1,474 Shares in Ryder System, Inc. (NYSE:R) Purchased by denkapparat Operations GmbH

denkapparat Operations GmbH bought a new position in shares of Ryder System, Inc. (NYSE:R) during the 4th quarter, Holdings Channel reports. The firm bought 1,474 shares of the transportation company’s stock, valued at approximately $231,000.

Other hedge funds also recently added to or reduced their stakes in the company. Keystone Financial Group Inc. acquired a new position in Ryder System during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new position in Ryder System in the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new position in Ryder System in the 3rd quarter valued at about $34,000. R Squared Ltd acquired a new stake in shares of Ryder System during the 4th quarter worth about $45,000. Finally, Principal Securities Inc. grew 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 buying an additional 92 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Trading Down 2.4 %

Shares of R opened at $140.53 on Friday. Ryder System, Inc. has a twelve month low of $106.88 and a twelve month high of $171.78. The firm has a market capitalization of $5.87 billion, a P/E ratio of 12.67 and a beta of 1.23. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The stock’s fifty day simple moving average is $155.53 and its 200 day simple moving average is $154.94.

Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. On average, equities research analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Tuesday, February 18th. Ryder System’s payout ratio is currently 29.22%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on R shares. JPMorgan Chase & Co. reduced their price objective on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group raised their price objective on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Ryder System 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.