Oppenheimer Asset Management Inc. Grows Stock Holdings in Ryder System, Inc. (NYSE:R)

Oppenheimer Asset Management Inc. raised its stake in shares of Ryder System, Inc. (NYSE:R) by 1.0% in the 4th quarter, Holdings Channel reports. The fund owned 10,968 shares of the transportation company’s stock after acquiring an additional 110 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Ryder System were worth $1,720,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Keystone Financial Group Inc. acquired a new stake in shares of Ryder System in the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new position in Ryder System during the third quarter worth about $34,000. R Squared Ltd acquired a new stake in Ryder System in the fourth quarter valued at about $45,000. Principal Securities Inc. boosted its holdings in Ryder System by 36.5% in the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 92 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Ryder System by 36.6% during the 4th quarter. UMB Bank n.a. now owns 362 shares of the transportation company’s stock worth $57,000 after purchasing an additional 97 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Stock Down 3.6 %

R opened at $158.63 on Tuesday. Ryder System, Inc. has a one year low of $106.88 and a one year high of $171.78. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 14.30 and a beta of 1.29. The business’s fifty day moving average is $160.81 and its two-hundred day moving average is $154.39. 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 issued its quarterly earnings data 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%. Analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently weighed in on R. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price target on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group increased their price target on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Ryder System has a consensus rating of “Moderate Buy” and a consensus target price 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.