Natixis Advisors LLC Grows Stock Holdings in Ryder System, Inc. (NYSE:R)

Natixis Advisors LLC raised its position in shares of Ryder System, Inc. (NYSE:R) by 13.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,895 shares of the transportation company’s stock after buying an additional 14,139 shares during the period. Natixis Advisors LLC owned about 0.28% of Ryder System worth $18,336,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of R. Keystone Financial Group Inc. acquired a new stake in shares of Ryder System in the fourth quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Ryder System in the fourth quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ryder System in the third quarter valued at $34,000. R Squared Ltd acquired a new stake in shares of Ryder System in the fourth quarter valued at $45,000. Finally, Principal Securities Inc. raised its stake in shares of Ryder System by 36.5% in the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 92 shares in the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. cut their price target on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group raised their price target on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Ryder System Stock Performance

NYSE R opened at $139.52 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System, Inc. has a 52-week low of $106.88 and a 52-week high of $171.78. The business’s 50-day moving average price is $158.34 and its 200 day moving average price is $154.90. The firm has a market cap of $5.87 billion, a P/E ratio of 12.58 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, 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%. On average, equities research analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

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 issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Tuesday, February 18th. 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.