Truvestments Capital LLC Acquires 858 Shares of Ryder System, Inc. (NYSE:R)

Truvestments Capital LLC boosted its holdings in shares of Ryder System, Inc. (NYSE:R) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,617 shares of the transportation company’s stock after purchasing an additional 858 shares during the quarter. Ryder System comprises approximately 1.1% of Truvestments Capital LLC’s holdings, making the stock its 12th largest position. Truvestments Capital LLC owned about 0.06% of Ryder System worth $4,175,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Keystone Financial Group Inc. acquired a new stake in Ryder System during the 4th quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Ryder System during the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ryder System during the third quarter worth $34,000. R Squared Ltd acquired a new stake in shares of Ryder System during the fourth quarter worth $45,000. Finally, Principal Securities Inc. grew its stake 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 purchasing an additional 92 shares during the period. Institutional investors own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on R shares. JPMorgan Chase & Co. reduced their target price on 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 report on Tuesday, February 25th. Finally, The Goldman Sachs Group lifted their target price on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Ryder System has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Ryder System Price Performance

Shares of NYSE R opened at $146.94 on Wednesday. The business’s 50 day moving average price is $160.02 and its two-hundred day moving average price is $154.94. The company has a market cap of $6.18 billion, a PE ratio of 13.25 and a beta of 1.23. 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 twelve month low of $106.88 and a twelve month high of $171.78.

Ryder System (NYSE:R) last posted its 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 predict that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.20%. The ex-dividend date is Tuesday, February 18th. Ryder System’s payout ratio is presently 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.