AIA Group Ltd Lowers Stake in Ryder System, Inc. (NYSE:R)

AIA Group Ltd lessened its position in Ryder System, Inc. (NYSE:R) by 5.0% during the fourth quarter, Holdings Channel reports. The fund owned 3,693 shares of the transportation company’s stock after selling 195 shares during the period. AIA Group Ltd’s holdings in Ryder System were worth $579,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Keystone Financial Group Inc. bought a new stake in shares of Ryder System in the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. bought a new stake in Ryder System in the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Ryder System during the third quarter valued at about $34,000. R Squared Ltd bought a new position in shares of Ryder System during the fourth quarter valued at about $45,000. Finally, Principal Securities Inc. increased its holdings in shares of Ryder System by 36.5% in 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 during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Stock Performance

Shares of R stock opened at $143.96 on Tuesday. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 12.98 and a beta of 1.23. The stock has a fifty day moving average of $155.10 and a 200 day moving average of $155.31. Ryder System, Inc. has a 52 week low of $106.88 and a 52 week high of $171.78. 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 posted its earnings results 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 net margin of 3.87% and a return on equity of 17.23%. As a group, research analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Tuesday, February 18th. Ryder System’s dividend payout ratio is currently 29.22%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. JPMorgan Chase & Co. cut their target price 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. Finally, The Goldman Sachs Group upped 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. Three equities 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.