Guggenheim Capital LLC Acquires 2,393 Shares of Ryder System, Inc. (NYSE:R)

Guggenheim Capital LLC increased its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 30.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,153 shares of the transportation company's stock after purchasing an additional 2,393 shares during the period. Guggenheim Capital LLC's holdings in Ryder System were worth $1,593,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in R. Wealthfront Advisers LLC bought a new stake in Ryder System during the fourth quarter worth about $314,075,000. Norges Bank bought a new stake in Ryder System during the 4th quarter worth approximately $97,844,000. Pacific Heights Asset Management LLC raised its position in Ryder System by 125.0% in the 4th quarter. Pacific Heights Asset Management LLC now owns 180,000 shares of the transportation company's stock valued at $28,235,000 after purchasing an additional 100,000 shares during the last quarter. Invesco Ltd. boosted its stake in Ryder System by 22.2% in the fourth quarter. Invesco Ltd. now owns 456,968 shares of the transportation company's stock worth $71,680,000 after purchasing an additional 82,893 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Ryder System during the fourth quarter worth $12,242,000. Institutional investors own 87.47% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on R shares. StockNews.com lowered shares of Ryder System from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. JPMorgan Chase & Co. dropped their price objective on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a research report on Thursday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $155.50.

Ryder System Trading Up 3.0 %

NYSE R traded up $4.12 during trading hours on Thursday, hitting $139.43. The company's stock had a trading volume of 326,718 shares, compared to its average volume of 309,273. Ryder System, Inc. has a twelve month low of $116.58 and a twelve month high of $171.78. The firm has a market capitalization of $5.82 billion, a P/E ratio of 12.57 and a beta of 1.10. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The stock has a fifty day moving average of $146.61 and a 200 day moving average of $154.31.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share for the quarter, beating analysts' consensus estimates of $2.40 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the business posted $2.14 EPS. Equities research analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.32%. Ryder System's payout ratio is currently 28.25%.

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.