OLD Mission Capital LLC Purchases New Shares in Ryder System, Inc. (NYSE:R)

OLD Mission Capital LLC acquired a new stake in shares of Ryder System, Inc. (NYSE:R) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 13,597 shares of the transportation company’s stock, valued at approximately $2,133,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC lifted its stake in shares of Ryder System by 0.9% in the 4th quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company’s stock valued at $1,282,000 after purchasing an additional 68 shares during the period. Savant Capital LLC lifted its position in Ryder System by 3.6% during the fourth quarter. Savant Capital LLC now owns 2,438 shares of the transportation company’s stock valued at $382,000 after buying an additional 84 shares during the period. Principal Securities Inc. boosted its holdings in shares of Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after buying an additional 92 shares in the last quarter. MML Investors Services LLC grew its position in shares of Ryder System by 4.7% in the 3rd quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company’s stock worth $303,000 after buying an additional 94 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Ryder System by 36.6% in the 4th quarter. UMB Bank n.a. now owns 362 shares of the transportation company’s stock worth $57,000 after acquiring an additional 97 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Price Performance

Shares of R opened at $146.38 on Wednesday. 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 $6.11 billion, a P/E ratio of 13.20 and a beta of 1.23. The firm has a 50 day moving average of $154.72 and a 200 day moving average of $155.37. 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 posted its earnings results 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%. As a group, equities research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.21%. The ex-dividend date was Tuesday, February 18th. Ryder System’s dividend payout ratio is currently 29.22%.

Analyst Upgrades and Downgrades

Several research firms recently commented on R. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. cut their price target on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group raised their price objective on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus 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.