Ryder System, Inc. (NYSE:R) Holdings Trimmed by Prudential Financial Inc.

Prudential Financial Inc. cut its holdings in Ryder System, Inc. (NYSE:R) by 24.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,233 shares of the transportation company’s stock after selling 20,921 shares during the quarter. Prudential Financial Inc. owned about 0.16% of Ryder System worth $10,389,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of 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. acquired a new position in Ryder System in the fourth quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Ryder System in the third quarter valued at $34,000. R Squared Ltd acquired a new stake in shares of Ryder System during the 4th quarter valued at $45,000. Finally, Principal Securities Inc. grew its holdings in shares of Ryder System by 36.5% in the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock worth $54,000 after acquiring an additional 92 shares during the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Trading Down 2.4 %

NYSE:R opened at $140.53 on Friday. The stock has a market cap of $5.87 billion, a PE ratio of 12.67 and a beta of 1.23. Ryder System, Inc. has a fifty-two week low of $106.88 and a fifty-two week high of $171.78. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The stock’s 50-day moving average is $155.53 and its two-hundred day moving average is $154.94.

Ryder System (NYSE:R) last announced its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 EPS 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, equities research analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.31%. Ryder System’s payout ratio is 29.22%.

Analysts Set New Price Targets

Several brokerages have recently commented on R. The Goldman Sachs Group upped their target price on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, December 12th. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. cut 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. Three investment 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, Ryder System has a consensus rating of “Moderate Buy” and a consensus 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.