Burns Matteson Capital Management LLC Purchases New Stake in Ryder System, Inc. (NYSE:R)

Burns Matteson Capital Management LLC acquired a new position in Ryder System, Inc. (NYSE:R) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,521 shares of the transportation company’s stock, valued at approximately $395,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in R. Jacobs Levy Equity Management Inc. increased its holdings in Ryder System by 212.4% in 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. FMR LLC increased its stake in shares of Ryder System by 56.2% in the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock worth $113,945,000 after purchasing an additional 281,052 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Ryder System in the fourth quarter valued at approximately $12,242,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Ryder System during the 3rd quarter valued at approximately $4,243,000. Finally, Franklin Resources Inc. grew its stake in Ryder System by 14.3% in the 3rd quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company’s stock valued at $20,724,000 after buying an additional 17,074 shares in the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Stock Up 0.7 %

Shares of NYSE R opened at $157.97 on Monday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. The business has a 50-day moving average of $160.80 and a 200-day moving average of $151.17. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 14.78 and a beta of 1.29. Ryder System, Inc. has a 12 month low of $106.62 and a 12 month high of $171.78.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.05%. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

Wall Street Analysts Forecast Growth

R has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price target on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, October 25th. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group increased their price target on shares of Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Ryder System presently has an average rating of “Moderate Buy” and a consensus price target of $147.43.

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.