Croban Invests $1.28 Million in Ryder System, Inc. (NYSE:R)

Croban acquired a new position in shares of Ryder System, Inc. (NYSE:R - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,917 shares of the transportation company's stock, valued at approximately $1,282,000. Ryder System makes up about 1.2% of Croban's portfolio, making the stock its 29th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in R. Norges Bank acquired a new stake in shares of Ryder System in the 4th quarter valued at about $97,844,000. Leigh Baldwin & CO. LLC acquired a new stake in shares of Ryder System in the 4th quarter valued at about $40,475,000. GAMMA Investing LLC boosted its position in shares of Ryder System by 20,298.3% in the 1st quarter. GAMMA Investing LLC now owns 183,789 shares of the transportation company's stock valued at $26,431,000 after purchasing an additional 182,888 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Ryder System in the 4th quarter valued at about $16,317,000. Finally, Northern Trust Corp boosted its position in shares of Ryder System by 28.1% in the 4th quarter. Northern Trust Corp now owns 447,890 shares of the transportation company's stock valued at $70,256,000 after purchasing an additional 98,196 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ryder System

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

Ryder System Stock Performance

Shares of R stock traded up $0.24 during trading hours on Friday, reaching $176.25. 481,580 shares of the company's stock were exchanged, compared to its average volume of 326,505. The company has a market cap of $7.29 billion, a P/E ratio of 15.37 and a beta of 0.97. The company's 50 day moving average is $155.29 and its two-hundred day moving average is $152.76. Ryder System, Inc. has a 1 year low of $123.36 and a 1 year high of $177.40. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.73 and a quick ratio of 0.73.

Ryder System (NYSE:R - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.40 by $0.06. Ryder System had a return on equity of 17.64% and a net margin of 3.96%. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the business posted $2.14 EPS. The company's revenue for the quarter was up 1.1% on a year-over-year basis. Equities research analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be paid a $0.91 dividend. This is an increase from Ryder System's previous quarterly dividend of $0.81. This represents a $3.64 annualized dividend and a yield of 2.07%. The ex-dividend date is Monday, August 18th. Ryder System's dividend payout ratio (DPR) is presently 28.25%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wolfe Research raised Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 target price for the company in a research report on Tuesday, July 1st. Barclays initiated coverage on Ryder System in a research note on Monday, June 9th. They set an "overweight" rating and a $190.00 price objective for the company. Robert W. Baird initiated coverage on Ryder System in a research note on Tuesday, July 1st. They set an "outperform" rating and a $186.00 price objective for the company. Stephens reduced their price objective on 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, Wall Street Zen downgraded Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $173.50.

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.