Assenagon Asset Management S.A. Makes New $2.35 Million Investment in Ryder System, Inc. (NYSE:R)

Assenagon Asset Management S.A. acquired a new position in Ryder System, Inc. (NYSE:RFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,415 shares of the transportation company’s stock, valued at approximately $2,349,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of Ryder System during the third quarter worth $26,000. Contravisory Investment Management Inc. bought a new stake in shares of Ryder System during the fourth quarter worth $26,000. Fortis Capital Advisors LLC raised its position in shares of Ryder System by 2,716.7% during the first quarter. Fortis Capital Advisors LLC now owns 338 shares of the transportation company’s stock worth $30,000 after acquiring an additional 326 shares during the last quarter. CWM LLC raised its position in shares of Ryder System by 33.9% during the third quarter. CWM LLC now owns 438 shares of the transportation company’s stock worth $47,000 after acquiring an additional 111 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of Ryder System by 406.0% during the third quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock worth $54,000 after acquiring an additional 406 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Stock Up 1.3 %

NYSE:R opened at $119.51 on Thursday. Ryder System, Inc. has a 1 year low of $76.15 and a 1 year high of $120.93. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.80. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 13.69 and a beta of 1.40. The stock has a 50-day moving average price of $114.69 and a two-hundred day moving average price of $109.42.

Ryder System (NYSE:RGet Free Report) last posted its earnings results on Wednesday, February 14th. The transportation company reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.20. Ryder System had a return on equity of 19.68% and a net margin of 3.45%. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the previous year, the firm earned $3.89 earnings per share. The company’s revenue was down 2.1% on a year-over-year basis. As a group, equities analysts expect that Ryder System, Inc. will post 11.9 earnings per share for the current year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.71 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.84 annualized dividend and a dividend yield of 2.38%. Ryder System’s dividend payout ratio is currently 32.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Vertical Research downgraded Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a report on Wednesday, January 10th. JPMorgan Chase & Co. upped their price objective on Ryder System from $117.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Stephens upped their price objective on Ryder System from $110.00 to $113.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Finally, StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $116.00.

Get Our Latest Report on Ryder System

Insider Transactions at Ryder System

In other news, CMO Karen M. Jones sold 7,737 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total transaction of $877,994.76. Following the completion of the transaction, the chief marketing officer now directly owns 12,396 shares of the company’s stock, valued at $1,406,698.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.10% of the stock is owned by insiders.

Ryder System Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Ryder System (NYSE:R)

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