OLD Mission Capital LLC Takes $2.13 Million Position in Ryder System, Inc. (NYSE:R)

OLD Mission Capital LLC acquired a new stake in Ryder System, Inc. (NYSE:R) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,597 shares of the transportation company’s stock, valued at approximately $2,133,000.

Several other hedge funds also recently bought and sold shares of the company. Keystone Financial Group Inc. purchased a new stake in shares of Ryder System in the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new stake in Ryder System in the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Ryder System in the third quarter valued at approximately $34,000. R Squared Ltd bought a new position in shares of Ryder System in the 4th quarter worth $45,000. Finally, Principal Securities Inc. raised its position in shares of Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after buying an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped 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. The Goldman Sachs Group upped their price objective on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Ryder System presently has an average rating of “Moderate Buy” and an average target price of $157.00.

Ryder System Stock Up 1.8 %

Shares of NYSE:R opened at $146.38 on Wednesday. Ryder System, Inc. has a 12-month low of $106.88 and a 12-month high of $171.78. 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’s 50-day moving average price is $154.72 and its 200-day moving average price is $155.37. The stock has a market capitalization of $6.11 billion, a P/E ratio of 13.20 and a beta of 1.23.

Ryder System (NYSE:R) last announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 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 analysts anticipate 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. Shareholders of record on Tuesday, February 18th were given 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 2.21%. 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.