Proficio Capital Partners LLC Buys New Shares in Ryder System, Inc. (NYSE:R)

Proficio Capital Partners LLC bought a new position in shares of Ryder System, Inc. (NYSE:R) during the 4th quarter, Holdings Channel reports. The institutional investor bought 32,784 shares of the transportation company’s stock, valued at approximately $5,142,000.

A number of other hedge funds have also recently bought and sold shares of R. Kovitz Investment Group Partners LLC boosted its holdings in shares of Ryder System by 376.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company’s stock valued at $1,405,000 after buying an additional 7,715 shares during the last quarter. James Investment Research Inc. lifted its stake in Ryder System by 32.0% in the fourth quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company’s stock valued at $1,941,000 after acquiring an additional 2,999 shares during the last quarter. Franklin Resources Inc. grew its position 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 acquiring an additional 17,074 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Ryder System in the 4th quarter valued at about $12,242,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of Ryder System by 83.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 9,260 shares of the transportation company’s stock worth $1,350,000 after purchasing an additional 4,200 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors.

Ryder System Stock Performance

NYSE:R opened at $158.63 on Tuesday. 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 simple moving average of $160.81 and a 200 day simple moving average of $154.39. Ryder System, Inc. has a 1-year low of $106.88 and a 1-year high of $171.78. The stock has a market cap of $6.68 billion, a P/E ratio of 14.30 and a beta of 1.29.

Ryder System (NYSE:R) last announced its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (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 anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.81 per share. The ex-dividend date is Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.04%. Ryder System’s dividend payout ratio is presently 29.22%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. The Goldman Sachs Group lifted their price target on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. reduced their target price on Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Finally, StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Three equities 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 currently has an average rating of “Moderate Buy” and an average target price of $157.00.

Ryder System Company 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.