Ryder System, Inc. (NYSE:R) Holdings Increased by Sei Investments Co.

Sei Investments Co. grew its stake in shares of Ryder System, Inc. (NYSE:R) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 856,507 shares of the transportation company’s stock after buying an additional 13,529 shares during the quarter. Sei Investments Co.’s holdings in Ryder System were worth $134,351,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Keystone Financial Group Inc. bought a new stake in shares of Ryder System during the 4th quarter worth about $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Ryder System in the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Ryder System in the 3rd quarter worth approximately $34,000. R Squared Ltd bought a new stake in shares of Ryder System in the 4th quarter worth approximately $45,000. Finally, Principal Securities Inc. raised its holdings in shares of 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.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. The Goldman Sachs Group boosted 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. StockNews.com upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price 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 analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $157.00.

Ryder System Stock Up 0.9 %

R stock opened at $141.70 on Friday. Ryder System, Inc. has a 52-week low of $106.88 and a 52-week high of $171.78. The company’s 50 day simple moving average is $157.35 and its 200-day simple moving average is $154.67. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $5.91 billion, a P/E ratio of 12.78 and a beta of 1.23.

Ryder System (NYSE:R) last released its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities research analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

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

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.