Ryder System, Inc. (NYSE:R) Holdings Decreased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its position in Ryder System, Inc. (NYSE:R - Free Report) by 31.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,645 shares of the transportation company's stock after selling 11,758 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.06% of Ryder System worth $4,023,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Sanctuary Advisors LLC increased its holdings in shares of Ryder System by 0.9% in the 4th quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company's stock valued at $1,282,000 after acquiring an additional 68 shares during the last quarter. Savant Capital LLC raised its holdings in shares of Ryder System by 3.6% during the fourth quarter. Savant Capital LLC now owns 2,438 shares of the transportation company's stock worth $382,000 after purchasing an additional 84 shares during the period. Principal Securities Inc. lifted its position in shares of Ryder System by 36.5% in the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock worth $54,000 after buying an additional 92 shares during the last quarter. UMB Bank n.a. grew its position in shares of Ryder System by 36.6% during the 4th quarter. UMB Bank n.a. now owns 362 shares of the transportation company's stock valued at $57,000 after buying an additional 97 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in Ryder System by 1.3% in the fourth quarter. Handelsbanken Fonder AB now owns 7,726 shares of the transportation company's stock valued at $1,212,000 after acquiring an additional 100 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Price Performance

Ryder System stock traded up $5.16 during trading hours on Thursday, hitting $146.41. 364,347 shares of the company traded hands, compared to its average volume of 311,919. The firm's 50-day simple moving average is $141.78 and its two-hundred day simple moving average is $153.69. The firm has a market cap of $6.05 billion, a P/E ratio of 13.20 and a beta of 0.94. Ryder System, Inc. has a 1-year low of $116.58 and a 1-year high of $171.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14.

Ryder System (NYSE:R - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, topping 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 return on equity of 17.23% and a net margin of 3.87%. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.14 earnings per share. As a group, analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 19th will be given a dividend of $0.81 per share. The ex-dividend date is Monday, May 19th. This represents a $3.24 annualized dividend and a dividend yield of 2.21%. Ryder System's dividend payout ratio (DPR) is 28.25%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Ryder System news, Director E Follin Smith sold 1,243 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $144.38, for a total value of $179,464.34. Following the completion of the transaction, the director now directly owns 39,802 shares in the company, valued at $5,746,612.76. This trade represents a 3.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 5.20% of the company's stock.

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.