Wellington Management Group LLP Sells 551,960 Shares of Ryder System, Inc. (NYSE:R)

Wellington Management Group LLP lessened its position in shares of Ryder System, Inc. (NYSE:R) by 17.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,569,733 shares of the transportation company’s stock after selling 551,960 shares during the quarter. Wellington Management Group LLP owned about 6.16% of Ryder System worth $403,088,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Keystone Financial Group Inc. purchased a new position in Ryder System during the 4th quarter worth $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Ryder System in the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB acquired a new position in Ryder System in the third quarter valued at approximately $34,000. R Squared Ltd acquired a new stake in shares of Ryder System during the 4th quarter worth approximately $45,000. Finally, Principal Securities Inc. grew its position in Ryder System by 36.5% during the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Price Performance

R stock opened at $143.96 on Tuesday. Ryder System, Inc. has a 1 year low of $106.88 and a 1 year high of $171.78. The firm has a market capitalization of $6.01 billion, a PE ratio of 12.98 and a beta of 1.23. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The business has a 50 day simple moving average of $155.10 and a 200-day simple moving average of $155.31.

Ryder System (NYSE:R) last issued its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. Equities research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have issued reports on R. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. 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. Finally, JPMorgan Chase & Co. decreased their target price on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. 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, the company has a consensus rating of “Moderate Buy” and a consensus 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.