Ryder System, Inc. (NYSE:R) Shares Acquired by Xponance Inc.

Xponance Inc. increased its position in shares of Ryder System, Inc. (NYSE:R) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,058 shares of the transportation company’s stock after acquiring an additional 392 shares during the quarter. Xponance Inc.’s holdings in Ryder System were worth $793,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealthfront Advisers LLC acquired a new position in shares of Ryder System during the 4th quarter valued at about $314,075,000. FMR LLC grew its holdings in Ryder System by 56.2% in 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 period. Geode Capital Management LLC increased its position in Ryder System by 0.8% during the third quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company’s stock worth $105,397,000 after purchasing an additional 5,860 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Ryder System by 12.6% in 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 purchasing an additional 55,938 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of 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 valued at $62,055,000 after purchasing an additional 289,388 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Stock Performance

Ryder System stock opened at $145.16 on Tuesday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. Ryder System, Inc. has a one year low of $106.88 and a one year high of $171.78. The stock’s 50 day moving average price is $157.13 and its 200 day moving average price is $154.95. The firm has a market capitalization of $6.06 billion, a PE ratio of 13.09 and a beta of 1.23.

Ryder System (NYSE:R) last announced its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share 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%. As a group, sell-side analysts expect that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System’s payout ratio is 29.22%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on R. The Goldman Sachs Group increased their target price on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. Finally, 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 research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.