Pacific Heights Asset Management LLC Has $6.26 Million Holdings in Ryder System, Inc. (NYSE:R)

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Pacific Heights Asset Management LLC decreased its stake in Ryder System, Inc. (NYSE:R) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,000 shares of the transportation company’s stock after selling 2,000 shares during the quarter. Pacific Heights Asset Management LLC owned 0.24% of Ryder System worth $6,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in R. Point72 Hong Kong Ltd acquired a new stake in shares of Ryder System during the third quarter worth about $115,000. Balasa Dinverno & Foltz LLC bought a new position in Ryder System in the third quarter valued at approximately $220,000. Bank of Hawaii bought a new position in Ryder System in the third quarter valued at approximately $230,000. Signition LP bought a new position in Ryder System in the third quarter valued at approximately $230,000. Finally, Rice Partnership LLC bought a new position in Ryder System in the third quarter valued at approximately $244,000. 91.19% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on R shares. ValuEngine downgraded Ryder System from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 27th. Stifel Nicolaus upgraded Ryder System from a “hold” rating to a “buy” rating and reduced their target price for the stock from $81.00 to $69.00 in a research note on Thursday, November 29th. Zacks Investment Research cut Ryder System from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Loop Capital upgraded Ryder System from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Thursday, October 25th. Finally, Stephens set a $64.00 price target on Ryder System and gave the company a “hold” rating in a research report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $76.50.

Shares of Ryder System stock opened at $60.52 on Thursday. The company has a market capitalization of $3.16 billion, a PE ratio of 13.36 and a beta of 1.72. Ryder System, Inc. has a 52 week low of $44.80 and a 52 week high of $85.13. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.67 and a quick ratio of 0.64.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Tuesday, February 19th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, February 15th. Ryder System’s dividend payout ratio (DPR) is presently 47.68%.

In other news, EVP John J. Gleason sold 12,795 shares of the stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $55.14, for a total value of $705,516.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.27% of the company’s stock.

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Ryder System Profile

Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as ancillary maintenance and fleet support services.

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Institutional Ownership by Quarter for Ryder System (NYSE:R)

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