Proficio Capital Partners LLC Acquires Shares of 32,784 Ryder System, Inc. (NYSE:R)

Proficio Capital Partners LLC acquired a new position in Ryder System, Inc. (NYSE:R - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 32,784 shares of the transportation company's stock, valued at approximately $5,142,000. Proficio Capital Partners LLC owned approximately 0.08% of Ryder System as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Keystone Financial Group Inc. bought a new stake in Ryder System during the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Ryder System during the 3rd quarter worth $34,000. R Squared Ltd purchased a new position in Ryder System in the fourth quarter worth $45,000. Principal Securities Inc. increased its stake in Ryder System by 36.5% in the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after acquiring an additional 92 shares during the last quarter. Finally, UMB Bank n.a. raised its position in Ryder System by 36.6% during the fourth quarter. UMB Bank n.a. now owns 362 shares of the transportation company's stock valued at $57,000 after purchasing an additional 97 shares in the last quarter. Institutional investors own 87.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on R shares. The Goldman Sachs Group upped their target price on Ryder System from $160.00 to $183.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. StockNews.com lowered shares of Ryder System from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, 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 research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Ryder System currently has a consensus rating of "Moderate Buy" and a consensus price target of $157.00.

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Ryder System Trading Down 2.5 %

R traded down $3.85 during midday trading on Friday, reaching $150.92. 562,217 shares of the company's stock traded hands, compared to its average volume of 363,015. Ryder System, Inc. has a 52 week low of $106.88 and a 52 week high of $171.78. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a fifty day moving average of $160.56 and a two-hundred day moving average of $154.51. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 13.61 and a beta of 1.23.

Ryder System (NYSE:R - Get Free Report) last announced 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%. On average, equities analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, February 18th. Ryder System's payout ratio is 29.22%.

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.