State of Alaska Department of Revenue Has $550,000 Stock Position in Ryder System, Inc. (NYSE:R)

State of Alaska Department of Revenue decreased its position in Ryder System, Inc. (NYSE:R) by 11.5% in the 4th quarter, HoldingsChannel reports. The fund owned 4,788 shares of the transportation company’s stock after selling 625 shares during the period. State of Alaska Department of Revenue’s holdings in Ryder System were worth $550,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of R. Headlands Technologies LLC acquired a new position in shares of Ryder System in the 3rd quarter worth approximately $26,000. Contravisory Investment Management Inc. acquired a new position in shares of Ryder System in the 4th quarter worth approximately $26,000. Fortis Capital Advisors LLC raised its holdings in shares of Ryder System by 2,716.7% in the 1st quarter. Fortis Capital Advisors LLC now owns 338 shares of the transportation company’s stock worth $30,000 after buying an additional 326 shares in the last quarter. CWM LLC raised its holdings in shares of Ryder System by 33.9% in the 3rd quarter. CWM LLC now owns 438 shares of the transportation company’s stock worth $47,000 after buying an additional 111 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Ryder System by 406.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock worth $54,000 after buying an additional 406 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ryder System

In other news, CMO Karen M. Jones sold 7,737 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the transaction, the chief marketing officer now directly owns 12,396 shares in the company, valued at approximately $1,406,698.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.10% of the company’s stock.

Ryder System Stock Up 0.9 %

Shares of R opened at $117.09 on Friday. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 13.41 and a beta of 1.40. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.62 and a current ratio of 0.62. The business’s fifty day moving average price is $115.08 and its two-hundred day moving average price is $110.01. Ryder System, Inc. has a 52 week low of $76.15 and a 52 week high of $121.58.

Ryder System (NYSE:R) last announced its quarterly earnings data on Wednesday, February 14th. The transportation company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $0.20. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.98 billion. Ryder System had a return on equity of 19.68% and a net margin of 3.45%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the company earned $3.89 EPS. On average, analysts predict that Ryder System, Inc. will post 11.9 earnings per share for the current year.

Ryder System Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th were given a $0.71 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.84 dividend on an annualized basis and a yield of 2.43%. Ryder System’s payout ratio is 32.53%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on R. Wells Fargo & Company increased their target price on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. The Goldman Sachs Group restated a “buy” rating and set a $122.00 price target on shares of Ryder System in a research report on Thursday, February 15th. Vertical Research lowered Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research report on Wednesday, January 10th. Robert W. Baird restated a “buy” rating and set a $140.00 price target on shares of Ryder System in a research report on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. increased their price target on Ryder System from $117.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $120.00.

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.