New York State Common Retirement Fund Raises Stock Holdings in Ryder System, Inc. (NYSE:R)

New York State Common Retirement Fund grew its position in shares of Ryder System, Inc. (NYSE:R) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,963 shares of the transportation company’s stock after buying an additional 297 shares during the period. New York State Common Retirement Fund’s holdings in Ryder System were worth $4,229,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Sanctuary Advisors LLC lifted its holdings in Ryder System by 0.9% during the 4th quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company’s stock worth $1,282,000 after buying an additional 68 shares during the last quarter. Savant Capital LLC lifted its holdings in shares of Ryder System by 3.6% in the 4th quarter. Savant Capital LLC now owns 2,438 shares of the transportation company’s stock worth $382,000 after purchasing an additional 84 shares during the last quarter. Principal Securities Inc. lifted 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 worth $54,000 after purchasing an additional 92 shares during the last quarter. MML Investors Services LLC lifted its holdings 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 worth $303,000 after purchasing an additional 94 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Ryder System by 36.6% in the 4th quarter. UMB Bank n.a. now owns 362 shares of the transportation company’s stock worth $57,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

Ryder System Stock Up 3.0 %

Shares of R stock opened at $164.40 on Friday. Ryder System, Inc. has a 1 year low of $106.88 and a 1 year high of $171.78. The stock has a market cap of $6.92 billion, a PE ratio of 14.82 and a beta of 1.29. The business’s fifty day moving average is $160.77 and its 200-day moving average is $153.98. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75.

Ryder System (NYSE:R) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) 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%. Equities analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be given 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 of this dividend is Tuesday, February 18th. Ryder System’s dividend payout ratio (DPR) is presently 29.22%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on R shares. The Goldman Sachs Group raised their price target on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered their target price on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Finally, StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Ryder System Company 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.