WIM INVESTMENT MANAGEMENT Ltd Buys 30,100 Shares of Ryder System, Inc. (NYSE:R)

WIM INVESTMENT MANAGEMENT Ltd raised its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 602.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,100 shares of the transportation company's stock after purchasing an additional 30,100 shares during the period. Ryder System makes up approximately 1.9% of WIM INVESTMENT MANAGEMENT Ltd's investment portfolio, making the stock its 9th biggest position. WIM INVESTMENT MANAGEMENT Ltd owned 0.08% of Ryder System worth $5,506,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in R. Atria Investments Inc raised its stake in Ryder System by 3.5% during the third quarter. Atria Investments Inc now owns 3,759 shares of the transportation company's stock worth $548,000 after acquiring an additional 126 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in Ryder System during the 3rd quarter worth approximately $396,000. KBC Group NV lifted its stake in Ryder System by 21.9% in the 3rd quarter. KBC Group NV now owns 1,232 shares of the transportation company's stock valued at $180,000 after purchasing an additional 221 shares during the last quarter. Natixis Advisors LLC boosted its position in Ryder System by 15.2% in the third quarter. Natixis Advisors LLC now owns 102,756 shares of the transportation company's stock valued at $14,982,000 after buying an additional 13,586 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Ryder System during the third quarter worth $550,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research firms recently weighed in on R. JPMorgan Chase & Co. cut their price objective on Ryder System from $176.00 to $174.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. StockNews.com upgraded Ryder System from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, The Goldman Sachs Group boosted their price target on Ryder System from $160.00 to $183.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $157.00.

Ryder System Trading Up 0.9 %

R traded up $1.24 during midday trading on Friday, hitting $141.70. 623,993 shares of the company were exchanged, compared to its average volume of 280,401. The firm has a market capitalization of $5.91 billion, a P/E ratio of 12.78 and a beta of 1.23. The firm's 50 day moving average price is $157.35 and its 200-day moving average price is $154.78. 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.

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 for the quarter, topping 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%. As a group, equities analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, February 18th were given a dividend of $0.81 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.29%. Ryder System's payout ratio is 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.