Ryder System, Inc. (NYSE:R) Shares Acquired by Invesco Ltd.

Invesco Ltd. grew its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 456,968 shares of the transportation company's stock after acquiring an additional 82,893 shares during the quarter. Invesco Ltd. owned 1.08% of Ryder System worth $71,680,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Keystone Financial Group Inc. purchased a new position in shares of Ryder System during the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Ryder System in the fourth quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ryder System in the third quarter valued at about $34,000. R Squared Ltd acquired a new stake in Ryder System in the 4th quarter valued at about $45,000. Finally, Principal Securities Inc. increased its holdings in shares of Ryder System by 36.5% in the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after purchasing an additional 92 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on R shares. JPMorgan Chase & Co. decreased their price objective 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $157.00.

Ryder System Stock Up 0.3 %

Shares of R stock traded up $0.43 during trading on Friday, reaching $138.55. The company's stock had a trading volume of 655,270 shares, compared to its average volume of 307,748. 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 $107.17 and a 1-year high of $171.78. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 12.49 and a beta of 1.10. The stock's 50-day moving average price is $148.26 and its 200 day moving average price is $154.46.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, topping the consensus estimate 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, research analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The business also recently disclosed 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 yield of 2.34%. Ryder System's dividend payout ratio is presently 29.22%.

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.