Gallacher Capital Management LLC Reduces Stock Position in Ryder System, Inc. (NYSE:R)

Gallacher Capital Management LLC reduced its position in Ryder System, Inc. (NYSE:R) by 7.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,320 shares of the transportation company’s stock after selling 361 shares during the period. Gallacher Capital Management LLC’s holdings in Ryder System were worth $678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of R. Kovitz Investment Group Partners LLC boosted its holdings in shares of Ryder System by 376.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company’s stock worth $1,405,000 after buying an additional 7,715 shares during the last quarter. James Investment Research Inc. boosted its stake in shares of Ryder System by 32.0% during the 4th quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company’s stock worth $1,941,000 after acquiring an additional 2,999 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Ryder System by 14.3% during the 3rd quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company’s stock worth $20,724,000 after acquiring an additional 17,074 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Ryder System during the fourth quarter valued at $12,242,000. Finally, Algert Global LLC grew its holdings in Ryder System by 43.5% during the third quarter. Algert Global LLC now owns 25,547 shares of the transportation company’s stock valued at $3,725,000 after purchasing an additional 7,750 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Stock Up 3.1 %

NYSE R opened at $140.65 on Friday. The stock’s 50 day moving average is $159.00 and its 200 day moving average is $154.83. The company has a current ratio of 0.75, a quick 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 stock has a market cap of $5.92 billion, a PE ratio of 12.68 and a beta of 1.23.

Ryder System (NYSE:R) last released 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%. Research analysts predict that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be given a $0.81 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.30%. Ryder System’s dividend payout ratio is currently 29.22%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on R. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price target 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 increased their price objective on shares of Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.