Burns Matteson Capital Management LLC Invests $395,000 in Ryder System, Inc. (NYSE:R)

Burns Matteson Capital Management LLC acquired a new position in shares of Ryder System, Inc. (NYSE:R - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,521 shares of the transportation company's stock, valued at approximately $395,000.

Several other institutional investors and hedge funds have also made changes to their positions in R. Keystone Financial Group Inc. acquired a new stake in shares of Ryder System during the fourth quarter worth $26,000. Wolff Wiese Magana LLC acquired a new position in Ryder System during the third quarter valued at $28,000. Wilmington Savings Fund Society FSB acquired a new position in Ryder System during the third quarter valued at $34,000. UMB Bank n.a. lifted its position in Ryder System by 43.2% during the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company's stock valued at $39,000 after purchasing an additional 80 shares during the period. Finally, R Squared Ltd acquired a new position in Ryder System during the fourth quarter valued at $45,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Price Performance

NYSE R traded down $1.83 during trading hours on Thursday, hitting $161.13. 385,941 shares of the company's stock traded hands, compared to its average volume of 343,922. Ryder System, Inc. has a 52-week low of $106.62 and a 52-week high of $171.78. The company has a market capitalization of $6.81 billion, a PE ratio of 15.07 and a beta of 1.29. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. The firm's 50-day moving average is $160.24 and its 200-day moving average is $151.67.

Ryder System (NYSE:R - Get Free Report) last posted 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 16.78% and a net margin of 3.83%. Equities analysts forecast that Ryder System, Inc. will post 12 EPS for the current fiscal year.

Ryder System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be issued a $0.81 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.01%. Ryder System's dividend payout ratio (DPR) is presently 30.31%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on R shares. The Goldman Sachs Group boosted their target price 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. StockNews.com cut shares of Ryder System from a "buy" rating to a "hold" rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Ryder System from $176.00 to $174.00 and set a "neutral" rating for the company in a report on Thursday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $151.71.

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.