Principal Securities Inc. Purchases 92 Shares of Ryder System, Inc. (NYSE:R)

Principal Securities Inc. increased its holdings in shares of Ryder System, Inc. (NYSE:R) by 36.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 344 shares of the transportation company’s stock after acquiring an additional 92 shares during the period. Principal Securities Inc.’s holdings in Ryder System were worth $54,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Savant Capital LLC lifted 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 buying an additional 84 shares in the last quarter. Burns Matteson Capital Management LLC bought a new position in shares of Ryder System in the fourth quarter worth about $395,000. Keystone Financial Group Inc. acquired a new position in shares of Ryder System during the fourth quarter worth approximately $26,000. Measured Wealth Private Client Group LLC lifted its position in shares of Ryder System by 11.0% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 7,699 shares of the transportation company’s stock worth $1,208,000 after purchasing an additional 763 shares in the last quarter. Finally, Longboard Asset Management LP bought a new stake in shares of Ryder System during the fourth quarter valued at approximately $232,000. 87.47% of the stock is currently owned by institutional investors.

Ryder System Stock Performance

R stock opened at $159.50 on Friday. Ryder System, Inc. has a twelve month low of $106.88 and a twelve month high of $171.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The company has a market cap of $6.71 billion, a P/E ratio of 14.38 and a beta of 1.30. The business’s fifty day moving average is $160.59 and its 200-day moving average is $153.75.

Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. Equities research analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The company also recently disclosed 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. This represents a $3.24 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Tuesday, February 18th. Ryder System’s dividend payout ratio is currently 29.22%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price objective 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 downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, The Goldman Sachs Group raised their price target on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.