Crestline Management LP Purchases New Position in Ryder System, Inc. (NYSE:R)

Crestline Management LP bought a new stake in Ryder System, Inc. (NYSE:R - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,131 shares of the transportation company's stock, valued at approximately $648,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers raised its holdings in Ryder System by 1.0% in the fourth quarter. Cetera Investment Advisers now owns 21,218 shares of the transportation company's stock worth $3,328,000 after buying an additional 219 shares during the last quarter. Brevan Howard Capital Management LP raised its holdings in Ryder System by 41.3% in the fourth quarter. Brevan Howard Capital Management LP now owns 5,540 shares of the transportation company's stock worth $869,000 after buying an additional 1,620 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Ryder System in the fourth quarter worth $3,253,000. BW Gestao de Investimentos Ltda. purchased a new position in shares of Ryder System in the fourth quarter worth $6,501,000. Finally, Baird Financial Group Inc. raised its stake in shares of Ryder System by 0.9% in the fourth quarter. Baird Financial Group Inc. now owns 9,826 shares of the transportation company's stock worth $1,541,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company's stock.

Insider Buying and Selling at Ryder System

In other news, Director E Follin Smith sold 1,243 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $144.38, for a total value of $179,464.34. Following the transaction, the director now owns 39,802 shares of the company's stock, valued at approximately $5,746,612.76. The trade was a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on R. StockNews.com cut Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. decreased their price target on Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, Stephens decreased their price target on Ryder System from $168.00 to $150.00 and set an "equal weight" rating for the company in a research note on Friday, April 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 data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $160.50.

Ryder System Stock Performance

NYSE R traded down $1.90 during trading hours on Thursday, hitting $157.98. 111,659 shares of the company's stock traded hands, compared to its average volume of 315,780. The business's fifty day moving average price is $141.68 and its two-hundred day moving average price is $154.05. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The firm has a market capitalization of $6.53 billion, a P/E ratio of 14.26 and a beta of 0.94. Ryder System, Inc. has a 52 week low of $116.58 and a 52 week high of $171.78.

Ryder System (NYSE:R - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.06. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.17 billion. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.14 earnings per share. Equities research analysts predict that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.05%. The ex-dividend date is Monday, May 19th. Ryder System's dividend payout ratio is presently 28.25%.

Ryder System Company Profile

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.