Ryder System, Inc. (NYSE:R) Shares Purchased by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC lifted its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 125.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,000 shares of the transportation company's stock after acquiring an additional 100,000 shares during the quarter. Ryder System comprises approximately 1.8% of Pacific Heights Asset Management LLC's holdings, making the stock its 13th biggest holding. Pacific Heights Asset Management LLC owned approximately 0.43% of Ryder System worth $28,235,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Keystone Financial Group Inc. acquired a new stake in Ryder System in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Ryder System in the fourth quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Ryder System during the 3rd quarter valued at $34,000. R Squared Ltd purchased a new stake in Ryder System during the 4th quarter worth $45,000. Finally, Principal Securities Inc. lifted its holdings in Ryder System by 36.5% in 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 in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on R. StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. dropped 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. Finally, The Goldman Sachs Group upped their target price on Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $157.00.

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Ryder System Stock Down 0.5 %

Ryder System stock traded down $0.72 during midday trading on Tuesday, hitting $146.94. The stock had a trading volume of 406,938 shares, compared to its average volume of 367,362. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The business has a fifty day moving average price of $160.22 and a 200 day moving average price of $154.90. Ryder System, Inc. has a 12 month low of $106.88 and a 12 month high of $171.78. The stock has a market cap of $6.18 billion, a P/E ratio of 13.25 and a beta of 1.23.

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

Ryder System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Tuesday, February 18th. Ryder System's dividend payout ratio (DPR) 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.