Ryder System, Inc. (NYSE:R) Stake Boosted by Bank of America Corp DE

Bank of America Corp DE boosted its position in shares of Ryder System, Inc. (NYSE:R) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 931,660 shares of the transportation company’s stock after purchasing an additional 1,778 shares during the period. Bank of America Corp DE owned 2.20% of Ryder System worth $146,140,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Keystone Financial Group Inc. bought a new position in Ryder System during the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. acquired a new stake in Ryder System in the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in Ryder System during the third quarter worth approximately $34,000. R Squared Ltd bought a new position in shares of Ryder System in the fourth quarter valued at approximately $45,000. Finally, Principal Securities Inc. raised its position in shares of Ryder System by 36.5% in the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 92 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Trading Down 1.3 %

Ryder System stock opened at $144.72 on Friday. The business has a 50 day moving average price of $141.37 and a two-hundred day moving average price of $153.68. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System, Inc. has a 12 month low of $116.58 and a 12 month high of $171.78. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 13.05 and a beta of 0.94.

Ryder System (NYSE:R) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.40 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period last year, the business earned $2.14 earnings per share. Ryder System’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 19th will be paid a $0.81 dividend. The ex-dividend date is Monday, May 19th. This represents a $3.24 annualized dividend and a dividend yield of 2.24%. Ryder System’s dividend payout ratio is presently 28.25%.

Insider Transactions at Ryder System

In other news, Director E Follin Smith sold 1,243 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $144.38, for a total transaction of $179,464.34. Following the completion of the sale, the director now owns 39,802 shares in the company, valued at $5,746,612.76. The trade was a 3.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

R has been the topic of a number of research analyst reports. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. cut their price objective on Ryder System from $174.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Finally, Stephens lowered their target price on Ryder System from $168.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Ryder System presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.50.

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.