13,597 Shares in Ryder System, Inc. (NYSE:R) Purchased by OLD Mission Capital LLC

OLD Mission Capital LLC purchased a new position in Ryder System, Inc. (NYSE:R - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,597 shares of the transportation company's stock, valued at approximately $2,133,000.

Several other large investors also recently made changes to their positions in the stock. FMR LLC lifted 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 purchasing an additional 281,052 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of Ryder System during the 3rd quarter worth $310,000. HighTower Advisors LLC grew its stake in Ryder System by 4.7% in the 3rd quarter. HighTower Advisors LLC now owns 7,537 shares of the transportation company's stock valued at $1,089,000 after buying an additional 339 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Ryder System by 212.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company's stock worth $62,055,000 after acquiring an additional 289,388 shares during the period. Finally, Millburn Ridgefield Corp acquired a new position in Ryder System during the 3rd quarter worth $173,000. Institutional investors own 87.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. The Goldman Sachs Group lifted their price target on Ryder System from $160.00 to $183.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reduced their price objective 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Ryder System has an average rating of "Moderate Buy" and a consensus target price of $157.00.

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Ryder System Stock Performance

Shares of NYSE:R traded down $4.78 during trading on Friday, hitting $133.81. 676,773 shares of the stock were exchanged, compared to its average volume of 299,924. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 12.07 and a beta of 1.10. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current 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 fifty day simple moving average is $153.33 and its 200-day simple moving average is $155.28.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts expect that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Tuesday, February 18th. Ryder System's dividend payout ratio is 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.