Phocas Financial Corp. Sells 27,316 Shares of Ryder System, Inc. (NYSE:R)

Phocas Financial Corp. lessened its position in Ryder System, Inc. (NYSE:R) by 79.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,071 shares of the transportation company’s stock after selling 27,316 shares during the period. Phocas Financial Corp.’s holdings in Ryder System were worth $1,109,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of R. Keystone Financial Group Inc. acquired a new stake in shares of Ryder System in the 4th quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Ryder System in the third quarter valued at approximately $34,000. R Squared Ltd purchased a new position in shares of Ryder System during the fourth quarter valued at approximately $45,000. Principal Securities Inc. grew its holdings in Ryder System by 36.5% during the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock worth $54,000 after buying an additional 92 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Ryder System by 36.6% during the fourth quarter. UMB Bank n.a. now owns 362 shares of the transportation company’s stock worth $57,000 after buying an additional 97 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Ryder System Stock Performance

NYSE R opened at $160.66 on Wednesday. The company has a market capitalization of $6.76 billion, a PE ratio of 14.49 and a beta of 1.30. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. Ryder System, Inc. has a 52-week low of $106.88 and a 52-week high of $171.78. The company has a 50-day simple moving average of $160.42 and a 200 day simple moving average of $153.66.

Ryder System (NYSE:R) last posted its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, topping 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%. On average, research analysts predict that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.02%. The ex-dividend date is Tuesday, February 18th. Ryder System’s dividend payout ratio (DPR) is currently 29.22%.

Wall Street Analyst Weigh In

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