State of New Jersey Common Pension Fund D Sells 1,835 Shares of Ryder System, Inc. (NYSE:R)

State of New Jersey Common Pension Fund D lessened its stake in shares of Ryder System, Inc. (NYSE:R) by 11.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,569 shares of the transportation company’s stock after selling 1,835 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Ryder System were worth $2,128,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC increased its stake in Ryder System by 376.5% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company’s stock worth $1,405,000 after acquiring an additional 7,715 shares during the period. James Investment Research Inc. increased its stake in Ryder System by 32.0% during the 4th quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company’s stock worth $1,941,000 after acquiring an additional 2,999 shares during the period. Franklin Resources Inc. increased its stake in Ryder System by 14.3% during the 3rd quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company’s stock worth $20,724,000 after acquiring an additional 17,074 shares during the period. Assenagon Asset Management S.A. bought a new position in Ryder System during the 4th quarter worth $12,242,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of Ryder System by 83.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 9,260 shares of the transportation company’s stock valued at $1,350,000 after purchasing an additional 4,200 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group lifted their price target on 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 upgraded Ryder System from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ryder System currently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Ryder System Trading Down 0.7 %

NYSE R opened at $164.85 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System, Inc. has a twelve month low of $106.88 and a twelve month high of $171.78. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 14.86 and a beta of 1.29. The business’s fifty day moving average is $160.53 and its 200 day moving average is $153.13.

Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. As a group, sell-side analysts expect that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors 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 dividend yield of 1.97%. The ex-dividend date is Tuesday, February 18th. Ryder System’s dividend payout ratio (DPR) is 29.22%.

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.