Caisse Des Depots ET Consignations purchased a new stake in Ryder System, Inc. (NYSE:R - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,726 shares of the transportation company's stock, valued at approximately $1,682,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Kovitz Investment Group Partners LLC boosted its position in Ryder System by 376.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company's stock valued at $1,405,000 after buying an additional 7,715 shares in the last quarter. James Investment Research Inc. boosted its holdings in shares of Ryder System by 32.0% during the 4th quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company's stock valued at $1,941,000 after acquiring an additional 2,999 shares in the last quarter. Franklin Resources Inc. grew its position in Ryder System by 14.3% during the 3rd quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company's stock worth $20,724,000 after acquiring an additional 17,074 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Ryder System in the 4th quarter worth about $12,242,000. Finally, Barclays PLC increased its holdings in Ryder System by 13.1% in the 3rd quarter. Barclays PLC now owns 28,780 shares of the transportation company's stock worth $4,196,000 after purchasing an additional 3,344 shares in the last quarter. Institutional investors own 87.47% of the company's stock.
Analyst Ratings Changes
Several analysts have recently weighed in on R shares. JPMorgan Chase & Co. reduced their price target on Ryder System from $176.00 to $174.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. StockNews.com lowered shares of Ryder System from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Finally, The Goldman Sachs Group upped 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Ryder System currently has an average rating of "Moderate Buy" and a consensus price target of $157.00.
Read Our Latest Stock Report on Ryder System
Ryder System Trading Up 1.8 %
R stock traded up $2.52 during trading on Tuesday, hitting $146.33. The company had a trading volume of 201,625 shares, compared to its average volume of 292,454. The stock has a market cap of $6.11 billion, a PE ratio of 13.19 and a beta of 1.23. The business has a 50-day moving average of $155.10 and a 200-day moving average of $155.31. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System, Inc. has a one year low of $106.88 and a one year high of $171.78.
Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, beating 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%. Research analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.
Ryder System Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Tuesday, February 18th. Ryder System's dividend payout ratio is 29.22%.
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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