WIM INVESTMENT MANAGEMENT Ltd Acquires 30,100 Shares of Ryder System, Inc. (NYSE:R)

WIM INVESTMENT MANAGEMENT Ltd grew its holdings in Ryder System, Inc. (NYSE:R) by 602.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,100 shares of the transportation company’s stock after purchasing an additional 30,100 shares during the quarter. Ryder System comprises about 1.9% of WIM INVESTMENT MANAGEMENT Ltd’s investment portfolio, making the stock its 9th largest position. WIM INVESTMENT MANAGEMENT Ltd’s holdings in Ryder System were worth $5,506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in R. Wealthfront Advisers LLC bought a new stake in shares of Ryder System during the fourth quarter worth $314,075,000. Jacobs Levy Equity Management Inc. raised its position in shares of Ryder System by 212.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company’s stock worth $62,055,000 after acquiring an additional 289,388 shares during the last quarter. FMR LLC raised its position in shares of Ryder System by 56.2% during the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock worth $113,945,000 after acquiring an additional 281,052 shares during the last quarter. Pacific Heights Asset Management LLC raised its position in shares of Ryder System by 125.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 180,000 shares of the transportation company’s stock worth $28,235,000 after acquiring an additional 100,000 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Ryder System during the fourth quarter worth $12,242,000. Institutional investors own 87.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on R shares. The Goldman Sachs Group boosted their target price on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Ryder System Trading Down 1.8 %

NYSE R opened at $139.52 on Wednesday. The stock has a 50-day simple moving average of $158.34 and a 200 day simple moving average of $154.90. The company has a market capitalization of $5.87 billion, a PE ratio of 12.58 and a beta of 1.23. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System, Inc. has a 12 month low of $106.88 and a 12 month high of $171.78.

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

Ryder System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Tuesday, February 18th. Ryder System’s dividend payout ratio is currently 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.