Triad Wealth Partners LLC Makes New Investment in Ryder System, Inc. (NYSE:R)

Triad Wealth Partners LLC bought a new stake in shares of Ryder System, Inc. (NYSE:R) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,101 shares of the transportation company’s stock, valued at approximately $643,000.

Other large investors have also recently made changes to their positions in the company. Keystone Financial Group Inc. acquired a new stake in Ryder System in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Ryder System during the 4th quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Ryder System in the 3rd quarter valued at $34,000. R Squared Ltd purchased a new stake in Ryder System in the 4th quarter worth $45,000. Finally, Principal Securities Inc. raised its position in 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 acquiring an additional 92 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented 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 stock a “buy” rating in a research note on Thursday, December 12th. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price objective 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Ryder System Price Performance

NYSE:R opened at $153.29 on Wednesday. The stock has a 50 day moving average price of $160.71 and a 200 day moving average price of $154.50. The stock has a market cap of $6.45 billion, a PE ratio of 13.82 and a beta of 1.23. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. Ryder System, Inc. has a one year low of $106.88 and a one year high of $171.78.

Ryder System (NYSE:R) last posted its quarterly 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 return on equity of 17.23% and a net margin of 3.87%. Equities research analysts expect 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 will be paid on Friday, March 21st. Stockholders 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 dividend yield of 2.11%. Ryder System’s dividend payout ratio (DPR) is 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.