Ameriprise Financial Inc. Has $22.08 Million Stock Position in Ryder System, Inc. (NYSE:R)

Ameriprise Financial Inc. raised its position in Ryder System, Inc. (NYSE:R - Free Report) by 98.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 140,758 shares of the transportation company's stock after purchasing an additional 69,937 shares during the period. Ameriprise Financial Inc. owned about 0.33% of Ryder System worth $22,079,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. James Investment Research Inc. lifted its position in shares of 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 in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Ryder System in the fourth quarter valued at $12,242,000. Barclays PLC lifted its position in shares of Ryder System by 13.1% in the third quarter. Barclays PLC now owns 28,780 shares of the transportation company's stock valued at $4,196,000 after acquiring an additional 3,344 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Ryder System by 2.8% in the fourth quarter. JPMorgan Chase & Co. now owns 149,415 shares of the transportation company's stock valued at $23,437,000 after acquiring an additional 4,062 shares in the last quarter. Finally, Truist Financial Corp lifted its position in shares of Ryder System by 1.0% in the fourth quarter. Truist Financial Corp now owns 14,586 shares of the transportation company's stock valued at $2,288,000 after acquiring an additional 142 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Insider Activity

In other news, Director E Follin Smith sold 1,243 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $144.38, for a total transaction of $179,464.34. Following the completion of the sale, the director now directly owns 39,802 shares of the company's stock, valued at $5,746,612.76. This trade represents a 3.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.20% of the stock is owned by insiders.

Ryder System Stock Performance

R traded up $0.94 during trading hours on Friday, hitting $158.46. The company's stock had a trading volume of 297,059 shares, compared to its average volume of 317,603. Ryder System, Inc. has a fifty-two week low of $116.58 and a fifty-two week 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 firm has a market capitalization of $6.55 billion, a PE ratio of 14.29 and a beta of 0.94. The company has a 50-day simple moving average of $142.10 and a 200 day simple moving average of $154.27.

Ryder System (NYSE:R - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.40 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The firm had revenue of $3.13 billion for the quarter, compared to analysts' expectations of $3.17 billion. During the same period last year, the firm earned $2.14 EPS. The firm's revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts expect that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 19th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Monday, May 19th. Ryder System's dividend payout ratio (DPR) is presently 28.25%.

Analysts Set New Price Targets

Several equities analysts recently commented on R shares. JPMorgan Chase & Co. dropped their target price on Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Finally, Stephens reduced their target price on Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Ryder System has an average rating of "Moderate Buy" and an average price target of $160.50.

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.