Inceptionr LLC Invests $722,000 in Ryder System, Inc. (NYSE:R)

Inceptionr LLC bought a new position in Ryder System, Inc. (NYSE:R - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 4,605 shares of the transportation company's stock, valued at approximately $722,000.

Other large investors also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. raised its stake in shares of Ryder System by 212.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company's stock worth $62,055,000 after purchasing an additional 289,388 shares during the last quarter. FMR LLC increased its holdings in Ryder System by 56.2% in the 3rd quarter. FMR LLC now owns 781,519 shares of the transportation company's stock worth $113,945,000 after buying an additional 281,052 shares during the period. Assenagon Asset Management S.A. purchased a new position in Ryder System during the 4th quarter worth approximately $12,242,000. Allianz Asset Management GmbH lifted its stake in Ryder System by 32.5% during the 4th quarter. Allianz Asset Management GmbH now owns 235,879 shares of the transportation company's stock valued at $37,000,000 after acquiring an additional 57,878 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Ryder System by 12.6% in the 4th quarter. Bank of New York Mellon Corp now owns 500,274 shares of the transportation company's stock valued at $78,473,000 after acquiring an additional 55,938 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company's stock.

Ryder System Price Performance

NYSE R traded down $0.72 during trading hours on Tuesday, reaching $146.94. The company's stock had a trading volume of 406,938 shares, compared to its average volume of 367,360. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick 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's 50-day moving average is $160.22 and its two-hundred day moving average is $154.90. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 13.25 and a beta of 1.23.

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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 for the quarter, topping 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%. On average, equities analysts predict that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.20%. Ryder System's payout ratio is presently 29.22%.

Analyst Ratings Changes

R has been the subject of a number of research reports. 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 downgraded Ryder System from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price target on Ryder System from $176.00 to $174.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $157.00.

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.