ProShare Advisors LLC Has $37.86 Million Stake in Ryder System, Inc. (NYSE:R)

ProShare Advisors LLC lowered its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,386 shares of the transportation company's stock after selling 5,244 shares during the quarter. ProShare Advisors LLC owned approximately 0.57% of Ryder System worth $37,864,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in R. Wealthfront Advisers LLC bought a new stake in Ryder System during the fourth quarter valued at $314,075,000. Earnest Partners LLC grew its position in shares of Ryder System by 2.4% during the 4th quarter. Earnest Partners LLC now owns 1,905,223 shares of the transportation company's stock valued at $298,853,000 after buying an additional 45,393 shares during the last quarter. Sei Investments Co. raised its stake in Ryder System by 1.6% during the fourth quarter. Sei Investments Co. now owns 856,507 shares of the transportation company's stock worth $134,351,000 after acquiring an additional 13,529 shares during the period. American Century Companies Inc. lifted its holdings in Ryder System by 0.3% in the fourth quarter. American Century Companies Inc. now owns 843,895 shares of the transportation company's stock worth $132,373,000 after acquiring an additional 2,121 shares during the last quarter. Finally, FMR LLC lifted its holdings in Ryder System by 3.1% in the fourth quarter. FMR LLC now owns 805,571 shares of the transportation company's stock worth $126,362,000 after acquiring an additional 24,052 shares during the last quarter. Institutional investors own 87.47% of the company's stock.

Ryder System Stock Performance

R stock traded down $1.41 during trading on Tuesday, reaching $154.87. 272,607 shares of the company's stock were exchanged, compared to its average volume of 317,235. Ryder System, Inc. has a 1-year low of $116.58 and a 1-year high of $171.78. The firm has a market cap of $6.40 billion, a PE ratio of 13.96 and a beta of 0.94. The company's fifty day moving average price is $142.34 and its 200-day moving average price is $154.39. 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 released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, topping analysts' consensus estimates of $2.40 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the previous year, the firm earned $2.14 EPS. Ryder System's revenue was up 1.1% on a year-over-year basis. On average, research analysts expect that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 19th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Monday, May 19th. Ryder System's dividend payout ratio (DPR) is currently 28.25%.

Insider Activity at Ryder System

In related news, Director E Follin Smith sold 1,243 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $144.38, for a total transaction of $179,464.34. Following the transaction, the director now directly owns 39,802 shares of the company's stock, valued at approximately $5,746,612.76. The trade was a 3.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on R. StockNews.com cut Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Stephens dropped their target price on Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $160.50.

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.