Kendall Capital Management Sells 700 Shares of Ryder System, Inc. (NYSE:R)

Kendall Capital Management trimmed its stake in Ryder System, Inc. (NYSE:R) by 4.0% during the 4th quarter, HoldingsChannel reports. The fund owned 16,970 shares of the transportation company’s stock after selling 700 shares during the quarter. Kendall Capital Management’s holdings in Ryder System were worth $2,662,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Keystone Financial Group Inc. bought a new position in shares of Ryder System during the fourth quarter valued at $26,000. SBI Securities Co. Ltd. bought a new position in shares of Ryder System during the fourth quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Ryder System during the third quarter valued at $34,000. R Squared Ltd bought a new position in shares of Ryder System during the fourth quarter valued at $45,000. Finally, Principal Securities Inc. lifted its holdings in shares of Ryder System by 36.5% during the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 92 shares in the last quarter. 87.47% of the stock is owned by institutional investors.

Ryder System Stock Down 2.5 %

R stock opened at $150.92 on Friday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The business’s 50-day moving average is $160.39 and its two-hundred day moving average is $154.72. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 13.61 and a beta of 1.23. Ryder System, Inc. has a fifty-two week low of $106.88 and a fifty-two week high of $171.78.

Ryder System (NYSE:R) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. As a group, 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, March 21st. Shareholders of record on Tuesday, February 18th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, February 18th. Ryder System’s payout ratio is 29.22%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on R. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price target on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Finally, The Goldman Sachs Group increased their target price on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.