Amundi Reduces Stock Position in Ryder System, Inc. (NYSE:R)

Amundi trimmed its position in Ryder System, Inc. (NYSE:R) by 24.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,001 shares of the transportation company’s stock after selling 3,785 shares during the period. Amundi’s holdings in Ryder System were worth $1,901,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Keystone Financial Group Inc. purchased a new position in Ryder System during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Ryder System during the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Ryder System during the 3rd quarter worth about $34,000. R Squared Ltd acquired a new stake in shares of Ryder System in the fourth quarter worth approximately $45,000. Finally, Principal Securities Inc. grew its holdings in Ryder System by 36.5% in the fourth 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 period. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Stock Up 1.0 %

Shares of NYSE R opened at $142.01 on Tuesday. The stock has a fifty day moving average price of $158.70 and a 200 day moving average price of $154.94. 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. The company has a market cap of $5.98 billion, a P/E ratio of 12.81 and a beta of 1.23.

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%. Research analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be paid 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 2.28%. Ryder System’s dividend payout ratio is presently 29.22%.

Analysts Set New Price Targets

A number of research firms have weighed in on R. StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group lifted 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. Finally, JPMorgan Chase & Co. lowered their price target on Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.