ProShare Advisors LLC Lowers Stock Position in Ryder System, Inc. (NYSE:R)

ProShare Advisors LLC lessened its holdings in Ryder System, Inc. (NYSE:R) by 2.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 241,386 shares of the transportation company’s stock after selling 5,244 shares during the period. ProShare Advisors LLC’s holdings in Ryder System were worth $37,864,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of R. Quantinno Capital Management LP lifted its position in Ryder System by 3.0% during the fourth quarter. Quantinno Capital Management LP now owns 48,088 shares of the transportation company’s stock valued at $7,543,000 after acquiring an additional 1,414 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in Ryder System during the fourth quarter valued at approximately $880,000. Millennium Management LLC lifted its position in Ryder System by 42.7% during the fourth quarter. Millennium Management LLC now owns 217,487 shares of the transportation company’s stock valued at $34,115,000 after acquiring an additional 65,071 shares during the last quarter. Leigh Baldwin & CO. LLC purchased a new stake in Ryder System during the fourth quarter valued at approximately $40,475,000. Finally, J. Goldman & Co LP lifted its position in Ryder System by 16.6% during the fourth quarter. J. Goldman & Co LP now owns 196,923 shares of the transportation company’s stock valued at $30,889,000 after acquiring an additional 28,035 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on R shares. JPMorgan Chase & Co. decreased their target price on shares of Ryder System from $174.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Finally, Stephens decreased their target price on shares of Ryder System from $168.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $160.50.

Insider Transactions at Ryder System

In other news, Director E Follin Smith sold 1,243 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $144.38, for a total value of $179,464.34. Following the sale, the director now owns 39,802 shares in the company, valued at $5,746,612.76. This represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.20% of the company’s stock.

Ryder System Trading Down 1.5%

Shares of Ryder System stock opened at $157.56 on Friday. 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 $116.58 and a 12-month high of $171.78. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 14.21 and a beta of 0.94. The firm’s 50 day simple moving average is $141.87 and its two-hundred day simple moving average is $154.14.

Ryder System (NYSE:R) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the business posted $2.14 EPS. Ryder System’s revenue for the quarter was up 1.1% compared to the same quarter last year. 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 will be paid on Friday, June 20th. Stockholders of record on Monday, May 19th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.06%. Ryder System’s payout ratio is currently 28.25%.

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.