Balyasny Asset Management L.P. Has $14.34 Million Holdings in Ryder System, Inc. (NYSE:R)

Balyasny Asset Management L.P. grew its stake in Ryder System, Inc. (NYSE:R - Free Report) by 2,500.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 91,393 shares of the transportation company's stock after purchasing an additional 87,879 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.22% of Ryder System worth $14,336,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of R. Sanctuary Advisors LLC grew its holdings in shares of Ryder System by 0.9% during the fourth quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company's stock valued at $1,282,000 after purchasing an additional 68 shares during the last quarter. Savant Capital LLC grew its stake in Ryder System by 3.6% during the 4th quarter. Savant Capital LLC now owns 2,438 shares of the transportation company's stock worth $382,000 after buying an additional 84 shares during the last quarter. Principal Securities Inc. increased its position in Ryder System by 36.5% in the fourth 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 period. UMB Bank n.a. lifted its stake in Ryder System by 36.6% in the fourth quarter. UMB Bank n.a. now owns 362 shares of the transportation company's stock valued at $57,000 after buying an additional 97 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in shares of Ryder System by 1.3% during the fourth quarter. Handelsbanken Fonder AB now owns 7,726 shares of the transportation company's stock worth $1,212,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 87.47% of the company's stock.

Analyst Ratings Changes

R has been the subject of a number of analyst reports. StockNews.com lowered shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. decreased their price objective on Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, Stephens cut their target price on Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $160.50.

Ryder System Price Performance

Shares of R traded down $1.84 during midday trading on Friday, reaching $144.72. The stock had a trading volume of 281,346 shares, compared to its average volume of 313,373. The firm's 50 day moving average price is $141.37 and its 200-day moving average price is $153.84. Ryder System, Inc. has a 52 week low of $116.58 and a 52 week high of $171.78. The company has a market capitalization of $5.98 billion, a P/E ratio of 13.05 and a beta of 0.94. 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 issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share for the quarter, beating analysts' consensus estimates of $2.40 by $0.06. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. Ryder System's revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.14 EPS. On average, analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

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 $0.81 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.24 annualized dividend and a dividend yield of 2.24%. Ryder System's dividend payout ratio is currently 28.25%.

Insider Activity

In related news, Director E Follin Smith sold 1,243 shares of the business's 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.20% of the company's stock.

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.