Modera Wealth Management LLC Grows Position in Ryder System, Inc. (NYSE:R)

Modera Wealth Management LLC grew its holdings in shares of Ryder System, Inc. (NYSE:R) by 25.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,282 shares of the transportation company’s stock after purchasing an additional 463 shares during the period. Modera Wealth Management LLC’s holdings in Ryder System were worth $358,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FMR LLC lifted its position in Ryder System by 56.2% during the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock valued at $113,945,000 after purchasing an additional 281,052 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Ryder System by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company’s stock worth $105,397,000 after buying an additional 5,860 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Ryder System by 12.6% during the 4th quarter. Bank of New York Mellon Corp now owns 500,274 shares of the transportation company’s stock valued at $78,473,000 after buying an additional 55,938 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Ryder System by 212.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company’s stock worth $62,055,000 after acquiring an additional 289,388 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Ryder System by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 398,837 shares of the transportation company’s stock worth $58,150,000 after acquiring an additional 1,946 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on R shares. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. 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 report on Thursday, December 12th. Finally, JPMorgan Chase & Co. cut their target price 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Ryder System presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Ryder System Stock Down 3.4 %

R opened at $153.29 on Wednesday. Ryder System, Inc. has a 12 month low of $106.88 and a 12 month high of $171.78. 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 business’s 50-day moving average price is $160.71 and its 200-day moving average price is $154.50. The company has a market cap of $6.45 billion, a P/E ratio of 13.82 and a beta of 1.29.

Ryder System (NYSE:R) last announced its quarterly 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%. On average, equities analysts expect that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.81 per share. The ex-dividend date is Tuesday, February 18th. This represents a $3.24 annualized dividend and a yield of 2.11%. Ryder System’s payout ratio is currently 29.22%.

About Ryder System

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.