NewEdge Advisors LLC Acquires 1,341 Shares of Ryder System, Inc. (NYSE:R)

NewEdge Advisors LLC raised its holdings in Ryder System, Inc. (NYSE:R) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,064 shares of the transportation company’s stock after buying an additional 1,341 shares during the period. NewEdge Advisors LLC owned about 0.05% of Ryder System worth $3,618,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Keystone Financial Group Inc. purchased a new stake in Ryder System in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Ryder System in the fourth quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Ryder System during the third quarter valued at about $34,000. R Squared Ltd purchased a new position in Ryder System during the fourth quarter worth about $45,000. Finally, Principal Securities Inc. grew its position in Ryder System by 36.5% in the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock worth $54,000 after purchasing an additional 92 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Price Performance

Ryder System stock opened at $138.55 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 business’s 50 day simple moving average is $148.26 and its 200 day simple moving average is $154.63. Ryder System, Inc. has a 12 month low of $108.36 and a 12 month high of $171.78. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 12.49 and a beta of 1.10.

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

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.81 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.34%. Ryder System’s payout ratio is 29.22%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on R. JPMorgan Chase & Co. cut their target price 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. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Ryder System has an average rating of “Moderate Buy” and a consensus 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.