KLP Kapitalforvaltning AS Invests $1.79 Million in Ryder System, Inc. (NYSE:R)

KLP Kapitalforvaltning AS purchased a new stake in Ryder System, Inc. (NYSE:R - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,400 shares of the transportation company's stock, valued at approximately $1,788,000.

Several other hedge funds also recently modified their holdings of R. Keystone Financial Group Inc. bought a new stake in Ryder System during the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Ryder System during the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Ryder System in the third quarter worth $34,000. R Squared Ltd acquired a new stake in Ryder System in the fourth quarter valued at $45,000. Finally, Principal Securities Inc. lifted its holdings in Ryder System by 36.5% during the 4th 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. Institutional investors and hedge funds own 87.47% of the company's stock.

Ryder System Trading Up 1.8 %

R stock traded up $2.57 during mid-day trading on Tuesday, reaching $146.38. The company's stock had a trading volume of 503,128 shares, compared to its average volume of 293,757. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 13.20 and a beta of 1.23. Ryder System, Inc. has a 12 month low of $106.88 and a 12 month high of $171.78. The business's 50 day moving average price is $154.72 and its 200 day moving average price is $155.37. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14.

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Ryder System (NYSE:R - Get Free Report) last released 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 net margin of 3.87% and a return on equity of 17.23%. On average, equities research analysts predict that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were issued a $0.81 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 annualized dividend and a yield of 2.21%. Ryder System's payout ratio is currently 29.22%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on R. The Goldman Sachs Group raised their price objective on Ryder System from $160.00 to $183.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. lowered their price target on shares of Ryder System from $176.00 to $174.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Finally, StockNews.com downgraded shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $157.00.

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.