Ryder System, Inc. (NYSE:R) Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its holdings in Ryder System, Inc. (NYSE:R) by 32.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 235,879 shares of the transportation company’s stock after purchasing an additional 57,878 shares during the quarter. Allianz Asset Management GmbH’s holdings in Ryder System were worth $37,000,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of R. FMR LLC increased its stake in shares of Ryder System by 56.2% during the third 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 period. Geode Capital Management LLC raised its stake 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 acquiring an additional 5,860 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Ryder System by 212.4% in 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 purchasing an additional 289,388 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ryder System by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 398,837 shares of the transportation company’s stock valued at $58,150,000 after acquiring an additional 1,946 shares during the period. Finally, JPMorgan Chase & Co. boosted 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 purchasing an additional 10,446 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Price Performance

Ryder System stock opened at $164.85 on Monday. The stock has a market capitalization of $6.94 billion, a P/E ratio of 14.86 and a beta of 1.29. Ryder System, Inc. has a 12-month low of $106.88 and a 12-month high of $171.78. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The firm’s 50-day moving average is $160.53 and its two-hundred day moving average is $153.28.

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, topping 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%. Equities analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The firm also recently announced 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. The ex-dividend date is Tuesday, February 18th. This represents a $3.24 annualized dividend and a yield of 1.97%. Ryder System’s payout ratio is currently 29.22%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on 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. lowered their price target on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Finally, StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $157.00.

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.