Allianz Asset Management GmbH Boosts Stake in Ryder System, Inc. $R

Allianz Asset Management GmbH boosted its position in Ryder System, Inc. (NYSE:R) by 254.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,835 shares of the transportation company’s stock after purchasing an additional 24,996 shares during the period. Allianz Asset Management GmbH owned approximately 0.09% of Ryder System worth $6,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. lifted its stake in shares of Ryder System by 770.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 174 shares of the transportation company’s stock worth $28,000 after acquiring an additional 154 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Ryder System during the third quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Ryder System by 237.0% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 128 shares during the period. MAI Capital Management boosted its stake in shares of Ryder System by 57.6% during the second quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 68 shares during the period. Finally, Employees Retirement System of Texas bought a new position in shares of Ryder System in the second quarter worth about $35,000. Institutional investors own 87.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wolfe Research reiterated a “peer perform” rating on shares of Ryder System in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a research note on Thursday, January 22nd. JPMorgan Chase & Co. boosted their price target on Ryder System from $194.00 to $197.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Citigroup increased their price objective on Ryder System from $196.00 to $218.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, Wells Fargo & Company initiated coverage on Ryder System in a research report on Friday, December 5th. They set an “overweight” rating and a $210.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Ryder System currently has an average rating of “Moderate Buy” and an average price target of $205.67.

Ryder System Trading Down 0.5%

Shares of NYSE R opened at $216.31 on Tuesday. Ryder System, Inc. has a 1-year low of $125.54 and a 1-year high of $218.36. The business has a fifty day moving average price of $193.24 and a 200 day moving average price of $184.15. The stock has a market capitalization of $8.73 billion, a P/E ratio of 18.27 and a beta of 0.96. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.02 and a quick ratio of 1.02.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, February 17th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, February 17th. Ryder System’s payout ratio is 30.74%.

Ryder System Profile

Ryder System, Inc is a leading provider of transportation and supply chain management solutions, serving commercial customers across a range of industries. The company’s Fleet Management Solutions segment offers full-service leasing and rental of medium- and heavy-duty trucks, tractors and trailers, along with maintenance and repair services at its network of service locations. Its Supply Chain Solutions segment provides integrated, technology-driven offerings that span managed transportation, dedicated contract carriage, warehousing and distribution, and e-commerce fulfillment.

Founded in 1933 and headquartered in Miami, Florida, Ryder has grown from a regional truck leasing operation into a diversified, global logistics provider.