Raymond James Financial Inc. Buys New Position in Ryder System, Inc. (NYSE:R)

Raymond James Financial Inc. acquired a new position in Ryder System, Inc. (NYSE:R - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 43,786 shares of the transportation company's stock, valued at approximately $6,868,000. Raymond James Financial Inc. owned about 0.10% of Ryder System at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Keystone Financial Group Inc. bought a new stake in Ryder System in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Ryder System in the 4th quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Ryder System in the 3rd quarter worth approximately $34,000. R Squared Ltd bought a new position in shares of Ryder System during the 4th quarter worth approximately $45,000. Finally, Principal Securities Inc. boosted its stake in Ryder System by 36.5% in the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after buying an additional 92 shares in the last quarter. 87.47% of the stock is owned by institutional investors.

Ryder System Trading Down 0.5 %

R stock traded down $0.76 during trading on Thursday, hitting $143.84. The company had a trading volume of 252,108 shares, compared to its average volume of 281,079. The firm has a 50-day moving average price of $156.46 and a 200-day moving average price of $154.97. Ryder System, Inc. has a 12 month low of $106.88 and a 12 month high of $171.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 12.97 and a beta of 1.23.

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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 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%. As a group, analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System's payout ratio is currently 29.22%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on R shares. JPMorgan Chase & Co. cut their price objective on Ryder System from $176.00 to $174.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. The Goldman Sachs Group lifted their price target on shares of Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, StockNews.com lowered shares of Ryder System from a "buy" rating to a "hold" rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $157.00.

About Ryder System

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.