Bay Capital Advisors LLC bought a new position in Ryder System, Inc. (NYSE:R - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,791 shares of the transportation company's stock, valued at approximately $281,000.
Several other institutional investors and hedge funds have also made changes to their positions in R. Keystone Financial Group Inc. bought a new position in shares of Ryder System in the fourth quarter worth about $26,000. SBI Securities Co. Ltd. bought a new position in Ryder System in the 4th quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Ryder System during the third quarter worth approximately $34,000. R Squared Ltd bought a new stake in shares of Ryder System during the fourth quarter valued at approximately $45,000. Finally, Principal Securities Inc. boosted its holdings in shares of Ryder System by 36.5% in the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after purchasing an additional 92 shares during the period. 87.47% of the stock is currently owned by institutional investors.
Ryder System Stock Down 2.4 %
R stock traded down $3.44 during trading on Friday, reaching $140.53. 240,859 shares of the company traded hands, compared to its average volume of 291,814. The business has a 50 day simple moving average of $155.53 and a 200 day simple moving average of $155.10. Ryder System, Inc. has a 12 month low of $106.88 and a 12 month high of $171.78. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 12.67 and a beta of 1.23.
Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data 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 net margin of 3.87% and a return on equity of 17.23%. On average, equities research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.
Ryder System Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.81 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.31%. Ryder System's dividend payout ratio is presently 29.22%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on R shares. The Goldman Sachs Group lifted 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. StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Ryder System from $176.00 to $174.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $157.00.
View Our Latest Stock Report on Ryder System
About Ryder System
(
Free Report)
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.
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