Aristides Capital LLC Buys 500 Shares of Ryder System, Inc. (NYSE:R)

Aristides Capital LLC raised its stake in Ryder System, Inc. (NYSE:R) by 31.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,114 shares of the transportation company’s stock after buying an additional 500 shares during the period. Aristides Capital LLC’s holdings in Ryder System were worth $332,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on R shares. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. JPMorgan Chase & Co. cut their target price on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group raised their price target 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $157.00.

Ryder System Stock Performance

R opened at $133.81 on Monday. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 12.07 and a beta of 1.10. The company’s fifty day moving average price is $153.33 and its two-hundred day moving average price is $155.36. Ryder System, Inc. has a 1-year low of $106.88 and a 1-year high of $171.78. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14.

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

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, February 18th were issued a dividend of $0.81 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.24 annualized dividend and a yield of 2.42%. Ryder System’s dividend payout ratio (DPR) is currently 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.