Triad Wealth Partners LLC Acquires Shares of 4,101 Ryder System, Inc. (NYSE:R)

Triad Wealth Partners LLC bought a new stake in shares of Ryder System, Inc. (NYSE:R - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,101 shares of the transportation company's stock, valued at approximately $643,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Keystone Financial Group Inc. purchased a new stake in shares of Ryder System during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Ryder System during the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Ryder System during the third quarter worth about $34,000. R Squared Ltd purchased a new stake in shares of Ryder System during the fourth quarter worth about $45,000. Finally, Principal Securities Inc. increased 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 worth $54,000 after purchasing an additional 92 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Stock Down 2.5 %

Shares of NYSE R traded down $3.85 during mid-day trading on Friday, reaching $150.92. The company had a trading volume of 562,538 shares, compared to its average volume of 363,024. 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 firm has a 50 day simple moving average of $160.56 and a two-hundred day simple moving average of $154.51. The stock has a market cap of $6.35 billion, a P/E ratio of 13.61 and a beta of 1.23. Ryder System, Inc. has a 52-week low of $106.88 and a 52-week high of $171.78.

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Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Tuesday, February 18th. Ryder System's dividend payout ratio (DPR) is presently 29.22%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on R. JPMorgan Chase & Co. dropped their price objective on shares of Ryder System from $176.00 to $174.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. StockNews.com cut shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group upped their price objective on shares of Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. 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, Ryder System currently has an average rating of "Moderate Buy" and an average target price of $157.00.

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.