Ryder System, Inc. (NYSE:R) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in Ryder System, Inc. (NYSE:R - Free Report) by 12.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 500,274 shares of the transportation company's stock after acquiring an additional 55,938 shares during the quarter. Bank of New York Mellon Corp owned about 1.18% of Ryder System worth $78,473,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of R. Keystone Financial Group Inc. acquired a new position in Ryder System in the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Ryder System in the 3rd quarter valued at $34,000. R Squared Ltd purchased a new position in shares of Ryder System during the 4th quarter worth $45,000. Principal Securities Inc. grew its holdings in shares of Ryder System by 36.5% during 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 period. Finally, UMB Bank n.a. increased its position in shares of 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 purchasing an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company's stock.

Wall Street Analyst Weigh In

R has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Ryder System from $176.00 to $174.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. StockNews.com cut shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group boosted their target price on Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $157.00.

Ryder System Stock Up 1.6 %

R traded up $2.45 during trading hours on Wednesday, hitting $155.84. 294,578 shares of the company's stock were exchanged, compared to its average volume of 359,030. The firm has a market cap of $6.56 billion, a P/E ratio of 14.05 and a beta of 1.23. Ryder System, Inc. has a 12-month low of $106.88 and a 12-month high of $171.78. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The firm has a 50 day moving average of $160.71 and a 200 day moving average of $154.50.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings data 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%. Analysts predict that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Tuesday, February 18th. 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.