61,815 Shares in Ryder System, Inc. (NYSE:R) Bought by Cambridge Financial Group Inc.

Cambridge Financial Group Inc. purchased a new stake in Ryder System, Inc. (NYSE:R) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 61,815 shares of the transportation company’s stock, valued at approximately $9,696,000. Ryder System comprises 4.0% of Cambridge Financial Group Inc.’s investment portfolio, making the stock its 2nd biggest holding.

Other institutional investors have also made changes to their positions in the company. denkapparat Operations GmbH acquired a new position in Ryder System during the 4th quarter valued at $231,000. Pictet Asset Management Holding SA raised its position in shares of Ryder System by 7.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,870 shares of the transportation company’s stock valued at $921,000 after buying an additional 422 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Ryder System in the fourth quarter valued at about $86,000. Norges Bank acquired a new stake in Ryder System during the fourth quarter worth about $97,844,000. Finally, Caisse Des Depots ET Consignations bought a new position in Ryder System during the fourth quarter valued at about $1,682,000. 87.47% of the stock is currently owned by institutional investors.

Ryder System Price Performance

Ryder System stock opened at $140.53 on Friday. The business has a 50 day simple moving average of $155.53 and a 200 day simple moving average of $154.94. Ryder System, Inc. has a one year low of $106.88 and a one year high of $171.78. The company has a market capitalization of $5.87 billion, a PE ratio of 12.67 and a beta of 1.23. 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 (NYSE:R) last issued its earnings results on Wednesday, February 12th. The transportation company reported $3.45 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%. On average, sell-side analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.81 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 annualized dividend and a yield of 2.31%. Ryder System’s dividend payout ratio is 29.22%.

Analyst Upgrades and Downgrades

R has been the subject of a number of research reports. The Goldman Sachs Group raised their price objective on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. reduced their target price on Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Finally, StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

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.