Treasurer of the State of North Carolina Boosts Stock Holdings in Ryder System, Inc. (NYSE:R)

Treasurer of the State of North Carolina lifted its stake in Ryder System, Inc. (NYSE:RFree Report) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,834 shares of the transportation company’s stock after buying an additional 1,101 shares during the period. Treasurer of the State of North Carolina’s holdings in Ryder System were worth $2,397,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP grew its holdings in shares of Ryder System by 1,051.0% in the third quarter. Wellington Management Group LLP now owns 2,551,559 shares of the transportation company’s stock worth $272,889,000 after purchasing an additional 2,329,880 shares during the last quarter. Earnest Partners LLC grew its holdings in Ryder System by 2.5% in the 3rd quarter. Earnest Partners LLC now owns 1,666,621 shares of the transportation company’s stock worth $178,245,000 after acquiring an additional 40,086 shares during the last quarter. LSV Asset Management increased its position in shares of Ryder System by 3.8% in the fourth quarter. LSV Asset Management now owns 1,629,618 shares of the transportation company’s stock valued at $187,504,000 after acquiring an additional 59,156 shares during the period. AQR Capital Management LLC raised its stake in shares of Ryder System by 12.3% during the third quarter. AQR Capital Management LLC now owns 845,253 shares of the transportation company’s stock valued at $90,400,000 after acquiring an additional 92,760 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Ryder System by 7.9% during the third quarter. American Century Companies Inc. now owns 775,382 shares of the transportation company’s stock valued at $82,927,000 after acquiring an additional 56,851 shares during the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. boosted their target price on Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group raised their price target on Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Finally, Stephens raised their target price on shares of Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $126.83.

View Our Latest Research Report on Ryder System

Ryder System Price Performance

Shares of R stock opened at $120.24 on Friday. The business’s fifty day moving average is $120.58 and its 200 day moving average is $115.40. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.22. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 15.66 and a beta of 1.32. Ryder System, Inc. has a twelve month low of $80.33 and a twelve month high of $128.85.

Ryder System (NYSE:RGet Free Report) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.43. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the previous year, the business posted $2.81 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Research analysts expect that Ryder System, Inc. will post 12.1 EPS for the current fiscal year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Monday, May 20th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.84 annualized dividend and a dividend yield of 2.36%. Ryder System’s payout ratio is currently 36.98%.

Insider Activity

In other news, insider Thomas M. Havens sold 8,000 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $119.40, for a total value of $955,200.00. Following the completion of the transaction, the insider now owns 24,401 shares in the company, valued at $2,913,479.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Ryder System news, Director Luis P. Nieto, Jr. sold 1,443 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $125.61, for a total transaction of $181,255.23. Following the completion of the sale, the director now directly owns 28,569 shares in the company, valued at approximately $3,588,552.09. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Thomas M. Havens sold 8,000 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $119.40, for a total value of $955,200.00. Following the transaction, the insider now directly owns 24,401 shares in the company, valued at $2,913,479.40. The disclosure for this sale can be found here. Insiders sold 95,800 shares of company stock worth $11,990,862 over the last three months. 5.10% of the stock is currently owned by corporate insiders.

About Ryder System

(Free Report)

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.

Further Reading

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

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