Independent Advisor Alliance Sells 433 Shares of Ryder System, Inc. (NYSE:R)

Independent Advisor Alliance cut its holdings in shares of Ryder System, Inc. (NYSE:R) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,521 shares of the transportation company’s stock after selling 433 shares during the quarter. Independent Advisor Alliance’s holdings in Ryder System were worth $1,337,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Ryder System by 18.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,233 shares of the transportation company’s stock valued at $1,762,000 after buying an additional 1,715 shares during the last quarter. Pacific Heights Asset Management LLC raised its position in Ryder System by 125.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 180,000 shares of the transportation company’s stock worth $28,235,000 after acquiring an additional 100,000 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Ryder System during the fourth quarter worth $3,759,000. Callan Family Office LLC acquired a new stake in Ryder System in the fourth quarter valued at $334,000. Finally, Inceptionr LLC bought a new position in shares of Ryder System in the 4th quarter valued at about $722,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on R. 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 report on Thursday, December 12th. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. cut their price objective on Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $157.00.

Ryder System Trading Up 3.1 %

Shares of R stock opened at $140.65 on Friday. Ryder System, Inc. has a 12-month low of $106.88 and a 12-month high of $171.78. The company has a market capitalization of $5.92 billion, a PE ratio of 12.68 and a beta of 1.23. The firm has a 50 day moving average price of $159.00 and a two-hundred day moving average price of $154.73. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14.

Ryder System (NYSE:R) last released its quarterly earnings results 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%. As a group, analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.30%. Ryder System’s dividend payout ratio (DPR) is presently 29.22%.

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.