Callan Family Office LLC Takes $334,000 Position in Ryder System, Inc. (NYSE:R)

Callan Family Office LLC acquired a new stake in shares of Ryder System, Inc. (NYSE:R - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,132 shares of the transportation company's stock, valued at approximately $334,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Keystone Financial Group Inc. purchased a new stake in Ryder System during the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Ryder System during the 4th quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Ryder System during the 3rd quarter worth approximately $34,000. R Squared Ltd purchased a new position in Ryder System in the fourth quarter valued at approximately $45,000. Finally, Principal Securities Inc. grew its stake in Ryder System by 36.5% during the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock worth $54,000 after buying an additional 92 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on R. StockNews.com lowered shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. The Goldman Sachs Group raised their price objective on Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their target price on Ryder System from $176.00 to $174.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $157.00.

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Ryder System Stock Up 3.1 %

NYSE:R traded up $4.27 on Friday, reaching $140.65. The stock had a trading volume of 469,407 shares, compared to its average volume of 378,812. Ryder System, Inc. has a 12-month low of $106.88 and a 12-month high of $171.78. The stock has a market cap of $5.92 billion, a P/E ratio of 12.68 and a beta of 1.23. 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 company has a 50-day moving average of $159.77 and a 200 day moving average of $154.86.

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 for the quarter, beating analysts' consensus estimates of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. On average, research analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.81 per share. The ex-dividend date is Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.30%. Ryder System's dividend payout ratio (DPR) 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.