TLP Group LLC Raises Holdings in Ryder System, Inc. (R)
TLP Group LLC grew its position in Ryder System, Inc. (NYSE:R) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,594 shares of the transportation company’s stock after buying an additional 293 shares during the quarter. Ryder System accounts for 1.7% of TLP Group LLC’s holdings, making the stock its 16th largest holding. TLP Group LLC’s holdings in Ryder System were worth $457,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Ryder System by 7.8% in the 4th quarter. BlackRock Inc. now owns 6,570,551 shares of the transportation company’s stock worth $316,370,000 after buying an additional 475,667 shares during the period. Pzena Investment Management LLC lifted its stake in shares of Ryder System by 21.0% during the 4th quarter. Pzena Investment Management LLC now owns 2,671,612 shares of the transportation company’s stock worth $128,638,000 after purchasing an additional 463,706 shares during the last quarter. LSV Asset Management lifted its stake in shares of Ryder System by 2.8% during the 4th quarter. LSV Asset Management now owns 1,938,612 shares of the transportation company’s stock worth $93,344,000 after purchasing an additional 53,612 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Ryder System by 222.1% during the 3rd quarter. Janus Henderson Group PLC now owns 1,022,619 shares of the transportation company’s stock worth $74,723,000 after purchasing an additional 705,115 shares during the last quarter. Finally, Luminus Management LLC lifted its stake in shares of Ryder System by 53.0% during the 3rd quarter. Luminus Management LLC now owns 800,931 shares of the transportation company’s stock worth $58,524,000 after purchasing an additional 277,320 shares during the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.
Ryder System stock opened at $60.94 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.68 and a quick ratio of 0.65. Ryder System, Inc. has a one year low of $44.80 and a one year high of $79.95. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 10.53 and a beta of 1.73.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 19th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Friday, February 15th. Ryder System’s dividend payout ratio (DPR) is presently 37.31%.
A number of brokerages recently weighed in on R. Zacks Investment Research upgraded Ryder System from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. ValuEngine upgraded Ryder System from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 20th. TheStreet upgraded Ryder System from a “c+” rating to a “b-” rating in a research note on Thursday, February 21st. Deutsche Bank decreased their price objective on Ryder System from $88.00 to $77.00 and set a “buy” rating for the company in a research note on Monday, December 3rd. Finally, Stifel Nicolaus upgraded Ryder System from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $81.00 to $69.00 in a research note on Thursday, November 29th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $76.82.
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Ryder System Profile
Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). 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 ancillary maintenance and fleet support services.
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