Ryder System, Inc. (NYSE:R) Position Boosted by Fifth Third Bancorp

Fifth Third Bancorp increased its holdings in Ryder System, Inc. (NYSE:RFree Report) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,866 shares of the transportation company’s stock after buying an additional 1,168 shares during the quarter. Fifth Third Bancorp owned about 0.05% of Ryder System worth $2,631,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in Ryder System in the third quarter worth approximately $26,000. Contravisory Investment Management Inc. acquired a new stake in Ryder System in the fourth quarter worth approximately $26,000. Fortis Capital Advisors LLC lifted its position in Ryder System by 2,716.7% in the first quarter. Fortis Capital Advisors LLC now owns 338 shares of the transportation company’s stock worth $30,000 after purchasing an additional 326 shares during the period. CWM LLC lifted its position in Ryder System by 33.9% in the third quarter. CWM LLC now owns 438 shares of the transportation company’s stock worth $47,000 after purchasing an additional 111 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in shares of Ryder System by 406.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 406 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Price Performance

R opened at $118.03 on Wednesday. The stock has a fifty day moving average of $114.58 and a 200-day moving average of $109.35. The firm has a market capitalization of $5.22 billion, a P/E ratio of 13.52 and a beta of 1.40. Ryder System, Inc. has a 12-month low of $76.15 and a 12-month high of $120.93. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.80.

Ryder System (NYSE:RGet Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The transportation company reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $0.20. Ryder System had a net margin of 3.45% and a return on equity of 19.68%. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the business posted $3.89 earnings per share. Ryder System’s revenue for the quarter was down 2.1% compared to the same quarter last year. Equities analysts forecast that Ryder System, Inc. will post 11.9 EPS for the current fiscal year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 20th were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Friday, February 16th. Ryder System’s dividend payout ratio (DPR) is presently 32.53%.

Analysts Set New Price Targets

A number of brokerages have recently commented on R. Wells Fargo & Company increased their price objective on Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Vertical Research downgraded Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research report on Wednesday, January 10th. JPMorgan Chase & Co. increased their price objective on Ryder System from $117.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Stephens increased their price objective on Ryder System from $110.00 to $113.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Finally, StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $116.00.

Read Our Latest Stock Analysis on R

Insider Transactions at Ryder System

In other news, CMO Karen M. Jones sold 7,737 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total value of $877,994.76. Following the transaction, the chief marketing officer now directly owns 12,396 shares of the company’s stock, valued at $1,406,698.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.10% of the stock is currently owned by company insiders.

About Ryder System

(Free Report)

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.

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Institutional Ownership by Quarter for Ryder System (NYSE:R)

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