Stratos Wealth Partners LTD. Sells 69 Shares of Ryder System, Inc. (NYSE:R)

Stratos Wealth Partners LTD. decreased its stake in shares of Ryder System, Inc. (NYSE:R) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,634 shares of the transportation company’s stock after selling 69 shares during the period. Stratos Wealth Partners LTD.’s holdings in Ryder System were worth $256,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in R. Creative Planning increased its position in shares of Ryder System by 5.5% during the third quarter. Creative Planning now owns 25,220 shares of the transportation company’s stock valued at $3,677,000 after purchasing an additional 1,308 shares during the period. Wolff Wiese Magana LLC bought a new position in shares of Ryder System during the 3rd quarter worth approximately $28,000. B.O.S.S. Retirement Advisors LLC acquired a new stake in Ryder System in the 3rd quarter valued at $322,000. nVerses Capital LLC acquired a new stake in shares of Ryder System in the 3rd quarter valued at $321,000. Finally, Blue Trust Inc. boosted its holdings in shares of Ryder System by 13.0% in the 3rd quarter. Blue Trust Inc. now owns 5,075 shares of the transportation company’s stock worth $740,000 after acquiring an additional 584 shares in the last quarter. 87.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

R has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price target on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a report on Thursday. The Goldman Sachs Group upped their target price 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 research report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $151.71.

Ryder System Price Performance

NYSE:R opened at $161.13 on Friday. The stock has a market capitalization of $6.81 billion, a PE ratio of 15.07 and a beta of 1.29. Ryder System, Inc. has a 1-year low of $106.62 and a 1-year high of $171.78. The firm has a fifty day simple moving average of $160.24 and a 200 day simple moving average of $151.67. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17.

Ryder System (NYSE:R) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 earnings per share for the quarter, beating the consensus estimate 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, research analysts expect that Ryder System, Inc. will post 12 EPS for the current fiscal year.

Ryder System Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.01%. Ryder System’s payout ratio is presently 30.31%.

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.