Shelton Capital Management Sells 90 Shares of Ryder System, Inc. (NYSE:R)

Shelton Capital Management decreased its position in Ryder System, Inc. (NYSE:R) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,630 shares of the transportation company’s stock after selling 90 shares during the quarter. Shelton Capital Management’s holdings in Ryder System were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC lifted its stake in Ryder System by 4.7% in the third quarter. HighTower Advisors LLC now owns 7,537 shares of the transportation company’s stock worth $1,089,000 after purchasing an additional 339 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Ryder System by 4.5% in the 3rd quarter. Stifel Financial Corp now owns 28,552 shares of the transportation company’s stock valued at $4,163,000 after acquiring an additional 1,219 shares during the last quarter. MML Investors Services LLC boosted its holdings in Ryder System by 4.7% during the 3rd 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 period. Barclays PLC grew its position in Ryder System by 13.1% during the 3rd quarter. Barclays PLC now owns 28,780 shares of the transportation company’s stock worth $4,196,000 after acquiring an additional 3,344 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Ryder System by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company’s stock worth $105,397,000 after acquiring an additional 5,860 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Analyst Ratings Changes

R has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Ryder System Trading Up 0.3 %

NYSE R opened at $139.04 on Friday. The stock has a market cap of $5.80 billion, a P/E ratio of 12.54 and a beta of 1.10. Ryder System, Inc. has a fifty-two week low of $106.88 and a fifty-two week high of $171.78. The stock has a 50 day simple moving average of $150.10 and a two-hundred day simple moving average of $154.73. 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 announced 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 return on equity of 17.23% and a net margin of 3.87%. On average, analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, February 18th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.33%. Ryder System’s dividend payout ratio is presently 29.22%.

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.