World Investment Advisors Acquires Shares of 2,236 Ryder System, Inc. (NYSE:R)

World Investment Advisors bought a new stake in Ryder System, Inc. (NYSE:R - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,236 shares of the transportation company's stock, valued at approximately $351,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in R. Wealthfront Advisers LLC acquired a new stake in Ryder System during the 4th quarter worth $314,075,000. Norges Bank bought a new stake in shares of Ryder System in the fourth quarter worth about $97,844,000. Pacific Heights Asset Management LLC raised its position in shares of Ryder System by 125.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 180,000 shares of the transportation company's stock worth $28,235,000 after purchasing an additional 100,000 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Ryder System during the 4th quarter valued at about $12,242,000. Finally, Cambridge Financial Group Inc. acquired a new position in shares of Ryder System in the 4th quarter valued at approximately $9,696,000. Institutional investors own 87.47% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on R. JPMorgan Chase & Co. cut their price target on shares of Ryder System from $176.00 to $174.00 and set a "neutral" rating on the stock 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 report on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $157.00.

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Ryder System Stock Up 1.5 %

Shares of NYSE R traded up $2.06 during midday trading on Monday, reaching $141.17. The company's stock had a trading volume of 18,302 shares, compared to its average volume of 303,778. The stock has a 50 day simple moving average of $150.10 and a 200-day simple moving average of $154.80. 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 capitalization of $5.89 billion, a price-to-earnings ratio of 12.73 and a beta of 1.10. Ryder System, Inc. has a fifty-two week low of $106.88 and a fifty-two week high of $171.78.

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

Ryder System Announces Dividend

The company also recently announced 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. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.30%. 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.