Caisse Des Depots ET Consignations Buys New Position in Ryder System, Inc. (NYSE:R)

Caisse Des Depots ET Consignations bought a new stake in Ryder System, Inc. (NYSE:R) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,726 shares of the transportation company’s stock, valued at approximately $1,682,000.

Other large investors have also recently bought and sold shares of the company. Wealthfront Advisers LLC acquired a new position in Ryder System during the fourth quarter valued at approximately $314,075,000. 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 buying an additional 289,388 shares during the last quarter. FMR LLC grew 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 valued at $113,945,000 after buying an additional 281,052 shares in the last quarter. Pacific Heights Asset Management LLC increased its holdings in Ryder System by 125.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 180,000 shares of the transportation company’s stock worth $28,235,000 after buying an additional 100,000 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Ryder System during the fourth quarter worth $12,242,000. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Stock Down 0.5 %

Ryder System stock opened at $143.84 on Friday. The company’s 50-day moving average price is $156.03 and its two-hundred day moving average price is $154.89. 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 stock has a market cap of $6.00 billion, a P/E ratio of 12.97 and a beta of 1.23. Ryder System, Inc. has a twelve month low of $106.88 and a twelve month high of $171.78.

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, topping analysts’ consensus estimates of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. As a group, analysts expect that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, February 18th were paid a $0.81 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.25%. Ryder System’s dividend payout ratio (DPR) is presently 29.22%.

Analyst Ratings Changes

R has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective 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. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, The Goldman Sachs Group upped their price objective on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Ryder System has an average rating of “Moderate Buy” and a consensus 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.