Truist Financial Corp Has $2.29 Million Stock Holdings in Ryder System, Inc. (NYSE:R)

Truist Financial Corp increased its holdings in Ryder System, Inc. (NYSE:R) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 14,586 shares of the transportation company’s stock after buying an additional 142 shares during the quarter. Truist Financial Corp’s holdings in Ryder System were worth $2,288,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Raymond James & Associates increased its holdings in shares of Ryder System by 73.7% during the third quarter. Raymond James & Associates now owns 32,075 shares of the transportation company’s stock worth $4,677,000 after buying an additional 13,613 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Ryder System by 79.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,962 shares of the transportation company’s stock worth $578,000 after buying an additional 1,748 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of Ryder System during the third quarter worth approximately $207,000. DekaBank Deutsche Girozentrale increased its holdings in shares of Ryder System by 5.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 6,989 shares of the transportation company’s stock worth $1,014,000 after buying an additional 337 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Ryder System by 5.0% during the third quarter. State of Alaska Department of Revenue now owns 5,028 shares of the transportation company’s stock worth $733,000 after buying an additional 240 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. The Goldman Sachs Group raised their price objective on shares of Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Ryder System has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Ryder System Stock Performance

Shares of Ryder System stock opened at $161.23 on Thursday. 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 firm has a market cap of $6.79 billion, a P/E ratio of 14.54 and a beta of 1.30. The firm has a 50 day simple moving average of $160.52 and a 200 day simple moving average of $153.71. Ryder System, Inc. has a fifty-two week low of $106.88 and a fifty-two week high of $171.78.

Ryder System (NYSE:R) last announced its quarterly earnings data 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%. Sell-side analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th will be paid a $0.81 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.01%. Ryder System’s payout ratio is presently 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.