First Trust Advisors LP Sells 17,863 Shares of Ryder System, Inc. (NYSE:R)

First Trust Advisors LP trimmed its stake in Ryder System, Inc. (NYSE:R - Free Report) by 9.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,655 shares of the transportation company's stock after selling 17,863 shares during the period. First Trust Advisors LP owned 0.41% of Ryder System worth $27,083,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wealthfront Advisers LLC purchased a new stake in shares of Ryder System in the fourth quarter worth $314,075,000. Norges Bank purchased a new position in shares of Ryder System in the fourth quarter valued at about $97,844,000. Pacific Heights Asset Management LLC boosted its stake in shares of Ryder System by 125.0% in the fourth quarter. Pacific Heights Asset Management LLC now owns 180,000 shares of the transportation company's stock worth $28,235,000 after acquiring an additional 100,000 shares during the period. Invesco Ltd. grew its position in shares of Ryder System by 22.2% during the fourth quarter. Invesco Ltd. now owns 456,968 shares of the transportation company's stock worth $71,680,000 after purchasing an additional 82,893 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Ryder System during the 4th quarter valued at approximately $12,242,000. 87.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

R has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on 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 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. Finally, StockNews.com downgraded shares of Ryder System from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $160.50.

Ryder System Price Performance

R traded up $1.34 during trading hours on Thursday, hitting $139.01. The company's stock had a trading volume of 121,425 shares, compared to its average volume of 307,801. Ryder System, Inc. has a 12 month low of $116.58 and a 12 month 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 business's 50-day moving average price is $143.69 and its 200-day moving average price is $153.99. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 12.56 and a beta of 1.10.

Ryder System (NYSE:R - Get Free Report) last announced 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. The firm had revenue of $3.13 billion for the quarter, compared to analysts' expectations of $3.17 billion. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The business's revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.14 EPS. Sell-side 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 announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Tuesday, February 18th. Ryder System's dividend payout ratio is currently 28.25%.

Ryder System 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.