Raymond James & Associates Has $2.38 Million Stock Position in Ryder System, Inc. (NYSE:R)

Raymond James & Associates lifted its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 48.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,700 shares of the transportation company's stock after acquiring an additional 6,757 shares during the quarter. Raymond James & Associates' holdings in Ryder System were worth $2,382,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Headlands Technologies LLC bought a new stake in Ryder System in the third quarter valued at about $26,000. Contravisory Investment Management Inc. bought a new stake in Ryder System in the fourth quarter valued at about $26,000. Fortis Capital Advisors LLC increased its holdings in Ryder System by 2,716.7% in the first quarter. Fortis Capital Advisors LLC now owns 338 shares of the transportation company's stock valued at $30,000 after buying an additional 326 shares during the last quarter. CWM LLC increased its holdings in Ryder System by 33.9% in the third quarter. CWM LLC now owns 438 shares of the transportation company's stock valued at $47,000 after buying an additional 111 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Ryder System by 406.0% in the third quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company's stock valued at $54,000 after buying an additional 406 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Vertical Research lowered Ryder System from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a report on Wednesday, January 10th. Robert W. Baird reiterated a "buy" rating and set a $140.00 price target on shares of Ryder System in a research report on Wednesday, January 3rd. StockNews.com cut Ryder System from a "buy" rating to a "hold" rating in a research report on Saturday. The Goldman Sachs Group reiterated a "buy" rating and set a $122.00 price target on shares of Ryder System in a research report on Thursday, February 15th. Finally, JPMorgan Chase & Co. increased their price target on Ryder System from $117.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $120.00.

Insider Activity

In other 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 transaction of $877,994.76. Following the completion of the sale, the chief marketing officer now owns 12,396 shares in the company, valued at approximately $1,406,698.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.10% of the company's stock.

Ryder System Stock Performance

R stock traded down $2.44 on Tuesday, reaching $111.77. The company's stock had a trading volume of 193,804 shares, compared to its average volume of 249,970. Ryder System, Inc. has a 52 week low of $76.15 and a 52 week high of $121.58. The company has a market capitalization of $4.94 billion, a P/E ratio of 12.80 and a beta of 1.40. The firm has a fifty day moving average of $114.91 and a two-hundred day moving average of $110.26. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.62 and a quick ratio of 0.62.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly 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. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.98 billion. Ryder System had a return on equity of 19.68% and a net margin of 3.45%. The firm's quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the company posted $3.89 EPS. As a group, analysts predict that Ryder System, Inc. will post 11.9 EPS for the current fiscal year.

Ryder System Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.71 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.54%. Ryder System's dividend payout ratio (DPR) is presently 32.53%.

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.