Blue Trust Inc. Decreases Holdings in Ryder System, Inc. (NYSE:R)

Blue Trust Inc. lowered its stake in Ryder System, Inc. (NYSE:R) by 9.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,597 shares of the transportation company’s stock after selling 478 shares during the quarter. Blue Trust Inc.’s holdings in Ryder System were worth $721,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of R. Keystone Financial Group Inc. purchased a new stake in Ryder System in the 4th quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Ryder System during the 3rd quarter worth $34,000. R Squared Ltd purchased a new position in shares of Ryder System during the 4th quarter worth $45,000. UMB Bank n.a. lifted its stake 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 worth $57,000 after purchasing an additional 97 shares during the period. Finally, Decker Retirement Planning Inc. purchased a new position in shares of Ryder System during the 4th quarter worth $96,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Trading Up 3.3 %

Shares of R stock opened at $166.37 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. Ryder System, Inc. has a fifty-two week low of $106.62 and a fifty-two week high of $171.78. The firm’s 50 day moving average price is $160.29 and its two-hundred day moving average price is $152.06. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 15.56 and a beta of 1.29.

Ryder System (NYSE:R) last announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.39 by $0.06. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. On average, analysts anticipate that Ryder System, Inc. will post 12 EPS for the current year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Tuesday, February 18th. Ryder System’s payout ratio is 30.31%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on R. JPMorgan Chase & Co. reduced their price target on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Thursday. The Goldman Sachs Group increased their price target on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Ryder System currently has an average rating of “Moderate Buy” and an average price target of $157.00.

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.