Ryder System, Inc. (NYSE:R) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Ryder System, Inc. (NYSE:R) by 18.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,233 shares of the transportation company’s stock after buying an additional 1,715 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ryder System were worth $1,762,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Keystone Financial Group Inc. acquired a new stake in shares of Ryder System in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. acquired a new stake in Ryder System during the 4th quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Ryder System during the 3rd quarter valued at approximately $34,000. R Squared Ltd acquired a new stake in Ryder System during the 4th quarter valued at approximately $45,000. Finally, Principal Securities Inc. grew its stake in Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analysts Set New Price Targets

R has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price objective on 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. lowered their price objective on 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 downgraded Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Ryder System Trading Up 1.0 %

NYSE:R opened at $142.01 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The business’s 50 day moving average is $158.70 and its two-hundred day moving average is $154.94. Ryder System, Inc. has a 52 week low of $106.88 and a 52 week high of $171.78. The company has a market cap of $5.98 billion, a PE ratio of 12.81 and a beta of 1.23.

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

Ryder System Announces Dividend

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 dividend yield of 2.28%. The ex-dividend date of this dividend is Tuesday, February 18th. Ryder System’s dividend payout ratio (DPR) is 29.22%.

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.