Ontario Teachers Pension Plan Board Makes New $421,000 Investment in Ryder System, Inc. (NYSE:R)

Ontario Teachers Pension Plan Board purchased a new position in shares of Ryder System, Inc. (NYSE:R - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,686 shares of the transportation company's stock, valued at approximately $421,000.

Several other hedge funds have also added to or reduced their stakes in the company. Wealthfront Advisers LLC acquired a new stake in Ryder System during the 4th quarter worth approximately $314,075,000. Sei Investments Co. raised its stake in Ryder System by 1.6% in the fourth quarter. Sei Investments Co. now owns 856,507 shares of the transportation company's stock valued at $134,351,000 after purchasing an additional 13,529 shares in the last quarter. American Century Companies Inc. lifted its position in Ryder System by 0.3% during the fourth quarter. American Century Companies Inc. now owns 843,895 shares of the transportation company's stock worth $132,373,000 after purchasing an additional 2,121 shares during the period. FMR LLC grew its stake in Ryder System by 3.1% during the fourth quarter. FMR LLC now owns 805,571 shares of the transportation company's stock worth $126,362,000 after buying an additional 24,052 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Ryder System by 0.8% during the third quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company's stock worth $105,397,000 after buying an additional 5,860 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Price Performance

Shares of R traded up $0.09 during mid-day trading on Wednesday, reaching $138.07. The company had a trading volume of 150,573 shares, compared to its average volume of 393,850. The company's 50 day simple moving average is $147.23 and its 200 day simple moving average is $154.45. 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 $116.58 and a 1-year high of $171.78. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 12.45 and a beta of 1.10.

Ryder System (NYSE:R - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.40 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period last year, the company earned $2.14 EPS. Analysts expect that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, February 18th were given a dividend of $0.81 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 annualized dividend and a yield of 2.35%. Ryder System's dividend payout ratio is presently 29.22%.

Analysts Set New Price Targets

R has been the topic of a number of analyst reports. StockNews.com downgraded shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. reduced their price objective on shares of Ryder System from $176.00 to $174.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $157.00.

Ryder System 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.