Ryder System, Inc. (NYSE:R) Shares Bought by NewEdge Wealth LLC

NewEdge Wealth LLC lifted its position in shares of Ryder System, Inc. (NYSE:R) by 8.0% during the fourth quarter, HoldingsChannel reports. The fund owned 202,170 shares of the transportation company’s stock after acquiring an additional 15,034 shares during the quarter. NewEdge Wealth LLC’s holdings in Ryder System were worth $31,712,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in R. Kovitz Investment Group Partners LLC lifted 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 valued at $1,405,000 after acquiring an additional 7,715 shares during the period. James Investment Research Inc. lifted its stake in shares of Ryder System by 32.0% in the fourth quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company’s stock valued at $1,941,000 after purchasing an additional 2,999 shares during the period. Franklin Resources Inc. lifted its stake in shares of Ryder System by 14.3% in the third quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company’s stock valued at $20,724,000 after purchasing an additional 17,074 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Ryder System during the fourth quarter worth about $12,242,000. Finally, Janney Montgomery Scott LLC increased its holdings in Ryder System by 83.0% in the third quarter. Janney Montgomery Scott LLC now owns 9,260 shares of the transportation company’s stock valued at $1,350,000 after buying an additional 4,200 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on R. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. decreased their target price on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group raised their price target on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Ryder System Trading Up 0.3 %

Shares of Ryder System stock opened at $161.23 on Thursday. Ryder System, Inc. has a 1 year low of $106.88 and a 1 year high of $171.78. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The business has a 50 day moving average price of $160.52 and a 200 day moving average price of $153.71. The company has a market capitalization of $6.79 billion, a P/E ratio of 14.54 and a beta of 1.30.

Ryder System (NYSE:R) last released its quarterly 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 return on equity of 17.23% and a net margin of 3.87%. Sell-side analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.81 per share. The ex-dividend date is Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.01%. Ryder System’s dividend payout ratio is currently 29.22%.

About Ryder System

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.