11,400 Shares in Ryder System, Inc. (NYSE:R) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in Ryder System, Inc. (NYSE:R) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 11,400 shares of the transportation company’s stock, valued at approximately $1,788,000.

A number of other hedge funds have also recently made changes to their positions in the company. Sei Investments Co. boosted its position in shares of Ryder System by 1.6% during the 4th quarter. Sei Investments Co. now owns 856,507 shares of the transportation company’s stock valued at $134,351,000 after acquiring an additional 13,529 shares during the last quarter. American Century Companies Inc. raised its stake in Ryder System by 0.3% in the fourth quarter. American Century Companies Inc. now owns 843,895 shares of the transportation company’s stock valued at $132,373,000 after purchasing an additional 2,121 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Ryder System by 2.5% during the fourth quarter. Teacher Retirement System of Texas now owns 19,446 shares of the transportation company’s stock valued at $3,050,000 after purchasing an additional 466 shares during the last quarter. WIM INVESTMENT MANAGEMENT Ltd grew its stake in Ryder System by 602.0% in the 4th quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 35,100 shares of the transportation company’s stock worth $5,506,000 after buying an additional 30,100 shares in the last quarter. Finally, Xponance Inc. increased its holdings in shares of Ryder System by 8.4% in the 4th quarter. Xponance Inc. now owns 5,058 shares of the transportation company’s stock worth $793,000 after buying an additional 392 shares during the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. The Goldman Sachs Group raised their price target on 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 cut Ryder System from a “buy” rating to a “hold” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Ryder System has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Ryder System Stock Performance

Ryder System stock opened at $143.84 on Friday. The firm has a fifty day simple moving average of $156.03 and a two-hundred day simple moving average of $154.89. Ryder System, Inc. has a twelve month low of $106.88 and a twelve month high of $171.78. The company has a market capitalization of $6.00 billion, a PE ratio of 12.97 and a beta of 1.23. 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 issued its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share for the quarter, beating 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%. Research analysts expect 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. Investors of record on Tuesday, February 18th were paid a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System’s payout ratio is 29.22%.

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.