Ryder System, Inc. (NYSE:R) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC trimmed its position in Ryder System, Inc. (NYSE:R - Free Report) by 36.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,785 shares of the transportation company's stock after selling 49,058 shares during the quarter. Peregrine Capital Management LLC owned about 0.19% of Ryder System worth $9,870,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in R. Headlands Technologies LLC purchased a new stake in Ryder System in the 3rd quarter worth approximately $26,000. Contravisory Investment Management Inc. purchased a new stake in Ryder System during the 4th quarter valued at approximately $26,000. Fortis Capital Advisors LLC grew its holdings in Ryder System by 2,716.7% during the 1st quarter. Fortis Capital Advisors LLC now owns 338 shares of the transportation company's stock valued at $30,000 after buying an additional 326 shares in the last quarter. CWM LLC grew its holdings in Ryder System by 33.9% during the 3rd quarter. CWM LLC now owns 438 shares of the transportation company's stock valued at $47,000 after buying an additional 111 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Ryder System by 406.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company's stock valued at $54,000 after buying an additional 406 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ryder System

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of Ryder System stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the transaction, the chief marketing officer now owns 12,396 shares in the company, valued at $1,406,698.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on R shares. StockNews.com raised shares of Ryder System from a "hold" rating to a "buy" rating in a report on Friday. Robert W. Baird reissued a "buy" rating and issued a $140.00 target price on shares of Ryder System in a report on Wednesday, January 3rd. JPMorgan Chase & Co. raised their target price on shares of Ryder System from $117.00 to $120.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. The Goldman Sachs Group reissued a "buy" rating and issued a $122.00 target price on shares of Ryder System in a report on Thursday, February 15th. Finally, Wells Fargo & Company raised their target price on shares of Ryder System from $100.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, February 15th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $120.00.

Ryder System Trading Up 0.9 %

Shares of NYSE:R traded up $1.14 on Tuesday, hitting $121.21. 247,899 shares of the company's stock were exchanged, compared to its average volume of 256,012. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 13.88 and a beta of 1.40. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.62 and a quick ratio of 0.62. Ryder System, Inc. has a 12 month low of $76.15 and a 12 month high of $121.58. The business's 50 day simple moving average is $115.00 and its two-hundred day simple moving average is $109.92.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The transportation company reported $2.95 EPS for the quarter, beating the consensus estimate of $2.75 by $0.20. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.98 billion. Ryder System had a return on equity of 19.68% and a net margin of 3.45%. The business's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.89 earnings per share. Analysts anticipate that Ryder System, Inc. will post 11.9 EPS for the current fiscal year.

Ryder System Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th were paid a $0.71 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.84 annualized dividend and a yield of 2.34%. Ryder System's dividend payout ratio (DPR) is presently 32.53%.

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.