Ryder System, Inc. (NYSE:R) Stock Position Lifted by Private Advisor Group LLC

Private Advisor Group LLC grew its position in Ryder System, Inc. (NYSE:R) by 6.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,961 shares of the transportation company’s stock after acquiring an additional 1,021 shares during the quarter. Private Advisor Group LLC’s holdings in Ryder System were worth $2,504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in R. Convergence Investment Partners LLC acquired a new position in Ryder System in the fourth quarter valued at approximately $507,000. New York State Common Retirement Fund boosted its position in Ryder System by 1.1% during the 4th quarter. New York State Common Retirement Fund now owns 26,963 shares of the transportation company’s stock valued at $4,229,000 after purchasing an additional 297 shares during the period. Truist Financial Corp boosted its position in Ryder System by 1.0% during the 4th quarter. Truist Financial Corp now owns 14,586 shares of the transportation company’s stock valued at $2,288,000 after purchasing an additional 142 shares during the period. CIBC Asset Management Inc bought a new position in Ryder System during the 4th quarter worth $215,000. Finally, Sanctuary Advisors LLC increased its position in Ryder System by 0.9% in the fourth quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company’s stock worth $1,282,000 after buying an additional 68 shares during the period. 87.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on R shares. JPMorgan Chase & Co. lowered their price target on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a report on Monday, February 17th. Finally, The Goldman Sachs Group increased 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Ryder System Trading Down 3.2 %

Shares of NYSE:R opened at $159.70 on Tuesday. The company has a 50 day moving average of $160.44 and a 200-day moving average of $153.47. 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 firm has a market cap of $6.72 billion, a P/E ratio of 14.40 and a beta of 1.30. Ryder System, Inc. has a twelve month low of $106.88 and a twelve month high of $171.78.

Ryder System (NYSE:R) last released its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share 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, analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.03%. Ryder System’s dividend payout ratio (DPR) 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.