Modera Wealth Management LLC Acquires 463 Shares of Ryder System, Inc. (NYSE:R)

Modera Wealth Management LLC increased its holdings in shares of Ryder System, Inc. (NYSE:R) by 25.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,282 shares of the transportation company’s stock after acquiring an additional 463 shares during the quarter. Modera Wealth Management LLC’s holdings in Ryder System were worth $358,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Ryder System by 56.2% in the 3rd 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. Geode Capital Management LLC raised its position in Ryder System by 0.8% in the third quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company’s stock worth $105,397,000 after acquiring an additional 5,860 shares during the period. Bank of New York Mellon Corp boosted its stake in Ryder System by 12.6% in the fourth quarter. Bank of New York Mellon Corp now owns 500,274 shares of the transportation company’s stock valued at $78,473,000 after acquiring an additional 55,938 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Ryder System by 212.4% during 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 acquiring an additional 289,388 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Ryder System by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 398,837 shares of the transportation company’s stock worth $58,150,000 after purchasing an additional 1,946 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on R shares. The Goldman Sachs Group upped their price objective on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. dropped their price target 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, StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Ryder System Price Performance

Ryder System stock opened at $153.29 on Wednesday. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. Ryder System, Inc. has a one year low of $106.88 and a one year high of $171.78. The firm has a market capitalization of $6.45 billion, a P/E ratio of 13.82 and a beta of 1.29. The business has a fifty day moving average price of $160.71 and a 200-day moving average price of $154.50.

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

Ryder System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Tuesday, February 18th. Ryder System’s dividend payout ratio is presently 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.