Savant Capital LLC Increases Holdings in Ryder System, Inc. (NYSE:R)

Savant Capital LLC boosted its stake in shares of Ryder System, Inc. (NYSE:R) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,438 shares of the transportation company’s stock after acquiring an additional 84 shares during the quarter. Savant Capital LLC’s holdings in Ryder System were worth $382,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in R. FMR LLC grew its stake in Ryder System by 56.2% in the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock worth $113,945,000 after purchasing an additional 281,052 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Ryder System by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company’s stock valued at $105,397,000 after acquiring an additional 5,860 shares during the period. Jacobs Levy Equity Management Inc. grew 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 during the period. Charles Schwab Investment Management Inc. increased its stake in Ryder System by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 398,837 shares of the transportation company’s stock worth $58,150,000 after buying an additional 1,946 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Ryder System by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 145,353 shares of the transportation company’s stock worth $21,192,000 after buying an additional 10,446 shares in the last quarter. 87.47% of the stock is owned by institutional investors.

Ryder System Trading Up 3.3 %

Shares of NYSE:R opened at $166.37 on Tuesday. The company has a 50 day moving average of $160.34 and a 200-day moving average of $152.26. The firm has a market cap of $7.04 billion, a P/E ratio of 15.56 and a beta of 1.29. Ryder System, Inc. has a twelve month low of $106.62 and a twelve month high of $171.78. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17.

Ryder System (NYSE:R) last released its quarterly 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 3.83% and a return on equity of 16.78%. As a group, analysts anticipate that Ryder System, Inc. will post 12 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Tuesday, February 18th. Ryder System’s dividend payout ratio is currently 30.31%.

Analyst Ratings Changes

A number of research firms recently commented on R. StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Monday. JPMorgan Chase & Co. decreased their price objective on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group raised their price objective 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $157.00.

Ryder System Company 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.