Pinebridge Investments L.P. Has $3.07 Million Stock Position in Ryder System, Inc. (NYSE:R)

Pinebridge Investments L.P. raised its stake in Ryder System, Inc. (NYSE:R - Free Report) by 42.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 19,537 shares of the transportation company's stock after purchasing an additional 5,847 shares during the period. Pinebridge Investments L.P.'s holdings in Ryder System were worth $3,065,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Alpine Global Management LLC acquired a new stake in Ryder System in the fourth quarter worth $870,000. Stifel Financial Corp lifted its holdings in shares of Ryder System by 5.6% in the fourth quarter. Stifel Financial Corp now owns 30,139 shares of the transportation company's stock valued at $4,727,000 after buying an additional 1,587 shares during the period. Tower Research Capital LLC TRC grew its holdings in Ryder System by 27.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,967 shares of the transportation company's stock worth $465,000 after acquiring an additional 643 shares during the period. MetLife Investment Management LLC raised its position in Ryder System by 6.6% in the fourth quarter. MetLife Investment Management LLC now owns 23,827 shares of the transportation company's stock worth $3,738,000 after acquiring an additional 1,469 shares in the last quarter. Finally, Forum Financial Management LP acquired a new stake in Ryder System in the 4th quarter valued at about $201,000. Institutional investors and hedge funds own 87.47% of the company's stock.

Ryder System Stock Up 3.8 %

Shares of Ryder System stock traded up $5.28 during midday trading on Friday, reaching $144.18. 94,121 shares of the company's stock traded hands, compared to its average volume of 308,775. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 13.02 and a beta of 1.10. Ryder System, Inc. has a 52 week low of $116.58 and a 52 week high of $171.78. The company's 50 day simple moving average is $143.27 and its 200 day simple moving average is $153.90. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75.

Ryder System (NYSE:R - Get Free Report) last announced 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. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter last year, the company posted $2.14 earnings per share. Ryder System's quarterly revenue was up 1.1% on a year-over-year basis. Equities analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders 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 yield of 2.25%. Ryder System's dividend payout ratio (DPR) is presently 28.25%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Stephens reduced 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, April 25th. StockNews.com lowered shares of 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 target 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. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.