Natixis Advisors LLC grew its position in Ryder System, Inc. (NYSE:R - Free Report) by 13.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,895 shares of the transportation company's stock after acquiring an additional 14,139 shares during the quarter. Natixis Advisors LLC owned approximately 0.28% of Ryder System worth $18,336,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Kovitz Investment Group Partners LLC raised its holdings in shares of Ryder System by 376.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company's stock valued at $1,405,000 after buying an additional 7,715 shares during the last quarter. James Investment Research Inc. raised its stake in Ryder System by 32.0% during the 4th quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company's stock valued at $1,941,000 after acquiring an additional 2,999 shares in the last quarter. Franklin Resources Inc. boosted its position in Ryder System by 14.3% during the 3rd quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company's stock worth $20,724,000 after acquiring an additional 17,074 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Ryder System in the fourth quarter worth $12,242,000. Finally, Algert Global LLC grew its stake in shares of Ryder System by 43.5% in the third quarter. Algert Global LLC now owns 25,547 shares of the transportation company's stock worth $3,725,000 after purchasing an additional 7,750 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
R has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price 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 raised Ryder System from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, The Goldman Sachs Group raised their target price on Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Ryder System currently has an average rating of "Moderate Buy" and an average target price of $157.00.
Read Our Latest Research Report on Ryder System
Ryder System Stock Performance
NYSE R traded up $1.24 during midday trading on Friday, hitting $141.70. The company had a trading volume of 623,993 shares, compared to its average volume of 280,112. The firm has a fifty day simple moving average of $157.35 and a two-hundred day simple moving average of $154.67. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 12.78 and a beta of 1.23. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System, Inc. has a fifty-two week low of $106.88 and a fifty-two week high of $171.78.
Ryder System (NYSE:R - Get Free Report) last issued its earnings results on Wednesday, February 12th. The transportation company reported $3.45 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%. Equities analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.
Ryder System Dividend Announcement
The business also recently disclosed 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. This represents a $3.24 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System's dividend payout ratio is 29.22%.
Ryder System Company Profile
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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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