Raymond James Financial Inc. Acquires New Holdings in Ryder System, Inc. (NYSE:R)

Raymond James Financial Inc. purchased a new stake in Ryder System, Inc. (NYSE:R - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 43,786 shares of the transportation company's stock, valued at approximately $6,868,000. Raymond James Financial Inc. owned approximately 0.10% of Ryder System as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Keystone Financial Group Inc. acquired a new position in Ryder System during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Ryder System in the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Ryder System in the third quarter valued at approximately $34,000. R Squared Ltd acquired a new position in shares of Ryder System in the fourth quarter valued at approximately $45,000. Finally, Principal Securities Inc. raised its position 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 buying an additional 92 shares during the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Ryder System Stock Performance

Shares of NYSE R traded down $1.49 during midday trading on Tuesday, hitting $136.69. 24,316 shares of the company's stock were exchanged, compared to its average volume of 306,800. 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's 50 day moving average price is $144.80 and its 200-day moving average price is $154.21. The firm has a market cap of $5.65 billion, a P/E ratio of 12.31 and a beta of 1.10. Ryder System, Inc. has a twelve month low of $116.58 and a twelve month high of $171.78.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.06. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The business's revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.14 earnings per share. Equities research analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current 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 given 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 2.37%. Ryder System's dividend payout ratio (DPR) is 28.25%.

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.