Ryder System, Inc. (NYSE:R) Position Trimmed by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its stake in Ryder System, Inc. (NYSE:R) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,850 shares of the transportation company’s stock after selling 6,896 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.13% of Ryder System worth $8,604,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its stake in Ryder System by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 398,837 shares of the transportation company’s stock valued at $58,150,000 after buying an additional 1,946 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Ryder System in the 3rd quarter valued at approximately $219,000. FMR LLC boosted 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 worth $113,945,000 after purchasing an additional 281,052 shares during the period. Paloma Partners Management Co purchased a new position in Ryder System during the 3rd quarter worth approximately $310,000. Finally, HighTower Advisors LLC raised its stake in Ryder System by 4.7% during the 3rd quarter. HighTower Advisors LLC now owns 7,537 shares of the transportation company’s stock valued at $1,089,000 after purchasing an additional 339 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Stock Down 2.4 %

R opened at $140.53 on Friday. The company has a market capitalization of $5.87 billion, a PE ratio of 12.67 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 fifty-two week low of $106.88 and a fifty-two week high of $171.78. The business has a 50-day moving average of $155.53 and a 200-day moving average of $155.10.

Ryder System (NYSE:R) last posted its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.39 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. Equities research analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System’s payout ratio is 29.22%.

Analysts Set New Price Targets

R has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted 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. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped 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. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ryder System has an average rating of “Moderate Buy” and a consensus target price of $157.00.

About Ryder System

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.