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) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,544 shares of the transportation company's stock, valued at approximately $870,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC grew its stake in shares of Ryder System by 13.1% in the third quarter. Barclays PLC now owns 28,780 shares of the transportation company's stock worth $4,196,000 after acquiring an additional 3,344 shares in the last quarter. UMB Bank n.a. increased its position in shares of Ryder System by 36.6% during the fourth quarter. UMB Bank n.a. now owns 362 shares of the transportation company's stock worth $57,000 after purchasing an additional 97 shares in the last quarter. DGS Capital Management LLC grew its stake in Ryder System by 7.9% during the 4th quarter. DGS Capital Management LLC now owns 1,538 shares of the transportation company's stock worth $241,000 after buying an additional 113 shares during the last quarter. Linden Thomas Advisory Services LLC increased its position in Ryder System by 23.2% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 5,962 shares of the transportation company's stock worth $935,000 after buying an additional 1,123 shares during the period. Finally, Blue Trust Inc. lifted its stake in Ryder System by 17.3% in the fourth quarter. Blue Trust Inc. now owns 5,952 shares of the transportation company's stock valued at $868,000 after buying an additional 877 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Ryder System news, Director E Follin Smith sold 1,243 shares of the 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 completion of the sale, the director now owns 39,802 shares of the company's stock, valued at $5,746,612.76. This trade represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert E. Sanchez sold 18,496 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total value of $2,880,382.08. Following the completion of the transaction, the chief executive officer now directly owns 40,824 shares of the company's stock, valued at $6,357,521.52. This represents a 31.18% decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wall Street Zen downgraded Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. dropped 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 note on Thursday, April 24th. Finally, Stephens lowered their price objective on Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $160.50.

Ryder System Price Performance

R stock traded down $1.15 during trading on Wednesday, hitting $151.22. The stock had a trading volume of 63,527 shares, compared to its average volume of 318,199. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 13.62 and a beta of 0.94. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The company's 50 day moving average price is $143.71 and its two-hundred day moving average price is $154.18. Ryder System, Inc. has a 1-year low of $116.58 and a 1-year high of $171.78.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $3.13 billion for 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%. The company's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.14 earnings per share. On average, sell-side analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

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 given a dividend of $0.81 per share. The ex-dividend date is Monday, May 19th. This represents a $3.24 annualized dividend and a yield of 2.14%. Ryder System's dividend payout ratio (DPR) is presently 28.25%.

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.