Ryder System, Inc. (NYSE:R) Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc boosted its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 18.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,768 shares of the transportation company's stock after buying an additional 2,595 shares during the period. Ensign Peak Advisors Inc's holdings in Ryder System were worth $2,630,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. FORA Capital LLC acquired a new position in shares of Ryder System in the fourth quarter valued at approximately $387,000. Deutsche Bank AG boosted its stake in shares of Ryder System by 1.6% in the fourth quarter. Deutsche Bank AG now owns 4,136 shares of the transportation company's stock valued at $649,000 after buying an additional 65 shares in the last quarter. Crestline Management LP purchased a new stake in shares of Ryder System in the fourth quarter valued at approximately $648,000. Cetera Investment Advisers boosted its stake in shares of Ryder System by 1.0% in the fourth quarter. Cetera Investment Advisers now owns 21,218 shares of the transportation company's stock valued at $3,328,000 after buying an additional 219 shares in the last quarter. Finally, Brevan Howard Capital Management LP boosted its stake in shares of 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 valued at $869,000 after buying an additional 1,620 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on R shares. StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Stephens decreased their target price on Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. decreased their target price on Ryder System from $174.00 to $165.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $160.50.

Insider Activity at Ryder System

In other news, Director E Follin Smith sold 1,243 shares of the stock in a transaction dated 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 in the company, valued at approximately $5,746,612.76. This trade represents 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 link. Insiders own 5.20% of the company's stock.

Ryder System Price Performance

Shares of NYSE:R traded down $1.84 on Monday, hitting $156.48. The company had a trading volume of 270,225 shares, compared to its average volume of 317,413. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System, Inc. has a 52-week low of $116.58 and a 52-week high of $171.78. The business has a 50 day moving average of $142.10 and a 200 day moving average of $154.32. The company has a market cap of $6.47 billion, a PE ratio of 14.11 and a beta of 0.94.

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, beating the consensus estimate of $2.40 by $0.06. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.17 billion. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The business's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.14 earnings per share. As a group, equities analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, May 19th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.24 annualized dividend and a yield of 2.07%. Ryder System's 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.