Oregon Public Employees Retirement Fund Reduces Position in Ryder System, Inc. (NYSE:R)

Oregon Public Employees Retirement Fund decreased its holdings in shares of Ryder System, Inc. (NYSE:R) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,563 shares of the transportation company’s stock after selling 200 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Ryder System were worth $1,343,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of R. Sanctuary Advisors LLC grew its holdings in shares of Ryder System by 0.9% in the fourth quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company’s stock valued at $1,282,000 after purchasing an additional 68 shares during the period. Savant Capital LLC grew its holdings in shares of Ryder System by 3.6% in the fourth quarter. Savant Capital LLC now owns 2,438 shares of the transportation company’s stock valued at $382,000 after purchasing an additional 84 shares during the period. Principal Securities Inc. grew 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 valued at $54,000 after purchasing an additional 92 shares during the period. MML Investors Services LLC grew its holdings in shares of 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 purchasing an additional 94 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of Ryder System by 36.6% in the fourth quarter. UMB Bank n.a. now owns 362 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 97 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Wall Street Analyst Weigh In

R has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their target price on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased their target price 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. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Ryder System Stock Up 3.0 %

Shares of R opened at $164.40 on Friday. The stock has a market capitalization of $6.92 billion, a PE ratio of 14.82 and a beta of 1.29. Ryder System, Inc. has a 1 year low of $106.88 and a 1 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. The company’s 50-day simple moving average is $160.77 and its 200-day simple moving average is $154.11.

Ryder System (NYSE:R) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (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%. Analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 1.97%. Ryder System’s dividend payout ratio is presently 29.22%.

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.