Arizona State Retirement System Decreases Stake in Ryder System, Inc. (NYSE:R)

Arizona State Retirement System reduced its stake in Ryder System, Inc. (NYSE:R) by 3.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,728 shares of the transportation company’s stock after selling 509 shares during the quarter. Arizona State Retirement System’s holdings in Ryder System were worth $1,464,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of Ryder System in the 3rd quarter valued at $26,000. Contravisory Investment Management Inc. acquired a new position in shares of Ryder System in the 4th quarter valued at $26,000. Fortis Capital Advisors LLC increased its holdings in Ryder System by 2,716.7% in the 1st quarter. Fortis Capital Advisors LLC now owns 338 shares of the transportation company’s stock worth $30,000 after acquiring an additional 326 shares in the last quarter. CWM LLC increased its holdings in Ryder System by 33.9% in the 3rd quarter. CWM LLC now owns 438 shares of the transportation company’s stock worth $47,000 after acquiring an additional 111 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Ryder System by 406.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock worth $54,000 after acquiring an additional 406 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Ryder System from $117.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $122.00 target price on shares of Ryder System in a report on Thursday, February 15th. Robert W. Baird reaffirmed a “buy” rating and set a $140.00 target price on shares of Ryder System in a report on Wednesday, January 3rd. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Vertical Research lowered shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a report on Wednesday, January 10th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ryder System currently has a consensus rating of “Hold” and a consensus target price of $120.00.

Insider Transactions at Ryder System

In other news, CMO Karen M. Jones sold 7,737 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total transaction of $877,994.76. Following the sale, the chief marketing officer now owns 12,396 shares of the company’s stock, valued at $1,406,698.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.10% of the company’s stock.

Ryder System Trading Down 1.8 %

NYSE R opened at $114.83 on Friday. The firm’s 50-day moving average is $115.02 and its two-hundred day moving average is $110.13. Ryder System, Inc. has a 12 month low of $76.15 and a 12 month high of $121.58. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market capitalization of $5.08 billion, a P/E ratio of 13.15 and a beta of 1.40.

Ryder System (NYSE:R) last posted its earnings results on Wednesday, February 14th. The transportation company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $0.20. Ryder System had a net margin of 3.45% and a return on equity of 19.68%. The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the company posted $3.89 earnings per share. Ryder System’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Ryder System, Inc. will post 11.9 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.71 per share. The ex-dividend date was Friday, February 16th. This represents a $2.84 annualized dividend and a dividend yield of 2.47%. Ryder System’s dividend payout ratio is presently 32.53%.

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.