Sei Investments Co. Buys 13,529 Shares of Ryder System, Inc. (NYSE:R)

Sei Investments Co. grew its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 856,507 shares of the transportation company's stock after acquiring an additional 13,529 shares during the period. Sei Investments Co. owned 2.03% of Ryder System worth $134,351,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sanctuary Advisors LLC raised its stake 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 worth $1,282,000 after acquiring an additional 68 shares in the last quarter. Savant Capital LLC raised its position in Ryder System by 3.6% in the fourth 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 period. Principal Securities Inc. grew its stake in shares of 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 buying an additional 92 shares in the last quarter. MML Investors Services LLC grew its stake 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 worth $303,000 after acquiring an additional 94 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Ryder System by 36.6% in the fourth quarter. UMB Bank n.a. now owns 362 shares of the transportation company's stock valued at $57,000 after buying an additional 97 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their price target 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. StockNews.com downgraded shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday. 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 report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $157.00.

Ryder System Stock Down 0.3 %

NYSE R traded down $0.38 during trading hours on Wednesday, hitting $144.49. 211,963 shares of the company traded hands, compared to its average volume of 281,210. The business's 50-day moving average is $156.46 and its 200-day moving average is $154.97. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 13.03 and a beta of 1.23. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. Ryder System, Inc. has a twelve month low of $106.88 and a twelve month high of $171.78.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings data 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 net margin of 3.87% and a return on equity of 17.23%. Sell-side analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, February 18th were given a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System's payout ratio is currently 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.