Earnest Partners LLC Boosts Position in Ryder System, Inc. (NYSE:R)

Earnest Partners LLC grew its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,905,223 shares of the transportation company's stock after purchasing an additional 45,393 shares during the quarter. Ryder System comprises about 1.3% of Earnest Partners LLC's portfolio, making the stock its 12th biggest holding. Earnest Partners LLC owned about 4.51% of Ryder System worth $298,853,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in R. Sanctuary Advisors LLC lifted its position in shares of Ryder System by 0.9% in the 4th quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company's stock worth $1,282,000 after purchasing an additional 68 shares during the period. Savant Capital LLC boosted its stake in Ryder System by 3.6% during the 4th quarter. Savant Capital LLC now owns 2,438 shares of the transportation company's stock valued at $382,000 after purchasing an additional 84 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Ryder System by 36.5% in the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after acquiring an additional 92 shares in the last quarter. UMB Bank n.a. increased its position in shares of Ryder System by 36.6% during the 4th quarter. UMB Bank n.a. now owns 362 shares of the transportation company's stock valued at $57,000 after purchasing an additional 97 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in Ryder System by 1.3% in the fourth quarter. Handelsbanken Fonder AB now owns 7,726 shares of the transportation company's stock valued at $1,212,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Ryder System Stock Performance

NYSE:R traded down $0.37 during mid-day trading on Wednesday, hitting $137.45. The company's stock had a trading volume of 580,312 shares, compared to its average volume of 308,463. Ryder System, Inc. has a 1 year low of $116.58 and a 1 year high of $171.78. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 12.39 and a beta of 1.10. The business's fifty day moving average is $144.23 and its two-hundred day moving average is $154.10.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the firm earned $2.14 EPS. The company's revenue for the quarter was up 1.1% on a year-over-year basis. Analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were given a dividend of $0.81 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.36%. Ryder System's dividend payout ratio is currently 28.25%.

Analyst Upgrades and Downgrades

R has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. StockNews.com lowered shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Finally, Stephens lowered their price objective on shares of 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. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus 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.