Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Holdings in Ryder System, Inc. (NYSE:R)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of Ryder System, Inc. (NYSE:R) by 2.1% in the 4th quarter, Holdings Channel reports. The firm owned 9,340 shares of the transportation company’s stock after selling 201 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Ryder System were worth $1,465,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of R. Wealthfront Advisers LLC acquired a new position in shares of Ryder System during the fourth quarter valued at approximately $314,075,000. FMR LLC raised its stake in 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 purchasing an additional 281,052 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Ryder System by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company’s stock valued at $105,397,000 after purchasing an additional 5,860 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Ryder System by 12.6% during the 4th quarter. Bank of New York Mellon Corp now owns 500,274 shares of the transportation company’s stock worth $78,473,000 after purchasing an additional 55,938 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Ryder System by 212.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company’s stock worth $62,055,000 after buying an additional 289,388 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Stock Performance

NYSE:R opened at $144.98 on Wednesday. The company’s 50-day moving average is $156.84 and its two-hundred day moving average is $155.04. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 13.07 and a beta of 1.23. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. Ryder System, Inc. has a 1-year low of $106.88 and a 1-year high of $171.78.

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, topping the consensus estimate of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. Analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, February 18th were issued a $0.81 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.24 annualized dividend and a yield of 2.23%. Ryder System’s dividend payout ratio (DPR) is currently 29.22%.

Wall Street Analysts Forecast Growth

R has been the topic of a number of recent research reports. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their target price 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 price target on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.