Capstone Investment Advisors LLC Buys Shares of 20,739 Ryder System, Inc. (NYSE:R)

Capstone Investment Advisors LLC purchased a new position in shares of Ryder System, Inc. (NYSE:R - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 20,739 shares of the transportation company's stock, valued at approximately $3,253,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC lifted its stake in 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 buying an additional 3,344 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Ryder System during the 3rd quarter valued at $34,000. Franklin Resources Inc. boosted its stake in Ryder System by 14.3% during the third quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company's stock worth $20,724,000 after acquiring an additional 17,074 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Ryder System by 7.7% in the third 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. Finally, GAMMA Investing LLC grew its holdings in Ryder System by 27.3% in the fourth quarter. GAMMA Investing LLC now owns 901 shares of the transportation company's stock worth $141,000 after purchasing an additional 193 shares during the period. Institutional investors and hedge funds own 87.47% of the company's stock.

Analyst Ratings Changes

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

Ryder System Price Performance

Shares of NYSE:R opened at $144.82 on Monday. Ryder System, Inc. has a 1-year low of $116.58 and a 1-year 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 has a market cap of $5.99 billion, a PE ratio of 13.06 and a beta of 0.94. The stock's fifty day simple moving average is $142.95 and its two-hundred day simple moving average is $153.90.

Ryder System (NYSE:R - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (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 during the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the firm posted $2.14 EPS. The business's revenue was up 1.1% compared to the same quarter last year. As a group, analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, February 18th were issued a $0.81 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.24%. Ryder System's dividend payout ratio (DPR) is presently 28.25%.

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.

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