New York State Teachers Retirement System Lowers Stake in Ryder System, Inc. (NYSE:R)

New York State Teachers Retirement System reduced its stake in Ryder System, Inc. (NYSE:R - Free Report) by 5.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,732 shares of the transportation company's stock after selling 2,663 shares during the period. New York State Teachers Retirement System owned 0.12% of Ryder System worth $7,008,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of R. SBI Securities Co. Ltd. bought a new position in shares of Ryder System in the 4th quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Ryder System in the 1st quarter worth about $26,000. Curat Global LLC bought a new position in shares of Ryder System in the 1st quarter worth about $55,000. Kapitalo Investimentos Ltda bought a new position in shares of Ryder System in the 4th quarter worth about $59,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of Ryder System in the 4th quarter worth about $86,000. 87.47% of the stock is owned by institutional investors.

Insider Transactions at Ryder System

In other news, Director E Follin Smith sold 1,243 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $144.38, for a total transaction of $179,464.34. Following the transaction, the director owned 39,802 shares in the company, 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 through this hyperlink. Also, CEO Robert E. Sanchez sold 18,496 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total transaction of $2,880,382.08. Following the transaction, the chief executive officer owned 40,824 shares in the company, valued at approximately $6,357,521.52. This trade represents a 31.18% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company's stock.

Ryder System Trading Up 1.6%

Shares of R traded up $2.65 during trading hours on Tuesday, reaching $171.91. 63,850 shares of the company traded hands, compared to its average volume of 323,976. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 14.99 and a beta of 0.97. Ryder System, Inc. has a 12-month low of $117.17 and a 12-month high of $172.72. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.21. The stock's fifty day moving average price is $152.61 and its 200 day moving average price is $152.25.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share for the quarter, topping analysts' consensus estimates of $2.40 by $0.06. Ryder System had a net margin of 3.96% and a return on equity of 17.64%. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period in the prior year, the firm earned $2.14 earnings per share. The firm's revenue for the quarter was up 1.1% compared to the same quarter last year. Sell-side analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, May 19th were issued a $0.81 dividend. The ex-dividend date was Monday, May 19th. This represents a $3.24 dividend on an annualized basis and a yield of 1.88%. Ryder System's dividend payout ratio is presently 28.25%.

Analysts Set New Price Targets

A number of research firms have weighed in on R. Wall Street Zen lowered shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. raised their price objective on shares of Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a report on Tuesday. Robert W. Baird initiated coverage on shares of Ryder System in a report on Tuesday, July 1st. They issued an "outperform" rating and a $186.00 price objective on the stock. Baird R W raised shares of Ryder System to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, Wolfe Research raised shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price objective on the stock in a report on Tuesday, July 1st. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Ryder System currently has an average rating of "Moderate Buy" and an average target price of $173.50.

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.