Burns Matteson Capital Management LLC Invests $395,000 in Ryder System, Inc. (NYSE:R)

Burns Matteson Capital Management LLC bought a new stake in shares of Ryder System, Inc. (NYSE:R) in the 4th quarter, Holdings Channel.com reports. The firm bought 2,521 shares of the transportation company’s stock, valued at approximately $395,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Keystone Financial Group Inc. purchased a new stake in shares of Ryder System during the fourth quarter worth about $26,000. Wolff Wiese Magana LLC purchased a new stake in Ryder System in the 3rd quarter worth approximately $28,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Ryder System in the 3rd quarter worth approximately $34,000. UMB Bank n.a. increased its stake in shares of Ryder System by 43.2% during the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after buying an additional 80 shares during the period. Finally, R Squared Ltd bought a new position in shares of Ryder System during the fourth quarter valued at approximately $45,000. 87.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on R shares. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. The Goldman Sachs Group boosted their price target on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. cut their price objective on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.43.

Ryder System Trading Up 0.7 %

NYSE:R opened at $157.97 on Monday. Ryder System, Inc. has a one year low of $106.62 and a one year high of $171.78. The company’s 50-day simple moving average is $160.80 and its 200 day simple moving average is $151.17. The firm has a market capitalization of $6.68 billion, a P/E ratio of 14.78 and a beta of 1.29. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.05%. Ryder System’s payout ratio is currently 30.31%.

Ryder System 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.