Bailard Inc. Has $809,000 Stock Position in Ryder System, Inc. (NYSE:R)

Bailard Inc. raised its stake in Ryder System, Inc. (NYSE:R) by 3.2% in the fourth quarter, Holdings Channel reports. The fund owned 5,160 shares of the transportation company’s stock after purchasing an additional 160 shares during the quarter. Bailard Inc.’s holdings in Ryder System were worth $809,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised its position in shares of Ryder System by 2,942.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 852 shares of the transportation company’s stock worth $133,000 after acquiring an additional 824 shares during the last quarter. US Bancorp DE grew its position in shares of Ryder System by 2.0% during the 4th quarter. US Bancorp DE now owns 5,836 shares of the transportation company’s stock worth $915,000 after buying an additional 117 shares during the period. QRG Capital Management Inc. increased its stake in Ryder System by 6.3% in the fourth quarter. QRG Capital Management Inc. now owns 19,521 shares of the transportation company’s stock valued at $3,062,000 after purchasing an additional 1,161 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Ryder System in the 4th quarter valued at about $5,142,000. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Ryder System by 1.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 10,968 shares of the transportation company’s stock valued at $1,720,000 after acquiring an additional 110 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price objective 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. The Goldman Sachs Group raised 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. Finally, StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $157.00.

Ryder System Stock Down 3.6 %

R opened at $158.63 on Tuesday. The company has a market cap of $6.68 billion, a P/E ratio of 14.30 and a beta of 1.29. Ryder System, Inc. has a 12 month low of $106.88 and a 12 month high of $171.78. The business’s 50-day moving average price is $160.81 and its 200-day moving average price is $154.39. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14.

Ryder System (NYSE:R) last released its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, beating 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%. On average, equities analysts expect that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be paid a $0.81 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.04%. Ryder System’s payout ratio is currently 29.22%.

About Ryder System

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.