WIM INVESTMENT MANAGEMENT Ltd Raises Holdings in Ryder System, Inc. (NYSE:R)

WIM INVESTMENT MANAGEMENT Ltd lifted its stake in Ryder System, Inc. (NYSE:R) by 602.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,100 shares of the transportation company’s stock after acquiring an additional 30,100 shares during the period. Ryder System accounts for about 1.9% of WIM INVESTMENT MANAGEMENT Ltd’s investment portfolio, making the stock its 9th largest position. WIM INVESTMENT MANAGEMENT Ltd owned approximately 0.08% of Ryder System worth $5,506,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in R. Wealthfront Advisers LLC bought a new position in Ryder System in the 4th quarter worth approximately $314,075,000. Jacobs Levy Equity Management Inc. increased its position in Ryder System by 212.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company’s stock worth $62,055,000 after buying an additional 289,388 shares during the period. FMR LLC increased its position in Ryder System by 56.2% in the 3rd quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock worth $113,945,000 after buying an additional 281,052 shares during the period. Pacific Heights Asset Management LLC increased its position in shares of Ryder System by 125.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 180,000 shares of the transportation company’s stock valued at $28,235,000 after purchasing an additional 100,000 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Ryder System during the fourth quarter valued at approximately $12,242,000. 87.47% of the stock is owned by institutional investors.

Ryder System Price Performance

Shares of R stock opened at $139.52 on Wednesday. The stock’s fifty day simple moving average is $158.34 and its 200 day simple moving average is $154.90. 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 $5.87 billion, a price-to-earnings ratio of 12.58 and a beta of 1.23. Ryder System, Inc. has a one year low of $106.88 and a one year high of $171.78.

Ryder System (NYSE:R) last announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, beating 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 expect 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. This represents a $3.24 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Tuesday, February 18th. Ryder System’s dividend payout ratio is currently 29.22%.

Wall Street Analyst Weigh In

R has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price objective on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group boosted their price objective on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Ryder System has an average rating of “Moderate Buy” and a consensus price target of $157.00.

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.