Algert Global LLC Boosts Position in Ryder System, Inc. (NYSE:R)

Algert Global LLC lifted its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 15.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,525 shares of the transportation company's stock after acquiring an additional 3,978 shares during the quarter. Algert Global LLC owned approximately 0.07% of Ryder System worth $4,631,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Wealthfront Advisers LLC acquired a new position in Ryder System in the fourth quarter valued at about $314,075,000. Norges Bank bought a new position in shares of Ryder System in the fourth quarter valued at about $97,844,000. Pacific Heights Asset Management LLC lifted its holdings in Ryder System by 125.0% during the 4th quarter. Pacific Heights Asset Management LLC now owns 180,000 shares of the transportation company's stock worth $28,235,000 after purchasing an additional 100,000 shares during the last quarter. Northern Trust Corp grew its position in shares of Ryder System by 28.1% during the 4th quarter. Northern Trust Corp now owns 447,890 shares of the transportation company's stock worth $70,256,000 after purchasing an additional 98,196 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Ryder System by 22.2% during the 4th quarter. Invesco Ltd. now owns 456,968 shares of the transportation company's stock worth $71,680,000 after acquiring an additional 82,893 shares during the period. 87.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on R. Stephens cut their target price 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. StockNews.com downgraded shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $160.50.

Ryder System Stock Down 1.3 %

Shares of NYSE:R traded down $1.84 during mid-day trading on Friday, hitting $144.72. 281,346 shares of the company traded hands, compared to its average volume of 313,373. Ryder System, Inc. has a 12-month low of $116.58 and a 12-month high of $171.78. 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 stock has a market cap of $5.98 billion, a P/E ratio of 13.05 and a beta of 0.94. The stock has a 50-day moving average price of $141.37 and a two-hundred day moving average price of $153.74.

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. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the firm posted $2.14 EPS. The business's revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 19th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Monday, May 19th. Ryder System's dividend payout ratio (DPR) is currently 28.25%.

Insider Transactions at Ryder System

In related news, Director E Follin Smith sold 1,243 shares of the company's stock in a transaction that occurred 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 directly owns 39,802 shares in the company, valued at approximately $5,746,612.76. This represents a 3.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.20% of the company's stock.

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.