denkapparat Operations GmbH Buys New Holdings in Ryder System, Inc. (NYSE:R)

denkapparat Operations GmbH purchased a new position in shares of Ryder System, Inc. (NYSE:R) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,474 shares of the transportation company’s stock, valued at approximately $231,000.

Other large investors also recently modified their holdings of the company. Kovitz Investment Group Partners LLC lifted its stake in Ryder System by 376.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company’s stock worth $1,405,000 after purchasing an additional 7,715 shares during the last quarter. James Investment Research Inc. lifted its position in shares of Ryder System by 32.0% during the 4th quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company’s stock worth $1,941,000 after buying an additional 2,999 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Ryder System by 14.3% in the 3rd quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company’s stock valued at $20,724,000 after buying an additional 17,074 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Ryder System in the 4th quarter valued at $12,242,000. Finally, Barclays PLC raised its stake in Ryder System by 13.1% during the 3rd quarter. Barclays PLC now owns 28,780 shares of the transportation company’s stock worth $4,196,000 after acquiring an additional 3,344 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Ryder System Stock Down 2.4 %

Ryder System stock opened at $140.53 on Friday. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 12.67 and a beta of 1.23. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The stock has a 50 day moving average of $155.53 and a two-hundred day moving average of $154.94. Ryder System, Inc. has a twelve month low of $106.88 and a twelve month high of $171.78.

Ryder System (NYSE:R) last posted its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 earnings per share 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%. As a group, research analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, February 18th were issued a dividend of $0.81 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.24 annualized dividend and a yield of 2.31%. 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.