KLP Kapitalforvaltning AS Buys New Position in Ryder System, Inc. (NYSE:R)

KLP Kapitalforvaltning AS acquired a new position in shares of Ryder System, Inc. (NYSE:R) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,400 shares of the transportation company’s stock, valued at approximately $1,788,000.

Several other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in Ryder System by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 398,837 shares of the transportation company’s stock worth $58,150,000 after purchasing an additional 1,946 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Ryder System in the third quarter valued at approximately $219,000. FMR LLC increased its position in shares of Ryder System by 56.2% during the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock valued at $113,945,000 after acquiring an additional 281,052 shares during the last quarter. Paloma Partners Management Co bought a new stake in Ryder System during the third quarter worth $310,000. Finally, HighTower Advisors LLC boosted its position in Ryder System by 4.7% in the third quarter. HighTower Advisors LLC now owns 7,537 shares of the transportation company’s stock worth $1,089,000 after purchasing an additional 339 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on R shares. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday. 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 report on Thursday, February 13th. Finally, The Goldman Sachs Group boosted their target price on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Ryder System has an average rating of “Moderate Buy” and an average target price of $157.00.

Ryder System Price Performance

NYSE R opened at $143.84 on Friday. 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 company has a market cap of $6.00 billion, a PE ratio of 12.97 and a beta of 1.23. Ryder System, Inc. has a 52 week low of $106.88 and a 52 week high of $171.78. The firm’s 50-day simple moving average is $156.03 and its two-hundred day simple moving average is $154.89.

Ryder System (NYSE:R) last announced 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 net margin of 3.87% and a return on equity of 17.23%. Research analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

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