Bessemer Group Inc. Has $388,000 Stock Position in Ryder System, Inc. (NYSE:R)

Bessemer Group Inc. grew its holdings in shares of Ryder System, Inc. (NYSE:R) by 11.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,478 shares of the transportation company’s stock after buying an additional 262 shares during the period. Bessemer Group Inc.’s holdings in Ryder System were worth $388,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Keystone Financial Group Inc. bought a new position in Ryder System during the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new stake in Ryder System in the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Ryder System in the third quarter valued at $34,000. R Squared Ltd purchased a new position in shares of Ryder System during the 4th quarter valued at $45,000. Finally, Principal Securities Inc. increased its holdings in Ryder System by 36.5% in the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock worth $54,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

R has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research note 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’s stock. According to MarketBeat.com, Ryder System has an average rating of “Moderate Buy” and an average price target of $157.00.

Ryder System Price Performance

R opened at $140.82 on Wednesday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The stock’s 50 day moving average price is $149.43 and its 200-day moving average price is $154.67. The stock has a market capitalization of $5.88 billion, a PE ratio of 12.70 and a beta of 1.10. Ryder System, Inc. has a 52-week low of $106.88 and a 52-week high of $171.78.

Ryder System (NYSE:R) last posted its quarterly earnings data 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 return on equity of 17.23% and a net margin of 3.87%. On average, equities research analysts predict that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Tuesday, February 18th. Ryder System’s dividend 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.