Swiss National Bank Sells 400 Shares of Ryder System, Inc. (NYSE:R)

Swiss National Bank reduced its holdings in Ryder System, Inc. (NYSE:R) by 0.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 85,138 shares of the transportation company’s stock after selling 400 shares during the quarter. Swiss National Bank’s holdings in Ryder System were worth $13,355,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Keystone Financial Group Inc. bought a new stake in shares of Ryder System during the 4th quarter worth $26,000. SBI Securities Co. Ltd. purchased a new stake in Ryder System during the fourth quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new stake in Ryder System during the third quarter worth about $34,000. R Squared Ltd purchased a new position in shares of Ryder System in the 4th quarter worth about $45,000. Finally, Principal Securities Inc. increased its position in shares of Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on R shares. StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered their price objective on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Finally, The Goldman Sachs Group increased their target price on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Ryder System Stock Up 0.3 %

Shares of Ryder System stock opened at $139.89 on Thursday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. Ryder System, Inc. has a 52-week low of $106.88 and a 52-week high of $171.78. The company’s 50 day moving average price is $157.97 and its 200-day moving average price is $154.79. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 12.61 and a beta of 1.23.

Ryder System (NYSE:R) last announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.39 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. Equities research analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The firm 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 dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Tuesday, February 18th. Ryder System’s payout ratio is 29.22%.

About Ryder System

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.