DekaBank Deutsche Girozentrale Cuts Stock Holdings in Ryder System, Inc. (NYSE:R)

DekaBank Deutsche Girozentrale decreased its stake in shares of Ryder System, Inc. (NYSE:R) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,549 shares of the transportation company’s stock after selling 168 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Ryder System were worth $859,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Contravisory Investment Management Inc. purchased a new position in Ryder System in the fourth quarter worth $26,000. Headlands Technologies LLC purchased a new position in Ryder System in the third quarter worth $26,000. Fortis Capital Advisors LLC boosted its position in Ryder System by 2,716.7% in the first quarter. Fortis Capital Advisors LLC now owns 338 shares of the transportation company’s stock worth $30,000 after purchasing an additional 326 shares during the last quarter. CWM LLC boosted its position in Ryder System by 33.9% in the third quarter. CWM LLC now owns 438 shares of the transportation company’s stock worth $47,000 after purchasing an additional 111 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in Ryder System by 406.0% in the third quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock worth $54,000 after purchasing an additional 406 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on R shares. JPMorgan Chase & Co. boosted their target price on Ryder System from $117.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Wells Fargo & Company boosted their target price on Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Robert W. Baird restated a “buy” rating and issued a $140.00 target price on shares of Ryder System in a research note on Wednesday, January 3rd. The Goldman Sachs Group restated a “buy” rating and issued a $122.00 target price on shares of Ryder System in a research note on Thursday, February 15th. Finally, Vertical Research lowered Ryder System from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research note on Wednesday, January 10th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Ryder System has a consensus rating of “Hold” and a consensus target price of $120.00.

Ryder System Stock Performance

NYSE:R opened at $114.83 on Monday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.62 and a current ratio of 0.62. Ryder System, Inc. has a 52-week low of $76.15 and a 52-week high of $121.58. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 13.15 and a beta of 1.40. The business’s fifty day moving average is $115.02 and its 200 day moving average is $110.17.

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

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th were paid a $0.71 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.84 dividend on an annualized basis and a yield of 2.47%. Ryder System’s dividend payout ratio is currently 32.53%.

Insiders Place Their Bets

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the company’s stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

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.