California Public Employees Retirement System Sells 10,698 Shares of Ryder System, Inc. (NYSE:R)

California Public Employees Retirement System trimmed its position in Ryder System, Inc. (NYSE:R - Free Report) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 91,571 shares of the transportation company's stock after selling 10,698 shares during the period. California Public Employees Retirement System owned about 0.21% of Ryder System worth $10,536,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC lifted its position in shares of 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. Quent Capital LLC raised its stake in Ryder System by 17.7% during the 4th quarter. Quent Capital LLC now owns 745 shares of the transportation company's stock valued at $86,000 after purchasing an additional 112 shares during the period. Arizona State Retirement System raised its stake in Ryder System by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 13,237 shares of the transportation company's stock valued at $1,416,000 after purchasing an additional 184 shares during the period. Contravisory Investment Management Inc. bought a new stake in Ryder System during the 4th quarter valued at approximately $26,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Ryder System by 5.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 4,260 shares of the transportation company's stock valued at $490,000 after purchasing an additional 231 shares during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ryder System

In related news, CMO Karen M. Jones sold 7,737 shares of the company's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the sale, the chief marketing officer now owns 12,396 shares in the company, valued at approximately $1,406,698.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total transaction of $877,994.76. Following the sale, the chief marketing officer now owns 12,396 shares in the company, valued at approximately $1,406,698.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas M. Havens sold 8,000 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $119.40, for a total value of $955,200.00. Following the sale, the insider now owns 24,401 shares in the company, valued at approximately $2,913,479.40. The disclosure for this sale can be found here. In the last three months, insiders sold 19,408 shares of company stock valued at $2,270,631. Corporate insiders own 5.10% of the company's stock.

Ryder System Stock Up 1.9 %

Ryder System stock traded up $2.31 during midday trading on Thursday, reaching $124.71. The company's stock had a trading volume of 194,581 shares, compared to its average volume of 267,109. Ryder System, Inc. has a 52-week low of $77.60 and a 52-week high of $126.04. The stock has a market capitalization of $5.47 billion, a P/E ratio of 15.94 and a beta of 1.38. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.82 and a quick ratio of 0.82. The stock's 50-day simple moving average is $115.85 and its 200-day simple moving average is $111.34.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.71 by $0.43. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period last year, the company earned $2.81 earnings per share. Ryder System's quarterly revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts expect that Ryder System, Inc. will post 11.98 EPS for the current year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Friday, February 16th. Ryder System's dividend payout ratio (DPR) is 36.98%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on R. StockNews.com raised Ryder System from a "hold" rating to a "buy" rating in a research note on Wednesday, April 24th. Stephens lifted their price objective on Ryder System from $113.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 24th. Robert W. Baird reaffirmed a "buy" rating and issued a $140.00 price objective on shares of Ryder System in a research note on Wednesday, January 3rd. The Goldman Sachs Group lifted their price objective on Ryder System from $122.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company lifted their price objective on Ryder System from $100.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 15th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $126.83.

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.