Bay Capital Advisors LLC Makes New Investment in Ryder System, Inc. (NYSE:R)

Bay Capital Advisors LLC bought a new stake in Ryder System, Inc. (NYSE:R) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,791 shares of the transportation company’s stock, valued at approximately $281,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Keystone Financial Group Inc. bought a new stake in Ryder System during the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in Ryder System in the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new position in Ryder System during the 3rd quarter valued at $34,000. R Squared Ltd purchased a new position in Ryder System during the 4th quarter worth $45,000. Finally, Principal Securities Inc. grew its stake 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 acquiring an additional 92 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on R shares. The Goldman Sachs Group increased their price target on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Ryder System Price Performance

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

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

Ryder System Announces Dividend

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 was Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.23%. Ryder System’s dividend payout ratio is currently 29.22%.

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.