder System, Inc. has a 1-year low of $116.58 and a 1-year high of $171.78. The business's 50 day moving average price is $144.19 and its two-hundred day moving average price is $153.61. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $6.22 billion, a PE ratio of 13.57 and a beta of 0.94.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share 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 analysts' expectations of $3.17 billion. During the same quarter last year, the business posted $2.14 EPS. Ryder System's revenue was up 1.1% on a year-over-year basis. Equities research analysts predict that Ryder System, Inc. will post 13.68 EPS 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 given a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Monday, May 19th. Ryder System's payout ratio is presently 28.25%.

Insider Activity at Ryder System

In other news, Director E Follin Smith sold 1,243 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $144.38, for a total transaction of $179,464.34. Following the transaction, the director now owns 39,802 shares in the company, valued at approximately $5,746,612.76. This trade represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert E. Sanchez sold 18,496 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $155.73, for a total transaction of $2,880,382.08. Following the transaction, the chief executive officer now directly owns 40,824 shares in the company, valued at $6,357,521.52. This represents a 31.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

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.