Wellington Management Group LLP Cuts Stake in Ryder System, Inc. (NYSE:R)

Wellington Management Group LLP lessened its holdings in Ryder System, Inc. (NYSE:R) by 17.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,569,733 shares of the transportation company’s stock after selling 551,960 shares during the period. Wellington Management Group LLP owned approximately 0.06% of Ryder System worth $403,088,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of R. Sanctuary Advisors LLC lifted its stake in Ryder System by 0.9% during the fourth quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company’s stock worth $1,282,000 after purchasing an additional 68 shares during the last quarter. Savant Capital LLC lifted its position in shares of Ryder System by 3.6% during the 4th quarter. Savant Capital LLC now owns 2,438 shares of the transportation company’s stock worth $382,000 after buying an additional 84 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of Ryder System by 36.5% in the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after buying an additional 92 shares in the last quarter. MML Investors Services LLC grew its position in shares of Ryder System by 4.7% in the 3rd quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company’s stock valued at $303,000 after buying an additional 94 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in Ryder System by 36.6% during the 4th quarter. UMB Bank n.a. now owns 362 shares of the transportation company’s stock worth $57,000 after acquiring an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on R. The Goldman Sachs Group lifted their target price on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. lowered their target price on shares of 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Ryder System Price Performance

Ryder System stock opened at $143.96 on Tuesday. 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, Inc. has a 12 month low of $106.88 and a 12 month high of $171.78. The stock has a market capitalization of $6.01 billion, a PE ratio of 12.98 and a beta of 1.23.

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

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System’s dividend payout ratio (DPR) is currently 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.