Gallacher Capital Management LLC Decreases Stock Holdings in Ryder System, Inc. (NYSE:R)

Gallacher Capital Management LLC decreased its holdings in shares of Ryder System, Inc. (NYSE:R) by 7.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,320 shares of the transportation company’s stock after selling 361 shares during the period. Gallacher Capital Management LLC’s holdings in Ryder System were worth $678,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of R. Atria Investments Inc raised its position in Ryder System by 3.5% during the third quarter. Atria Investments Inc now owns 3,759 shares of the transportation company’s stock valued at $548,000 after purchasing an additional 126 shares during the period. Sigma Planning Corp purchased a new stake in shares of Ryder System in the third quarter valued at $208,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Ryder System in the third quarter valued at $396,000. KBC Group NV raised its position in Ryder System by 21.9% in the 3rd quarter. KBC Group NV now owns 1,232 shares of the transportation company’s stock worth $180,000 after purchasing an additional 221 shares during the period. Finally, Natixis Advisors LLC raised its position in Ryder System by 15.2% in the 3rd quarter. Natixis Advisors LLC now owns 102,756 shares of the transportation company’s stock worth $14,982,000 after purchasing an additional 13,586 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on R shares. JPMorgan Chase & Co. reduced their price objective on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group increased their price target on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Ryder System Stock Performance

Shares of NYSE:R opened at $140.65 on Friday. The firm has a market cap of $5.92 billion, a PE ratio of 12.68 and a beta of 1.23. The firm’s 50 day simple moving average is $159.00 and its 200-day simple moving average is $154.83. Ryder System, Inc. has a one year low of $106.88 and a one year high of $171.78. 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 (NYSE:R) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 EPS 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, equities analysts predict that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

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

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.