Yousif Capital Management LLC Sells 777 Shares of Ryder System, Inc. (NYSE:R)

Yousif Capital Management LLC reduced its position in shares of Ryder System, Inc. (NYSE:R) by 4.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,738 shares of the transportation company’s stock after selling 777 shares during the quarter. Yousif Capital Management LLC’s holdings in Ryder System were worth $2,626,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC bought a new position in shares of Ryder System during the third quarter valued at about $28,000. Wilmington Savings Fund Society FSB purchased a new position in Ryder System during the 3rd quarter valued at about $34,000. UMB Bank n.a. raised its position in Ryder System by 43.2% during the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 80 shares during the last quarter. R Squared Ltd purchased a new stake in Ryder System in the 4th quarter worth approximately $45,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Ryder System in the 4th quarter worth approximately $96,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on R. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. lowered their price objective on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, The Goldman Sachs Group upped their target price on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.43.

Ryder System Stock Performance

NYSE:R opened at $157.97 on Monday. The stock has a 50-day moving average price of $160.80 and a 200 day moving average price of $151.17. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. Ryder System, Inc. has a 12-month low of $106.62 and a 12-month high of $171.78. The stock has a market capitalization of $6.68 billion, a P/E ratio of 14.78 and a beta of 1.29.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.05%. Ryder System’s dividend payout ratio is presently 30.31%.

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.