FineMark National Bank & Trust Has $220,000 Stock Holdings in Ryder System, Inc. (NYSE:R)

FineMark National Bank & Trust lowered its stake in Ryder System, Inc. (NYSE:R) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,400 shares of the transportation company’s stock after selling 100 shares during the period. FineMark National Bank & Trust’s holdings in Ryder System were worth $220,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in R. Wealthfront Advisers LLC acquired a new position in Ryder System in the fourth quarter valued at about $314,075,000. Jacobs Levy Equity Management Inc. increased its stake in shares of Ryder System by 212.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company’s stock valued at $62,055,000 after acquiring an additional 289,388 shares during the last quarter. FMR LLC increased its stake in shares of Ryder System by 56.2% in the 3rd quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock valued at $113,945,000 after acquiring an additional 281,052 shares during the last quarter. Pacific Heights Asset Management LLC raised its position 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 acquiring an additional 100,000 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in Ryder System during the 4th quarter worth approximately $12,242,000. 87.47% of the stock is currently owned by institutional investors.

Ryder System Price Performance

R stock opened at $144.49 on Thursday. The stock has a market cap of $6.03 billion, a PE ratio of 13.03 and a beta of 1.23. The stock has a 50-day moving average price of $156.46 and a two-hundred day moving average price of $154.97. Ryder System, Inc. has a 1 year low of $106.88 and a 1 year 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) last announced its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, February 18th were given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Tuesday, February 18th. Ryder System’s dividend payout ratio (DPR) is currently 29.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on R shares. JPMorgan Chase & Co. lowered their target price on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. The Goldman Sachs Group upped their price objective on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $157.00.

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.