Ryder System, Inc. (NYSE:R) Shares Acquired by Sei Investments Co.

Sei Investments Co. boosted its position in shares of Ryder System, Inc. (NYSE:R) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 856,507 shares of the transportation company’s stock after purchasing an additional 13,529 shares during the period. Sei Investments Co. owned approximately 2.03% of Ryder System worth $134,351,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in R. Oppenheimer & Co. Inc. bought a new position in Ryder System during the 3rd quarter valued at $396,000. Quest Partners LLC bought a new position in Ryder System during the 3rd quarter valued at $550,000. Caprock Group LLC bought a new position in Ryder System during the 3rd quarter valued at $210,000. Thompson Siegel & Walmsley LLC bought a new position in Ryder System during the 3rd quarter valued at $4,243,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Ryder System by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 398,837 shares of the transportation company’s stock valued at $58,150,000 after acquiring an additional 1,946 shares during the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Trading Up 0.9 %

Ryder System stock opened at $141.70 on Friday. The company has a market cap of $5.91 billion, a P/E ratio of 12.78 and a beta of 1.23. The firm’s 50-day moving average is $157.35 and its 200-day moving average is $154.67. Ryder System, Inc. has a 1 year low of $106.88 and a 1 year high of $171.78. 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) last posted its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.39 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. On average, equities analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System’s payout ratio is 29.22%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on R. JPMorgan Chase & Co. reduced their price objective on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group raised their price target on shares of Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, StockNews.com upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Ryder System 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.