Arrowstreet Capital Limited Partnership Decreases Position in Ryder System, Inc. (NYSE:R)

Arrowstreet Capital Limited Partnership reduced its stake in shares of Ryder System, Inc. (NYSE:R) by 12.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 459,396 shares of the transportation company’s stock after selling 65,701 shares during the quarter. Arrowstreet Capital Limited Partnership owned 1.09% of Ryder System worth $72,061,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of R. Daiwa Securities Group Inc. purchased a new position in Ryder System in the 3rd quarter valued at about $219,000. FMR LLC lifted its stake in shares of Ryder System by 56.2% in the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock worth $113,945,000 after acquiring an additional 281,052 shares in the last quarter. Paloma Partners Management Co purchased a new position in Ryder System in the third quarter valued at about $310,000. HighTower Advisors LLC grew its stake 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 in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Ryder System by 212.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company’s stock worth $62,055,000 after purchasing an additional 289,388 shares during the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. reduced their target price 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. The Goldman Sachs Group increased their price objective on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Ryder System presently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Ryder System Stock Performance

Shares of R opened at $143.96 on Tuesday. The stock has a market capitalization of $6.01 billion, a PE ratio of 12.98 and a beta of 1.23. The business’s fifty day moving average price is $155.10 and its 200 day moving average price is $155.31. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. Ryder System, Inc. has a 12-month low of $106.88 and a 12-month high of $171.78.

Ryder System (NYSE:R) last posted its quarterly 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 net margin of 3.87% and a return on equity of 17.23%. Equities research analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

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

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.