Azimuth Capital Management LLC Purchases 2,410 Shares of Ryder System, Inc. (NYSE:R)


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Azimuth Capital Management LLC raised its stake in shares of Ryder System, Inc. (NYSE:R) by 4.1% during the fourth quarter, Holdings Channel reports. The firm owned 61,055 shares of the transportation company’s stock after buying an additional 2,410 shares during the quarter. Azimuth Capital Management LLC’s holdings in Ryder System were worth $3,771,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Buckley Wealth Management LLC grew its position in shares of Ryder System by 1.9% in the 4th quarter. Buckley Wealth Management LLC now owns 15,735 shares of the transportation company’s stock worth $972,000 after buying an additional 300 shares during the period. HighTower Advisors LLC grew its position in shares of Ryder System by 4.0% in the 4th quarter. HighTower Advisors LLC now owns 10,415 shares of the transportation company’s stock worth $643,000 after buying an additional 404 shares during the period. Westpac Banking Corp grew its position in shares of Ryder System by 15.1% in the 3rd quarter. Westpac Banking Corp now owns 3,813 shares of the transportation company’s stock worth $161,000 after buying an additional 500 shares during the period. New York State Teachers Retirement System grew its position in shares of Ryder System by 1.1% in the 4th quarter. New York State Teachers Retirement System now owns 54,805 shares of the transportation company’s stock worth $3,385,000 after buying an additional 600 shares during the period. Finally, Vectors Research Management LLC grew its position in shares of Ryder System by 3.2% in the 4th quarter. Vectors Research Management LLC now owns 20,816 shares of the transportation company’s stock worth $1,286,000 after buying an additional 649 shares during the period. 86.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:R traded up $0.14 during trading on Tuesday, hitting $66.82. The company’s stock had a trading volume of 9,646 shares, compared to its average volume of 450,510. The company has a 50-day moving average of $66.22 and a 200-day moving average of $54.21. Ryder System, Inc. has a 12 month low of $22.62 and a 12 month high of $70.23. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.81 and a quick ratio of 0.78. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of -17.27 and a beta of 1.98.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, February 11th. The transportation company reported $0.83 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.12). Ryder System had a negative return on equity of 0.39% and a negative net margin of 2.37%. As a group, research analysts anticipate that Ryder System, Inc. will post -0.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 19th. Stockholders of record on Tuesday, February 16th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, February 12th. Ryder System’s dividend payout ratio (DPR) is presently 45.16%.

A number of brokerages recently issued reports on R. Truist upped their price target on shares of Ryder System from $48.00 to $60.00 in a research note on Thursday, October 29th. Stifel Nicolaus upped their price target on shares of Ryder System from $45.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, November 9th. Wells Fargo & Company upgraded shares of Ryder System from an “underweight” rating to an “equal weight” rating and set a $65.00 price target on the stock in a research note on Monday, December 14th. The Goldman Sachs Group began coverage on shares of Ryder System in a research note on Thursday, January 14th. They issued a “buy” rating and a $87.00 price target on the stock. Finally, Zacks Investment Research cut shares of Ryder System from a “strong-buy” rating to a “hold” rating and set a $71.00 price target on the stock. in a research note on Monday, January 11th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Ryder System currently has a consensus rating of “Buy” and an average price target of $62.75.

Ryder System Company Profile

Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company 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, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.

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Institutional Ownership by Quarter for Ryder System (NYSE:R)

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