Callan Family Office LLC Acquires New Holdings in Ryder System, Inc. (NYSE:R)

Callan Family Office LLC bought a new position in Ryder System, Inc. (NYSE:R) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,132 shares of the transportation company’s stock, valued at approximately $334,000.

Several other hedge funds also recently modified their holdings of the business. Keystone Financial Group Inc. bought a new position in shares of Ryder System in the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. acquired a new position in Ryder System during the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Ryder System in the third quarter valued at approximately $34,000. R Squared Ltd acquired a new stake in shares of Ryder System in the fourth quarter worth $45,000. Finally, Principal Securities Inc. boosted its holdings in shares of Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock worth $54,000 after buying an additional 92 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Wall Street Analyst Weigh In

R has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price 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. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group increased their target price on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Ryder System Stock Down 2.0 %

Shares of R opened at $147.79 on Tuesday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The company has a 50-day simple moving average of $160.22 and a 200-day simple moving average of $154.90. Ryder System, Inc. has a 52 week low of $106.88 and a 52 week high of $171.78. The firm has a market capitalization of $6.22 billion, a P/E ratio of 13.33 and a beta of 1.23.

Ryder System (NYSE:R) last announced its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 EPS 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%. On average, equities research analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently disclosed 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. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Tuesday, February 18th. Ryder System’s dividend payout ratio is 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.