American Century Companies Inc. Boosts Holdings in Ryder System, Inc. (NYSE:R)

American Century Companies Inc. grew its holdings in shares of Ryder System, Inc. (NYSE:R) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 843,895 shares of the transportation company’s stock after acquiring an additional 2,121 shares during the quarter. American Century Companies Inc. owned 2.00% of Ryder System worth $132,373,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Keystone Financial Group Inc. bought a new position in shares of Ryder System in the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. bought a new position in shares of Ryder System in the fourth quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Ryder System in the third quarter worth approximately $34,000. R Squared Ltd bought a new position in shares of Ryder System in the fourth quarter worth approximately $45,000. Finally, Principal Securities Inc. grew its holdings in shares of Ryder System by 36.5% in the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock worth $54,000 after purchasing an additional 92 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Stock Performance

Shares of Ryder System stock opened at $141.70 on Monday. 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 capitalization of $5.91 billion, a P/E ratio of 12.78 and a beta of 1.23. The business has a fifty day simple moving average of $157.35 and a two-hundred day simple moving average of $154.89. Ryder System, Inc. has a 12 month low of $106.88 and a 12 month high of $171.78.

Ryder System (NYSE:R) last announced its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 EPS 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%. On average, equities analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System’s dividend payout ratio is currently 29.22%.

Wall Street Analyst Weigh In

R has been the topic of several recent analyst reports. StockNews.com upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. The Goldman Sachs Group lifted their price target on shares of 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 price target on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

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.