Avantax Advisory Services Inc. Has $270,000 Holdings in Ryder System, Inc. (NYSE:R)

Avantax Advisory Services Inc. trimmed its holdings in Ryder System, Inc. (NYSE:R) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,724 shares of the transportation company’s stock after selling 181 shares during the period. Avantax Advisory Services Inc.’s holdings in Ryder System were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Keystone Financial Group Inc. acquired a new stake in shares of Ryder System during the fourth quarter worth $26,000. SBI Securities Co. Ltd. bought a new position in Ryder System during the 4th quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Ryder System in the third quarter valued at about $34,000. R Squared Ltd bought a new position in shares of Ryder System during the fourth quarter worth about $45,000. Finally, Principal Securities Inc. raised its position in Ryder System by 36.5% in the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after buying an additional 92 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

R has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price target 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. The Goldman Sachs Group raised their target price 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, StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Ryder System Price Performance

Shares of NYSE R opened at $144.98 on Wednesday. Ryder System, Inc. has a twelve month low of $106.88 and a twelve month high of $171.78. The company has a market cap of $6.05 billion, a PE ratio of 13.07 and a beta of 1.23. The business’s 50 day moving average price is $156.84 and its two-hundred day moving average price is $155.04. 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 EPS for the quarter, topping 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, analysts predict 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 was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System’s 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.