Paradigm Asset Management Co. LLC Buys New Position in Ryder System, Inc. (NYSE:R)

Paradigm Asset Management Co. LLC purchased a new position in shares of Ryder System, Inc. (NYSE:R) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,200 shares of the transportation company’s stock, valued at approximately $188,000.

Several other hedge funds have also made changes to their positions in R. Jacobs Levy Equity Management Inc. boosted its stake in shares of Ryder System by 212.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company’s stock valued at $62,055,000 after buying an additional 289,388 shares during the period. FMR LLC grew its holdings in shares of Ryder System by 56.2% during the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock worth $113,945,000 after buying an additional 281,052 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Ryder System in the 4th quarter valued at $12,242,000. Allianz Asset Management GmbH increased its stake in shares of Ryder System by 32.5% during the fourth quarter. Allianz Asset Management GmbH now owns 235,879 shares of the transportation company’s stock worth $37,000,000 after acquiring an additional 57,878 shares during the period. Finally, Thompson Siegel & Walmsley LLC purchased a new position in shares of Ryder System during the 3rd quarter worth approximately $4,243,000. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analyst Ratings Changes

R has been the subject of several research reports. StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a report on Monday, February 17th. The Goldman Sachs Group raised 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. Finally, JPMorgan Chase & Co. cut their price objective on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Ryder System Trading Down 0.7 %

NYSE R opened at $164.85 on Friday. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 14.86 and a beta of 1.29. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. Ryder System, Inc. has a one year low of $106.88 and a one year high of $171.78. The company’s 50 day moving average price is $160.53 and its 200 day moving average price is $152.98.

Ryder System (NYSE:R) last posted its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share 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%. On average, sell-side analysts predict that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The business 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. The ex-dividend date is Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.97%. Ryder System’s dividend payout ratio (DPR) is currently 29.22%.

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.