Thrivent Financial for Lutherans Increases Stock Position in Ryder System, Inc. (NYSE:R)

Thrivent Financial for Lutherans grew its position in Ryder System, Inc. (NYSE:R - Free Report) by 70.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,511 shares of the transportation company's stock after buying an additional 7,261 shares during the period. Thrivent Financial for Lutherans' holdings in Ryder System were worth $2,747,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of R. Kovitz Investment Group Partners LLC boosted its holdings in Ryder System by 376.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company's stock worth $1,405,000 after acquiring an additional 7,715 shares in the last quarter. James Investment Research Inc. boosted its stake in Ryder System by 32.0% in the 4th quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company's stock worth $1,941,000 after purchasing an additional 2,999 shares in the last quarter. Franklin Resources Inc. grew its position in Ryder System by 14.3% during the 3rd quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company's stock worth $20,724,000 after purchasing an additional 17,074 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Ryder System during the 4th quarter valued at approximately $12,242,000. Finally, Barclays PLC raised its holdings in shares of Ryder System by 13.1% in the third quarter. Barclays PLC now owns 28,780 shares of the transportation company's stock worth $4,196,000 after buying an additional 3,344 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company's stock.

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Ryder System Stock Up 2.5 %

Ryder System stock traded up $3.46 during mid-day trading on Monday, hitting $143.96. The company had a trading volume of 517,232 shares, compared to its average volume of 292,712. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 12.98 and a beta of 1.23. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System, Inc. has a 1 year low of $106.88 and a 1 year high of $171.78. The business has a fifty day moving average of $155.10 and a 200 day moving average of $155.31.

Ryder System (NYSE:R - Get Free Report) last announced 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%. On average, sell-side analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, February 18th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Tuesday, February 18th. Ryder System's dividend payout ratio is presently 29.22%.

Analyst Ratings Changes

A number of analysts have commented on R shares. JPMorgan Chase & Co. lowered their price target 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. The Goldman Sachs Group lifted their price target on Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Finally, StockNews.com cut shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Ryder System has a consensus rating of "Moderate Buy" and an average price target of $157.00.

Ryder System Company 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.