Allianz Asset Management GmbH Raises Stake in Ryder System, Inc. (NYSE:R)

Allianz Asset Management GmbH increased its holdings in Ryder System, Inc. (NYSE:R) by 32.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 235,879 shares of the transportation company’s stock after buying an additional 57,878 shares during the quarter. Allianz Asset Management GmbH owned about 0.56% of Ryder System worth $37,000,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. FMR LLC lifted its holdings in shares of Ryder System by 56.2% in the 3rd quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock valued at $113,945,000 after buying an additional 281,052 shares during the period. Geode Capital Management LLC lifted its holdings in Ryder System by 0.8% in the third quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company’s stock valued at $105,397,000 after acquiring an additional 5,860 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in Ryder System by 212.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company’s stock valued at $62,055,000 after acquiring an additional 289,388 shares during the period. Charles Schwab Investment Management Inc. boosted 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. Finally, JPMorgan Chase & Co. grew its stake in shares of Ryder System by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 145,353 shares of the transportation company’s stock worth $21,192,000 after purchasing an additional 10,446 shares during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Stock Performance

NYSE:R opened at $164.85 on Monday. The stock has a market capitalization of $6.94 billion, a PE ratio of 14.86 and a beta of 1.29. Ryder System, Inc. has a fifty-two week low of $106.88 and a fifty-two week high of $171.78. The company has a fifty day moving average of $160.53 and a two-hundred day moving average of $153.28. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75.

Ryder System (NYSE:R) last announced 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 return on equity of 17.23% and a net margin of 3.87%. As a group, research analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal 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 $0.81 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 1.97%. Ryder System’s dividend payout ratio is presently 29.22%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on R shares. StockNews.com upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. The Goldman Sachs Group upped their price objective on shares of Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. dropped their target price on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

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.