Edgestream Partners L.P. Makes New Investment in Ryder System, Inc. (NYSE:R)

Edgestream Partners L.P. bought a new position in shares of Ryder System, Inc. (NYSE:R) during the 4th quarter, HoldingsChannel.com reports. The fund bought 23,966 shares of the transportation company’s stock, valued at approximately $3,759,000.

Several other large investors also recently bought and sold shares of the stock. US Bancorp DE lifted its stake in Ryder System by 40.6% during the 3rd quarter. US Bancorp DE now owns 5,719 shares of the transportation company’s stock valued at $834,000 after acquiring an additional 1,652 shares during the period. Janney Montgomery Scott LLC lifted its stake in Ryder System by 83.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 9,260 shares of the transportation company’s stock valued at $1,350,000 after acquiring an additional 4,200 shares during the period. AIA Group Ltd lifted its stake in Ryder System by 37.5% during the 3rd quarter. AIA Group Ltd now owns 3,888 shares of the transportation company’s stock valued at $567,000 after acquiring an additional 1,060 shares during the period. Atria Investments Inc lifted its stake in Ryder System by 3.5% during the 3rd quarter. Atria Investments Inc now owns 3,759 shares of the transportation company’s stock valued at $548,000 after acquiring an additional 126 shares during the period. Finally, Sigma Planning Corp acquired a new stake in Ryder System during the 3rd quarter valued at approximately $208,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Analysts Set New Price Targets

R has been the subject of several research reports. The Goldman Sachs Group lifted their price objective on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. decreased their price objective on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Finally, StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Ryder System Stock Performance

R opened at $150.92 on Friday. 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 firm has a fifty day moving average price of $160.39 and a 200 day moving average price of $154.72. Ryder System, Inc. has a 1 year low of $106.88 and a 1 year high of $171.78. The stock has a market cap of $6.35 billion, a P/E ratio of 13.61 and a beta of 1.23.

Ryder System (NYSE:R) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.39 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. Equities research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.15%. The ex-dividend date is Tuesday, February 18th. Ryder System’s payout ratio is presently 29.22%.

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.