Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in Ryder System, Inc. (NYSE:R)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Ryder System, Inc. (NYSE:R) by 78.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 15,676 shares of the transportation company’s stock after acquiring an additional 6,909 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ryder System were worth $1,804,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisors Preferred LLC acquired a new position in shares of Ryder System during the 4th quarter valued at about $1,892,000. Cambridge Financial Group Inc. acquired a new position in shares of Ryder System during the 3rd quarter valued at about $8,186,000. UBS Group AG increased its position in Ryder System by 24.2% during the 3rd quarter. UBS Group AG now owns 78,946 shares of the transportation company’s stock worth $8,443,000 after purchasing an additional 15,361 shares in the last quarter. Earnest Partners LLC increased its position in Ryder System by 2.5% during the 3rd quarter. Earnest Partners LLC now owns 1,666,621 shares of the transportation company’s stock worth $178,245,000 after purchasing an additional 40,086 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in Ryder System by 174.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,717 shares of the transportation company’s stock worth $812,000 after purchasing an additional 4,908 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Price Performance

Shares of R opened at $122.21 on Thursday. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 15.91 and a beta of 1.40. The company has a debt-to-equity ratio of 2.46, a quick ratio of 0.62 and a current ratio of 1.11. Ryder System, Inc. has a one year low of $76.15 and a one year high of $122.94. The stock’s fifty day moving average is $114.49 and its 200-day moving average is $110.66.

Ryder System (NYSE:R) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.43. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period last year, the company earned $2.81 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities analysts anticipate that Ryder System, Inc. will post 11.9 EPS for the current year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 20th were paid a dividend of $0.71 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.84 annualized dividend and a yield of 2.32%. Ryder System’s dividend payout ratio is currently 36.98%.

Insider Activity at Ryder System

In related news, CMO Karen M. Jones sold 7,737 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total transaction of $877,994.76. Following the completion of the transaction, the chief marketing officer now owns 12,396 shares of the company’s stock, valued at $1,406,698.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

R has been the subject of a number of research analyst reports. Robert W. Baird reissued a “buy” rating and set a $140.00 target price on shares of Ryder System in a research report on Wednesday, January 3rd. Vertical Research downgraded shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research report on Wednesday, January 10th. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, The Goldman Sachs Group increased their target price on shares of Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $123.71.

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.