NewEdge Wealth LLC Purchases 15,034 Shares of Ryder System, Inc. (NYSE:R)

NewEdge Wealth LLC raised its stake in Ryder System, Inc. (NYSE:R - Free Report) by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 202,170 shares of the transportation company's stock after acquiring an additional 15,034 shares during the period. NewEdge Wealth LLC owned about 0.48% of Ryder System worth $31,712,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sanctuary Advisors LLC increased its stake in shares of Ryder System by 0.9% in the fourth quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company's stock valued at $1,282,000 after buying an additional 68 shares in the last quarter. Savant Capital LLC lifted its position in shares of Ryder System by 3.6% during the fourth quarter. Savant Capital LLC now owns 2,438 shares of the transportation company's stock worth $382,000 after purchasing an additional 84 shares in the last quarter. Principal Securities Inc. grew its stake in shares of Ryder System by 36.5% during the fourth 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 increased its holdings in shares of Ryder System by 4.7% in the third 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 in the last quarter. Finally, UMB Bank n.a. raised its position in Ryder System by 36.6% in the 4th quarter. UMB Bank n.a. now owns 362 shares of the transportation company's stock worth $57,000 after purchasing an additional 97 shares during the last quarter. 87.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on R. StockNews.com lowered Ryder System from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. The Goldman Sachs Group increased their price objective 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, JPMorgan Chase & Co. lowered their target price on shares of Ryder System from $176.00 to $174.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Ryder System presently has an average rating of "Moderate Buy" and a consensus price target of $157.00.

Ryder System Trading Up 3.0 %

Shares of NYSE R traded up $4.76 during midday trading on Friday, reaching $164.40. 441,199 shares of the stock were exchanged, compared to its average volume of 363,210. Ryder System, Inc. has a 12 month low of $106.88 and a 12 month high of $171.78. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 14.82 and a beta of 1.29. 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 business has a 50-day simple moving average of $160.77 and a two-hundred day simple moving average of $154.11.

Ryder System (NYSE:R - Get Free Report) last posted its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (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%. As a group, equities research analysts expect 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 paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 1.97%. Ryder System's dividend payout ratio is currently 29.22%.

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.