Pictet Asset Management Holding SA Increases Stock Position in Ryder System, Inc. (NYSE:R)

Pictet Asset Management Holding SA boosted its holdings in Ryder System, Inc. (NYSE:R) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,870 shares of the transportation company’s stock after buying an additional 422 shares during the period. Pictet Asset Management Holding SA’s holdings in Ryder System were worth $921,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sanctuary Advisors LLC grew its position in shares of Ryder System by 0.9% in the fourth quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company’s stock valued at $1,282,000 after purchasing an additional 68 shares in the last quarter. Savant Capital LLC boosted its stake in Ryder System by 3.6% in the 4th quarter. Savant Capital LLC now owns 2,438 shares of the transportation company’s stock worth $382,000 after purchasing an additional 84 shares during the period. Principal Securities Inc. grew its holdings 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 buying an additional 92 shares in the last quarter. MML Investors Services LLC increased its position in shares of Ryder System by 4.7% during the third quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company’s stock valued at $303,000 after buying an additional 94 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of Ryder System by 36.6% in the fourth quarter. UMB Bank n.a. now owns 362 shares of the transportation company’s stock worth $57,000 after buying an additional 97 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on R. The Goldman Sachs Group boosted 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. reduced their price target on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Finally, StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Ryder System Price Performance

R stock opened at $133.81 on Monday. The firm has a 50 day simple moving average of $153.33 and a two-hundred day simple moving average of $155.36. 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 stock has a market cap of $5.59 billion, a PE ratio of 12.07 and a beta of 1.10. Ryder System, Inc. has a one year low of $106.88 and a one year high of $171.78.

Ryder System (NYSE:R) last released its earnings results on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, beating 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%. On average, analysts predict that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, February 18th were given a $0.81 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.42%. Ryder System’s payout ratio is 29.22%.

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.