Proficio Capital Partners LLC purchased a new stake in shares of Ryder System, Inc. (NYSE:R - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 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 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Sanctuary Advisors LLC grew its holdings in shares of Ryder System by 0.9% during the 4th quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company's stock valued at $1,282,000 after purchasing an additional 68 shares during the last quarter. Savant Capital LLC grew its holdings in shares of Ryder System by 3.6% during the 4th quarter. Savant Capital LLC now owns 2,438 shares of the transportation company's stock valued at $382,000 after purchasing an additional 84 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after purchasing an additional 92 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Ryder System by 4.7% during the 3rd quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company's stock valued at $303,000 after purchasing an additional 94 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Ryder System by 36.6% during the 4th 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 during the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.
Ryder System Stock Up 0.4 %
NYSE:R traded up $0.56 on Thursday, reaching $140.36. 365,718 shares of the stock traded hands, compared to its average volume of 278,774. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 12.66 and a beta of 1.23. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System, Inc. has a 12 month low of $106.88 and a 12 month high of $171.78. The company's fifty day simple moving average is $157.97 and its 200 day simple moving average is $154.79.
Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings data 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 net margin of 3.87% and a return on equity of 17.23%. Equities analysts predict that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.
Ryder System Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be given a dividend of $0.81 per share. The ex-dividend date is Tuesday, February 18th. This represents a $3.24 annualized dividend and a yield of 2.31%. Ryder System's dividend payout ratio (DPR) is 29.22%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on R. JPMorgan Chase & Co. reduced their target price on shares of 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 shares of Ryder System from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, The Goldman Sachs Group increased their price target on shares of Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $157.00.
Read Our Latest Report on Ryder System
About Ryder System
(
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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