Phocas Financial Corp. Has $1.11 Million Stake in Ryder System, Inc. (NYSE:R)

Phocas Financial Corp. lessened its position in shares of Ryder System, Inc. (NYSE:R) by 79.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,071 shares of the transportation company’s stock after selling 27,316 shares during the period. Phocas Financial Corp.’s holdings in Ryder System were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC grew its position in Ryder System by 0.9% in the fourth quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company’s stock valued at $1,282,000 after acquiring an additional 68 shares during the last quarter. Savant Capital LLC grew its holdings in shares of Ryder System by 3.6% during the 4th quarter. Savant Capital LLC now owns 2,438 shares of the transportation company’s stock valued at $382,000 after purchasing an additional 84 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 92 shares during the last quarter. MML Investors Services LLC increased its position in Ryder System by 4.7% during the 3rd quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company’s stock worth $303,000 after purchasing an additional 94 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Ryder System by 36.6% in the 4th quarter. UMB Bank n.a. now owns 362 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on R shares. The Goldman Sachs Group upped their price target on shares of Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their price target 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Ryder System Stock Up 0.6 %

Shares of R opened at $160.66 on Wednesday. The company has a market capitalization of $6.76 billion, a PE ratio of 14.49 and a beta of 1.30. The stock’s 50-day moving average price is $160.42 and its two-hundred day moving average price is $153.66. 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.

Ryder System (NYSE:R) last announced its earnings results 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 return on equity of 17.23% and a net margin of 3.87%. On average, analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The firm 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 dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.02%. Ryder System’s payout ratio is 29.22%.

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.