Assenagon Asset Management S.A. Invests $2.35 Million in Ryder System, Inc. (NYSE:R)

Assenagon Asset Management S.A. bought a new stake in Ryder System, Inc. (NYSE:R - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 20,415 shares of the transportation company's stock, valued at approximately $2,349,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CWM LLC grew its stake in shares of Ryder System by 33.9% during the third quarter. CWM LLC now owns 438 shares of the transportation company's stock worth $47,000 after acquiring an additional 111 shares during the last quarter. Buckley Wealth Management LLC grew its stake in shares of Ryder System by 1.1% during the third quarter. Buckley Wealth Management LLC now owns 11,135 shares of the transportation company's stock worth $1,191,000 after acquiring an additional 120 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Ryder System by 1.0% during the third quarter. Thrivent Financial for Lutherans now owns 13,644 shares of the transportation company's stock worth $1,030,000 after acquiring an additional 140 shares during the last quarter. Eqis Capital Management Inc. grew its stake in shares of Ryder System by 3.2% during the first quarter. Eqis Capital Management Inc. now owns 4,854 shares of the transportation company's stock worth $385,000 after acquiring an additional 150 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Ryder System by 1.4% during the third quarter. Arizona State Retirement System now owns 13,237 shares of the transportation company's stock worth $1,416,000 after acquiring an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company's stock.

Insider Activity at Ryder System

In related news, CMO Karen M. Jones sold 7,737 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the completion of the transaction, the chief marketing officer now directly owns 12,396 shares of the company's stock, valued at approximately $1,406,698.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on R. Stephens upped their target price on Ryder System from $110.00 to $113.00 and gave the company an "equal weight" rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. upped their target price on Ryder System from $117.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday, February 15th. StockNews.com lowered Ryder System from a "buy" rating to a "hold" rating in a research report on Thursday, March 28th. Wells Fargo & Company upped their target price on Ryder System from $100.00 to $120.00 and gave the company an "equal weight" rating in a research report on Thursday, February 15th. Finally, Vertical Research lowered Ryder System from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a research report on Wednesday, January 10th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $116.00.

Ryder System Price Performance

Shares of NYSE:R traded down $1.94 during midday trading on Thursday, reaching $117.62. 147,657 shares of the company's stock traded hands, compared to its average volume of 260,108. Ryder System, Inc. has a 1 year low of $76.15 and a 1 year high of $121.58. The company has a market cap of $5.20 billion, a P/E ratio of 13.69 and a beta of 1.40. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.62 and a current ratio of 0.62. The company has a fifty day simple moving average of $114.69 and a two-hundred day simple moving average of $109.42.

Ryder System (NYSE:R - Get Free Report) last announced its earnings results on Wednesday, February 14th. The transportation company reported $2.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.75 by $0.20. Ryder System had a return on equity of 19.68% and a net margin of 3.45%. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the firm posted $3.89 EPS. The business's revenue was down 2.1% on a year-over-year basis. Equities analysts predict that Ryder System, Inc. will post 11.9 EPS for the current fiscal year.

Ryder System Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 20th were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.41%. The ex-dividend date was Friday, February 16th. Ryder System's dividend payout ratio is currently 32.53%.

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.