Alpine Global Management LLC Buys Shares of 5,544 Ryder System, Inc. (NYSE:R)

Alpine Global Management LLC bought a new stake in Ryder System, Inc. (NYSE:R - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,544 shares of the transportation company's stock, valued at approximately $870,000.

A number of other hedge funds and other institutional investors have also modified their holdings of R. Sanctuary Advisors LLC grew its holdings in Ryder System by 0.9% in the 4th quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company's stock valued at $1,282,000 after buying an additional 68 shares during the period. Savant Capital LLC boosted its holdings in shares of Ryder System by 3.6% in the 4th quarter. Savant Capital LLC now owns 2,438 shares of the transportation company's stock valued at $382,000 after purchasing an additional 84 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock worth $54,000 after buying an additional 92 shares during the last quarter. MML Investors Services LLC boosted its holdings in Ryder System by 4.7% in the third quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company's stock valued at $303,000 after acquiring an additional 94 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Ryder System by 36.6% in the 4th quarter. UMB Bank n.a. now owns 362 shares of the transportation company's stock worth $57,000 after purchasing an additional 97 shares during the period. 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 have weighed in on R shares. JPMorgan Chase & Co. reduced their price target on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating on the stock in a research report on Thursday. Stephens lowered their price target on Ryder System from $168.00 to $150.00 and set an "equal weight" rating for the company in a report on Friday. Finally, StockNews.com lowered Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Ryder System currently has an average rating of "Moderate Buy" and an average price target of $160.50.

Ryder System Stock Down 1.4 %

R traded down $1.90 during trading on Friday, hitting $137.23. The company had a trading volume of 234,482 shares, compared to its average volume of 307,777. The business has a 50-day moving average of $145.40 and a 200-day moving average of $154.25. The company has a market cap of $5.73 billion, a PE ratio of 12.37 and a beta of 1.10. Ryder System, Inc. has a 1-year low of $116.58 and a 1-year high of $171.78. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75.

Ryder System (NYSE:R - Get Free Report) last released its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, topping analysts' consensus estimates of $2.40 by $0.06. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.17 billion. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. During the same quarter last year, the business posted $2.14 EPS. As a group, 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 announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were issued a $0.81 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.36%. Ryder System's dividend payout ratio is currently 28.25%.

Ryder System 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.