Ryder System, Inc. (NYSE:R) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC lifted its position in Ryder System, Inc. (NYSE:R) by 3.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,777 shares of the transportation company’s stock after buying an additional 240 shares during the period. HighTower Advisors LLC’s holdings in Ryder System were worth $1,220,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Keystone Financial Group Inc. acquired a new position in shares of Ryder System in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Ryder System in the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Ryder System during the third quarter valued at $34,000. R Squared Ltd acquired a new position in Ryder System during the fourth quarter valued at $45,000. Finally, Principal Securities Inc. boosted its holdings in shares of Ryder System by 36.5% during the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock worth $54,000 after purchasing 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

Several brokerages recently commented on R. JPMorgan Chase & Co. lowered their price target on Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, The Goldman Sachs Group lifted their price objective on Ryder System from $160.00 to $183.00 and gave the stock 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Ryder System Stock Down 0.1 %

Shares of R opened at $144.98 on Wednesday. The company has a market capitalization of $6.05 billion, a P/E ratio of 13.07 and a beta of 1.23. Ryder System, Inc. has a one year low of $106.88 and a one year high of $171.78. The business’s 50 day simple moving average is $156.84 and its 200-day simple moving average is $155.04. 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 posted its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. As a group, sell-side analysts predict that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were issued a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Tuesday, February 18th. Ryder System’s dividend payout ratio (DPR) 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.