Proficio Capital Partners LLC Invests $5.14 Million in Ryder System, Inc. (NYSE:R)

Proficio Capital Partners LLC purchased a new stake in Ryder System, Inc. (NYSE:R) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 32,784 shares of the transportation company’s stock, valued at approximately $5,142,000. Proficio Capital Partners LLC owned about 0.08% of Ryder System as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC lifted its stake in shares of Ryder System by 376.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company’s stock valued at $1,405,000 after purchasing an additional 7,715 shares during the period. James Investment Research Inc. increased its holdings in Ryder System by 32.0% in the fourth quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company’s stock valued at $1,941,000 after purchasing an additional 2,999 shares during the last quarter. Franklin Resources Inc. increased its holdings in Ryder System by 14.3% in the third quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company’s stock valued at $20,724,000 after purchasing an additional 17,074 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Ryder System in the fourth quarter valued at about $12,242,000. Finally, Janney Montgomery Scott LLC boosted its holdings in Ryder System by 83.0% during the third quarter. Janney Montgomery Scott LLC now owns 9,260 shares of the transportation company’s stock worth $1,350,000 after buying an additional 4,200 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Stock Down 3.6 %

Ryder System stock opened at $158.63 on Tuesday. The company has a 50 day moving average of $160.81 and a 200-day moving average of $154.39. 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. The stock has a market capitalization of $6.68 billion, a PE ratio of 14.30 and a beta of 1.29.

Ryder System (NYSE:R) last posted 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%. On average, equities research analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Tuesday, February 18th. Ryder System’s dividend payout ratio is presently 29.22%.

Analyst Ratings Changes

A number of brokerages recently weighed in on R. StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut their target price on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Finally, The Goldman Sachs Group boosted their price target on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Ryder System 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.