Prudential Financial Inc. Sells 20,921 Shares of Ryder System, Inc. (NYSE:R)

Prudential Financial Inc. trimmed its holdings in Ryder System, Inc. (NYSE:R) by 24.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,233 shares of the transportation company’s stock after selling 20,921 shares during the period. Prudential Financial Inc.’s holdings in Ryder System were worth $10,389,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC lifted its holdings in 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 purchasing an additional 68 shares during the last quarter. Savant Capital LLC boosted its holdings 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 period. Principal Securities Inc. grew its stake in Ryder System by 36.5% in the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after buying an additional 92 shares during the last quarter. MML Investors Services LLC raised its holdings in 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 acquiring an additional 94 shares during the period. Finally, UMB Bank n.a. lifted its position in Ryder System by 36.6% during the 4th quarter. UMB Bank n.a. now owns 362 shares of the transportation company’s stock worth $57,000 after acquiring an additional 97 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Trading Down 2.4 %

Shares of R opened at $140.53 on Friday. The stock’s 50-day moving average price is $155.53 and its 200 day moving average price is $154.94. 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, Inc. has a 12-month low of $106.88 and a 12-month high of $171.78. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 12.67 and a beta of 1.23.

Ryder System (NYSE:R) last posted its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share 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%. As a group, research analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

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

Analysts Set New Price Targets

R has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target 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. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, The Goldman Sachs Group increased 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. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $157.00.

Ryder System Company 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.