Great Lakes Advisors LLC Sells 500 Shares of Ryder System, Inc. (NYSE:R)

Great Lakes Advisors LLC lowered its stake in Ryder System, Inc. (NYSE:R) by 20.6% during the fourth quarter, Holdings Channel reports. The firm owned 1,931 shares of the transportation company’s stock after selling 500 shares during the period. Great Lakes Advisors LLC’s holdings in Ryder System were worth $303,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of R. Sanctuary Advisors LLC lifted its stake in Ryder System by 0.9% during the fourth quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company’s stock worth $1,282,000 after purchasing an additional 68 shares during the last quarter. Savant Capital LLC lifted its position in shares of Ryder System by 3.6% during 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 last quarter. Principal Securities Inc. lifted its position in shares of Ryder System by 36.5% during 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 last quarter. MML Investors Services LLC grew its position in Ryder System by 4.7% in the third quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company’s stock valued at $303,000 after acquiring an additional 94 shares during the last quarter. Finally, UMB Bank n.a. raised its stake 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 acquiring an additional 97 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analysts Set New Price Targets

R has been the topic of several research reports. The Goldman Sachs Group lifted their price target 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 downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a report 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 on the stock in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Ryder System currently has an average rating of “Moderate Buy” and an average price target of $157.00.

Ryder System Stock Up 3.1 %

Shares of NYSE:R opened at $140.65 on Monday. The firm has a market cap of $5.92 billion, a P/E ratio of 12.68 and a beta of 1.23. Ryder System, Inc. has a 12-month low of $106.88 and a 12-month high of $171.78. The business has a fifty day simple moving average of $159.00 and a 200 day simple moving average of $154.93. 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 issued its quarterly earnings data 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%. Analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Tuesday, February 18th. Ryder System’s dividend payout ratio is currently 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.