New York State Common Retirement Fund Buys 2,000 Shares of Ryder System, Inc. (NYSE:R)

New York State Common Retirement Fund grew its stake in Ryder System, Inc. (NYSE:R - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,963 shares of the transportation company's stock after purchasing an additional 2,000 shares during the period. New York State Common Retirement Fund owned approximately 0.07% of Ryder System worth $4,165,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Ryder System in the 1st quarter valued at $26,000. Curat Global LLC acquired a new position in Ryder System in the first quarter valued at about $55,000. Kapitalo Investimentos Ltda acquired a new position in Ryder System in the fourth quarter valued at about $59,000. New Age Alpha Advisors LLC acquired a new position in Ryder System in the fourth quarter valued at about $86,000. Finally, Group One Trading LLC lifted its stake in Ryder System by 553.0% in the fourth quarter. Group One Trading LLC now owns 653 shares of the transportation company's stock valued at $102,000 after buying an additional 553 shares during the period. 87.47% of the stock is currently owned by institutional investors.

Insider Activity at Ryder System

In other news, Director E Follin Smith sold 1,243 shares of the company'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 transaction, the director directly owned 39,802 shares of the company's stock, valued at $5,746,612.76. This represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert E. Sanchez sold 18,496 shares of the business's stock in a transaction on 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 sale, the chief executive officer owned 40,824 shares in the company, valued at approximately $6,357,521.52. The trade was a 31.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

Ryder System Trading Up 3.1%

Shares of Ryder System stock traded up $5.29 on Thursday, hitting $178.11. 592,601 shares of the company's stock traded hands, compared to its average volume of 379,927. Ryder System, Inc. has a one year low of $123.36 and a one year high of $180.00. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.73 and a quick ratio of 0.73. The company has a fifty day moving average of $158.65 and a two-hundred day moving average of $153.40. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 15.52 and a beta of 0.97.

Ryder System (NYSE:R - Get Free Report) last announced its earnings results on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, beating the consensus estimate of $3.11 by $0.21. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.17 billion. Ryder System had a return on equity of 17.64% and a net margin of 3.96%. The firm's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.00 EPS. As a group, sell-side analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 18th will be issued a $0.91 dividend. The ex-dividend date is Monday, August 18th. This is a positive change from Ryder System's previous quarterly dividend of $0.81. This represents a $3.64 annualized dividend and a dividend yield of 2.04%. Ryder System's dividend payout ratio is currently 28.25%.

Analyst Ratings Changes

A number of brokerages recently issued reports on R. Stephens dropped 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. Robert W. Baird began coverage on Ryder System in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $186.00 target price on the stock. Susquehanna began coverage on Ryder System in a research report on Tuesday, July 15th. They issued a "positive" rating and a $215.00 target price on the stock. Wall Street Zen downgraded Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, Wolfe Research upgraded Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price target for the company in a research note on Tuesday, July 1st. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $179.43.

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.