Voya Investment Management LLC Trims Stake in Ryder System, Inc. (NYSE:R)

Voya Investment Management LLC lessened its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,825 shares of the transportation company's stock after selling 31,778 shares during the quarter. Voya Investment Management LLC owned about 0.08% of Ryder System worth $4,992,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Wealthfront Advisers LLC purchased a new position in Ryder System during the fourth quarter valued at approximately $314,075,000. Norges Bank purchased a new position in shares of Ryder System during the 4th quarter valued at approximately $97,844,000. Pacific Heights Asset Management LLC lifted its stake in shares of Ryder System by 125.0% in the 4th quarter. Pacific Heights Asset Management LLC now owns 180,000 shares of the transportation company's stock valued at $28,235,000 after purchasing an additional 100,000 shares during the period. Invesco Ltd. boosted its holdings in Ryder System by 22.2% during the fourth quarter. Invesco Ltd. now owns 456,968 shares of the transportation company's stock worth $71,680,000 after buying an additional 82,893 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Ryder System during the fourth quarter worth $12,242,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Price Performance

R traded up $5.92 on Friday, hitting $144.82. 288,039 shares of the company's stock were exchanged, compared to its average volume of 310,488. The firm has a 50-day moving average price of $142.95 and a 200-day moving average price of $153.87. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 13.06 and a beta of 1.10. 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, Inc. has a fifty-two week low of $116.58 and a fifty-two week high of $171.78.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.06. The company had revenue of $3.13 billion during the quarter, compared to analysts' expectations of $3.17 billion. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. Ryder System's revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.14 EPS. As a group, equities analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.24%. Ryder System's payout ratio is 28.25%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on R shares. StockNews.com lowered Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Stephens dropped their price target on shares of Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average 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.