Ryder System, Inc. (NYSE:R) Shares Purchased by Xponance Inc.

Xponance Inc. raised its stake in shares of Ryder System, Inc. (NYSE:R) by 8.4% during the fourth quarter, HoldingsChannel reports. The fund owned 5,058 shares of the transportation company’s stock after acquiring an additional 392 shares during the quarter. Xponance Inc.’s holdings in Ryder System were worth $793,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of R. Wealthfront Advisers LLC bought a new position in shares of Ryder System during the fourth quarter worth about $314,075,000. FMR LLC lifted its holdings in Ryder System by 56.2% during 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 lifted its holdings in Ryder System by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company’s stock worth $105,397,000 after buying an additional 5,860 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Ryder System by 12.6% in the 4th quarter. Bank of New York Mellon Corp now owns 500,274 shares of the transportation company’s stock worth $78,473,000 after acquiring an additional 55,938 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised 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 in the last quarter. Institutional investors own 87.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on R shares. The Goldman Sachs Group boosted their target price on shares of 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 objective on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Finally, StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $157.00.

Ryder System Trading Up 2.5 %

Ryder System stock opened at $145.16 on Tuesday. 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 $6.06 billion, a price-to-earnings ratio of 13.09 and a beta of 1.23. The firm has a 50-day moving average price of $157.13 and a two-hundred day moving average price of $154.95. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14.

Ryder System (NYSE:R) last announced its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.39 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. Sell-side 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 was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were paid a $0.81 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.23%. Ryder System’s dividend payout ratio is currently 29.22%.

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.