Cambridge Financial Group Inc. purchased 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 purchased 61,815 shares of the transportation company's stock, valued at approximately $9,696,000. Ryder System makes up 4.0% of Cambridge Financial Group Inc.'s investment portfolio, making the stock its 2nd biggest position. Cambridge Financial Group Inc. owned approximately 0.15% of Ryder System as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC purchased a new position in Ryder System during the fourth quarter worth about $314,075,000. Sei Investments Co. raised its position in shares of Ryder System by 1.6% during the 4th quarter. Sei Investments Co. now owns 856,507 shares of the transportation company's stock valued at $134,351,000 after buying an additional 13,529 shares during the period. American Century Companies Inc. grew its position in Ryder System by 0.3% in the fourth quarter. American Century Companies Inc. now owns 843,895 shares of the transportation company's stock worth $132,373,000 after acquiring an additional 2,121 shares during the period. FMR LLC grew its position in Ryder System by 56.2% in the third quarter. FMR LLC now owns 781,519 shares of the transportation company's stock worth $113,945,000 after acquiring an additional 281,052 shares during the period. Finally, Geode Capital Management LLC raised its position in Ryder System by 0.8% in the third quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company's stock valued at $105,397,000 after purchasing an additional 5,860 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have commented on the stock. The Goldman Sachs Group upped 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. JPMorgan Chase & Co. cut their target price on Ryder System from $176.00 to $174.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Finally, StockNews.com lowered Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $157.00.
Check Out Our Latest Analysis on Ryder System
Ryder System Stock Performance
NYSE R traded up $4.28 during trading hours on Wednesday, hitting $150.54. The company had a trading volume of 196,716 shares, compared to its average volume of 293,486. The business has a 50 day moving average of $154.72 and a 200-day moving average of $155.37. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. Ryder System, Inc. has a 1-year low of $106.88 and a 1-year high of $171.78. The company has a market cap of $6.28 billion, a PE ratio of 13.57 and a beta of 1.23.
Ryder System (NYSE:R - Get Free Report) last announced its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) 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%. As a group, equities research analysts expect that Ryder System, Inc. will post 13.68 EPS for the current year.
Ryder System Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were paid a $0.81 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.15%. Ryder System's dividend payout ratio (DPR) is currently 29.22%.
Ryder System Profile
(
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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