Ryder System, Inc. (NYSE:R) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lessened its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 17.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 405,011 shares of the transportation company's stock after selling 88,079 shares during the quarter. AQR Capital Management LLC owned about 0.96% of Ryder System worth $63,530,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC boosted its stake in Ryder System by 13.1% during the third quarter. Barclays PLC now owns 28,780 shares of the transportation company's stock worth $4,196,000 after buying an additional 3,344 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Ryder System during the 3rd quarter valued at about $34,000. Franklin Resources Inc. lifted its stake in shares of Ryder System by 14.3% during the 3rd quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company's stock worth $20,724,000 after acquiring an additional 17,074 shares during the last quarter. DGS Capital Management LLC bought a new position in shares of Ryder System in the third quarter worth about $208,000. Finally, JPMorgan Chase & Co. increased its position in shares of Ryder System by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 145,353 shares of the transportation company's stock worth $21,192,000 after acquiring an additional 10,446 shares during the period. Institutional investors own 87.47% of the company's stock.

Ryder System Price Performance

R stock traded up $2.33 during mid-day trading on Wednesday, reaching $144.40. 39,929 shares of the company's stock were exchanged, compared to its average volume of 309,656. 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, Inc. has a 12-month low of $116.58 and a 12-month high of $171.78. The stock's 50 day moving average is $142.25 and its 200 day moving average is $153.78. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 13.00 and a beta of 0.94.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, topping 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 revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.14 EPS. On average, research analysts expect that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The business 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. The ex-dividend date is Monday, May 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.24%. Ryder System's dividend payout ratio (DPR) is presently 28.25%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director E Follin Smith sold 1,243 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $144.38, for a total value of $179,464.34. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 5.20% of the stock is currently owned by company insiders.

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.