Thompson Siegel & Walmsley LLC raised its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 6.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,121 shares of the transportation company's stock after buying an additional 2,021 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.07% of Ryder System worth $4,882,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Sanctuary Advisors LLC raised its position in Ryder System by 0.9% during 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 during the period. Savant Capital LLC grew its stake in 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 acquiring an additional 84 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of 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 purchasing an additional 92 shares during the period. MML Investors Services LLC lifted its position 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 purchasing an additional 94 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Ryder System by 36.6% during the fourth 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 period. 87.47% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Ryder System from $160.00 to $183.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. reduced their price objective on Ryder System from $176.00 to $174.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Finally, StockNews.com lowered Ryder System from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Ryder System presently has an average rating of "Moderate Buy" and an average target price of $157.00.
Check Out Our Latest Stock Analysis on Ryder System
Ryder System Stock Down 1.8 %
Ryder System stock traded down $2.53 during mid-day trading on Tuesday, hitting $139.52. 354,397 shares of the company's stock were exchanged, compared to its average volume of 278,155. Ryder System, Inc. has a 1-year low of $106.88 and a 1-year high of $171.78. The stock has a 50 day moving average of $158.70 and a two-hundred day moving average of $154.94. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The stock has a market cap of $5.87 billion, a P/E ratio of 12.58 and a beta of 1.23.
Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data 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%. As a group, analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.
Ryder System Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Tuesday, February 18th. Ryder System's payout ratio is 29.22%.
Ryder System Company Profile
(
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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