Wealthfront Advisers LLC Acquires Shares of 2,002,265 Ryder System, Inc. (NYSE:R)

Wealthfront Advisers LLC bought a new stake in shares of Ryder System, Inc. (NYSE:R) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,002,265 shares of the transportation company’s stock, valued at approximately $314,075,000. Wealthfront Advisers LLC owned approximately 4.73% of Ryder System at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of R. Sanctuary Advisors LLC raised its holdings in shares of Ryder System by 0.9% during 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 last quarter. Savant Capital LLC grew its position in Ryder System by 3.6% during the 4th quarter. Savant Capital LLC now owns 2,438 shares of the transportation company’s stock worth $382,000 after purchasing an additional 84 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Ryder System by 36.5% during the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock worth $54,000 after acquiring an additional 92 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Ryder System by 4.7% during the 3rd 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 in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Ryder System by 36.6% during the 4th quarter. UMB Bank n.a. now owns 362 shares of the transportation company’s stock worth $57,000 after purchasing an additional 97 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Stock Down 2.0 %

R opened at $147.79 on Tuesday. Ryder System, Inc. has a one year low of $106.88 and a one year high of $171.78. The company has a fifty day moving average price of $160.22 and a 200-day moving average price of $154.90. The firm has a market capitalization of $6.22 billion, a P/E ratio of 13.33 and a beta of 1.23. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75.

Ryder System (NYSE:R) last announced its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 earnings per share for the quarter, topping 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%. Equities research analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.24 annualized dividend and a yield of 2.19%. Ryder System’s payout ratio is 29.22%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price objective on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price objective on Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Finally, StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Ryder System has a consensus rating of “Moderate Buy” and an average 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.