Courier Capital LLC Decreases Stock Position in Ryder System, Inc. (NYSE:R)

Courier Capital LLC lessened its position in Ryder System, Inc. (NYSE:R) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 21,896 shares of the transportation company’s stock after selling 209 shares during the quarter. Courier Capital LLC’s holdings in Ryder System were worth $2,519,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC acquired a new position in Ryder System during the third quarter worth $26,000. Contravisory Investment Management Inc. acquired a new position in shares of Ryder System in the 4th quarter valued at $26,000. Fortis Capital Advisors LLC lifted its stake in shares of Ryder System by 2,716.7% in the 1st quarter. Fortis Capital Advisors LLC now owns 338 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 326 shares during the last quarter. Huntington National Bank lifted its stake in shares of Ryder System by 37,100.0% in the 2nd quarter. Huntington National Bank now owns 372 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 371 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Ryder System by 33.9% in the 3rd quarter. CWM LLC now owns 438 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on R shares. Wells Fargo & Company boosted their price objective on Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Friday, January 19th. JPMorgan Chase & Co. upped their price target on Ryder System from $117.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Stephens upped their price objective on Ryder System from $110.00 to $113.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Finally, Vertical Research cut Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research report on Wednesday, January 10th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Ryder System has an average rating of “Hold” and a consensus price target of $116.00.

Insider Transactions at Ryder System

In other news, CMO Karen M. Jones sold 7,737 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total transaction of $877,994.76. Following the completion of the transaction, the chief marketing officer now directly owns 12,396 shares of the company’s stock, valued at approximately $1,406,698.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 5.10% of the company’s stock.

Ryder System Trading Up 2.5 %

NYSE:R opened at $118.60 on Thursday. The stock has a market cap of $5.25 billion, a P/E ratio of 13.59 and a beta of 1.39. 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 1 year low of $76.15 and a 1 year high of $119.47. The stock has a 50-day simple moving average of $114.09 and a 200-day simple moving average of $108.73.

Ryder System (NYSE:R) last announced its earnings results 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. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Ryder System had a return on equity of 19.68% and a net margin of 3.45%. The business’s revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.89 EPS. As a group, analysts anticipate that Ryder System, Inc. will post 11.9 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.71 per share. 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 2.39%. Ryder System’s payout ratio is 32.53%.

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.