Counterpoint Mutual Funds LLC Increases Holdings in Ryder System, Inc. (NYSE:R)

Counterpoint Mutual Funds LLC raised its stake in shares of Ryder System, Inc. (NYSE:R) by 32.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,851 shares of the transportation company’s stock after buying an additional 450 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Ryder System were worth $290,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Corient Private Wealth LLC grew its position in shares of Ryder System by 2.0% during the 4th quarter. Corient Private Wealth LLC now owns 6,994 shares of the transportation company’s stock valued at $1,097,000 after acquiring an additional 135 shares during the period. Natixis Advisors LLC grew its position in shares of Ryder System by 13.8% during the 4th quarter. Natixis Advisors LLC now owns 116,895 shares of the transportation company’s stock valued at $18,336,000 after acquiring an additional 14,139 shares during the period. Thompson Siegel & Walmsley LLC boosted its holdings in Ryder System by 6.9% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 31,121 shares of the transportation company’s stock worth $4,882,000 after buying an additional 2,021 shares during the period. Truvestments Capital LLC boosted its holdings in Ryder System by 3.3% in the 4th quarter. Truvestments Capital LLC now owns 26,617 shares of the transportation company’s stock worth $4,175,000 after buying an additional 858 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in Ryder System by 3.2% in the 4th quarter. HighTower Advisors LLC now owns 7,777 shares of the transportation company’s stock worth $1,220,000 after buying an additional 240 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Stock Down 1.8 %

Shares of R stock opened at $139.52 on Wednesday. The stock has a market cap of $5.87 billion, a P/E ratio of 12.58 and a beta of 1.23. Ryder System, Inc. has a 52 week low of $106.88 and a 52 week high of $171.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The company’s fifty day simple moving average is $158.34 and its two-hundred day simple moving average is $154.90.

Ryder System (NYSE:R) last announced its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.39 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. Analysts predict that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Tuesday, February 18th. Ryder System’s dividend payout ratio (DPR) is currently 29.22%.

Analyst Upgrades and Downgrades

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

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.