Ryder System, Inc. (NYSE:R) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. decreased its holdings in shares of Ryder System, Inc. (NYSE:R) by 5.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,197 shares of the transportation company’s stock after selling 168 shares during the period. Securian Asset Management Inc.’s holdings in Ryder System were worth $501,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Sanctuary Advisors LLC raised its position in shares of Ryder System by 0.9% in the 4th quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company’s stock worth $1,282,000 after buying an additional 68 shares during the period. Savant Capital LLC raised its position in shares of Ryder System by 3.6% in the 4th quarter. Savant Capital LLC now owns 2,438 shares of the transportation company’s stock worth $382,000 after buying an additional 84 shares during the period. Principal Securities Inc. raised its position in shares of Ryder System by 36.5% in the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock worth $54,000 after buying an additional 92 shares during the period. MML Investors Services LLC raised its position in shares of Ryder System by 4.7% in the 3rd quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company’s stock worth $303,000 after buying an additional 94 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Ryder System by 36.6% in the 4th quarter. UMB Bank n.a. now owns 362 shares of the transportation company’s stock worth $57,000 after buying an additional 97 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on R. The Goldman Sachs Group raised their price objective on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. cut their price objective on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Finally, StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Ryder System Stock Up 1.0 %

Shares of NYSE R opened at $142.01 on Tuesday. Ryder System, Inc. has a 1 year low of $106.88 and a 1 year high of $171.78. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 12.81 and a beta of 1.23. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The stock’s 50-day simple moving average is $158.70 and its 200-day simple moving average is $154.94.

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, topping 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%. As a group, equities analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The company 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 is Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.28%. Ryder System’s dividend payout ratio (DPR) is 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.