AIA Group Ltd Cuts Position in Ryder System, Inc. (NYSE:R)

AIA Group Ltd trimmed its holdings in shares of Ryder System, Inc. (NYSE:R) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,693 shares of the transportation company’s stock after selling 195 shares during the quarter. AIA Group Ltd’s holdings in Ryder System were worth $579,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of R. Cambridge Financial Group Inc. purchased a new stake in shares of Ryder System during the 4th quarter valued at $9,696,000. denkapparat Operations GmbH purchased a new stake in Ryder System during the fourth quarter worth about $231,000. Pictet Asset Management Holding SA raised its position in Ryder System by 7.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,870 shares of the transportation company’s stock worth $921,000 after acquiring an additional 422 shares during the period. New Age Alpha Advisors LLC purchased a new position in Ryder System in the fourth quarter valued at about $86,000. Finally, Norges Bank bought a new position in shares of Ryder System during the 4th quarter valued at approximately $97,844,000. 87.47% of the stock is currently owned by institutional investors.

Ryder System Stock Performance

NYSE:R opened at $143.96 on Tuesday. Ryder System, Inc. has a 52-week low of $106.88 and a 52-week high of $171.78. The business’s fifty day moving average is $155.10 and its 200 day moving average is $155.31. 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 firm has a market cap of $6.01 billion, a price-to-earnings ratio of 12.98 and a beta of 1.23.

Ryder System (NYSE:R) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, beating 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 year.

Ryder System Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on R shares. JPMorgan Chase & Co. dropped their price objective on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group upped their price target on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, StockNews.com lowered 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 stock. According to MarketBeat.com, Ryder System presently has an average rating of “Moderate Buy” and an average target price of $157.00.

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.