Ethic Inc. Reduces Stock Position in Ryder System, Inc. (NYSE:R)

Ethic Inc. trimmed its stake in Ryder System, Inc. (NYSE:R - Free Report) by 61.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,013 shares of the transportation company's stock after selling 6,501 shares during the quarter. Ethic Inc.'s holdings in Ryder System were worth $630,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Keystone Financial Group Inc. acquired a new position in shares of Ryder System during the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Ryder System during the fourth quarter valued at about $26,000. R Squared Ltd purchased a new stake in Ryder System in the 4th quarter valued at $45,000. Principal Securities Inc. raised its position in Ryder System by 36.5% in the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after buying an additional 92 shares during the last quarter. Finally, UMB Bank n.a. raised its position in Ryder System by 36.6% in 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. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Price Performance

Shares of NYSE:R traded down $1.46 during trading on Monday, reaching $156.05. The company had a trading volume of 125,691 shares, compared to its average volume of 393,639. The company has a fifty day moving average of $142.10 and a two-hundred day moving average of $154.32. The stock has a market capitalization of $6.45 billion, a P/E ratio of 14.07 and a beta of 0.94. 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.

Ryder System (NYSE:R - Get Free Report) last issued 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. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates 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 for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.14 EPS. Equities research analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 19th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, May 19th. Ryder System's payout ratio is 28.25%.

Insider Transactions at Ryder System

In related news, Director E Follin Smith sold 1,243 shares of the stock in a transaction 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 owns 39,802 shares of the company's stock, valued at approximately $5,746,612.76. This trade represents a 3.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. lowered their price target on Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Stephens cut their price target on 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 lowered shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Ryder System currently has a consensus rating of "Moderate Buy" and a consensus price target 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.