QRG Capital Management Inc. Purchases 1,161 Shares of Ryder System, Inc. (NYSE:R)

QRG Capital Management Inc. boosted its position in Ryder System, Inc. (NYSE:R) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,521 shares of the transportation company’s stock after purchasing an additional 1,161 shares during the period. QRG Capital Management Inc.’s holdings in Ryder System were worth $3,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Keystone Financial Group Inc. bought a new stake in shares of Ryder System in the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Ryder System during the 3rd quarter valued at $34,000. R Squared Ltd acquired a new stake in shares of Ryder System in the 4th quarter worth $45,000. Principal Securities Inc. boosted its position in shares of Ryder System by 36.5% in the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock worth $54,000 after purchasing an additional 92 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in 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 buying an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Trading Up 3.0 %

Ryder System stock opened at $164.40 on Friday. The stock has a 50-day moving average price of $160.77 and a 200 day moving average price of $154.11. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 14.82 and a beta of 1.29. Ryder System, Inc. has a 52 week low of $106.88 and a 52 week 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.

Ryder System (NYSE:R) last announced its quarterly earnings data 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 net margin of 3.87% and a return on equity of 17.23%. Sell-side analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.97%. Ryder System’s payout ratio is currently 29.22%.

Analyst Ratings Changes

Several equities research analysts have weighed in on R shares. The Goldman Sachs Group raised their price target 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 shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Finally, StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

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.