Franklin Resources Inc. Sells 7,683 Shares of Ryder System, Inc. (NYSE:R)

Franklin Resources Inc. trimmed its position in Ryder System, Inc. (NYSE:R) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,098 shares of the transportation company’s stock after selling 7,683 shares during the period. Franklin Resources Inc. owned 0.31% of Ryder System worth $20,250,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of R. HighTower Advisors LLC grew its position in Ryder System by 4.7% during the 3rd quarter. HighTower Advisors LLC now owns 7,537 shares of the transportation company’s stock valued at $1,089,000 after purchasing an additional 339 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Ryder System by 4.5% during 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. Kovitz Investment Group Partners LLC grew its stake 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 acquiring an additional 7,715 shares during the period. MML Investors Services LLC raised its holdings in shares of Ryder System by 4.7% during 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 last quarter. Finally, Barclays PLC raised its stake in Ryder System by 13.1% during the 3rd quarter. Barclays PLC now owns 28,780 shares of the transportation company’s stock valued at $4,196,000 after buying an additional 3,344 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

R has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. cut their price target on Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Finally, StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Ryder System currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Ryder System Stock Performance

Shares of R opened at $133.81 on Monday. Ryder System, Inc. has a 52 week low of $106.88 and a 52 week high of $171.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 12.07 and a beta of 1.10. The business has a 50-day simple moving average of $153.33 and a two-hundred day simple moving average of $155.36.

Ryder System (NYSE:R) last released its 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%. On average, analysts expect that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were paid a $0.81 dividend. 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 2.42%. Ryder System’s 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.