Pinebridge Investments L.P. Purchases 5,847 Shares of Ryder System, Inc. (NYSE:R)

Pinebridge Investments L.P. boosted its stake in Ryder System, Inc. (NYSE:R - Free Report) by 42.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,537 shares of the transportation company's stock after acquiring an additional 5,847 shares during the quarter. Pinebridge Investments L.P.'s holdings in Ryder System were worth $3,065,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in R. James Investment Research Inc. increased its position in shares of Ryder System by 32.0% in the 4th quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company's stock worth $1,941,000 after purchasing an additional 2,999 shares during the last quarter. Franklin Resources Inc. increased its holdings in Ryder System by 14.3% in the third quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company's stock valued at $20,724,000 after buying an additional 17,074 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Ryder System during the fourth quarter valued at approximately $12,242,000. Barclays PLC grew its position in shares of Ryder System by 13.1% in the 3rd quarter. Barclays PLC now owns 28,780 shares of the transportation company's stock worth $4,196,000 after acquiring an additional 3,344 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Ryder System by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 145,353 shares of the transportation company's stock valued at $21,192,000 after acquiring an additional 10,446 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Price Performance

Shares of 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 309,079. Ryder System, Inc. has a fifty-two week low of $116.58 and a fifty-two week high of $171.78. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 12.39 and a beta of 1.10. The firm has a 50-day moving average price of $144.23 and a 200 day moving average price of $154.10. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly 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. The company had revenue of $3.13 billion for the quarter, compared to analysts' expectations of $3.17 billion. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The firm's revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.14 earnings per share. On average, research analysts predict that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

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 2.36%. Ryder System's dividend payout ratio (DPR) is 28.25%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. 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 report on Friday, April 25th. StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Three equities 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.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.