Teacher Retirement System of Texas Buys 466 Shares of Ryder System, Inc. (NYSE:R)

Teacher Retirement System of Texas raised its position in Ryder System, Inc. (NYSE:R) by 2.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,446 shares of the transportation company’s stock after buying an additional 466 shares during the quarter. Teacher Retirement System of Texas’ holdings in Ryder System were worth $3,050,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in shares of Ryder System by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 398,837 shares of the transportation company’s stock worth $58,150,000 after buying an additional 1,946 shares during the period. Algert Global LLC boosted its stake in Ryder System by 43.5% in the third quarter. Algert Global LLC now owns 25,547 shares of the transportation company’s stock valued at $3,725,000 after acquiring an additional 7,750 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in Ryder System during the 3rd quarter worth $219,000. Independent Advisor Alliance bought a new stake in shares of Ryder System during the 3rd quarter valued at $1,305,000. Finally, FMR LLC lifted its stake in shares of Ryder System by 56.2% in the 3rd quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock valued at $113,945,000 after purchasing an additional 281,052 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. lowered their price target on Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group increased their price target on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Ryder System Stock Down 0.1 %

Shares of Ryder System stock opened at $144.98 on Wednesday. The company has a market capitalization of $6.05 billion, a P/E ratio of 13.07 and a beta of 1.23. 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 moving average of $156.84 and a two-hundred day moving average of $155.04. Ryder System, Inc. has a 1 year low of $106.88 and a 1 year high of $171.78.

Ryder System (NYSE:R) last posted its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities analysts predict that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, February 18th were issued a dividend of $0.81 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.23%. Ryder System’s payout ratio is 29.22%.

About Ryder System

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.