Nisa Investment Advisors LLC Has $6.57 Million Stake in Ryder System, Inc. (NYSE:R)

Nisa Investment Advisors LLC lifted its stake in Ryder System, Inc. (NYSE:R - Free Report) by 266.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,698 shares of the transportation company's stock after purchasing an additional 33,214 shares during the period. Nisa Investment Advisors LLC owned 0.11% of Ryder System worth $6,572,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Invst LLC boosted its position in Ryder System by 0.7% during the fourth quarter. Invst LLC now owns 8,315 shares of the transportation company's stock valued at $1,304,000 after acquiring an additional 61 shares during the last quarter. Deutsche Bank AG increased its position 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 acquiring an additional 65 shares during the period. Baird Financial Group Inc. increased its position in shares of Ryder System by 0.9% during the fourth quarter. Baird Financial Group Inc. now owns 9,826 shares of the transportation company's stock valued at $1,541,000 after buying an additional 90 shares during the period. SummerHaven Investment Management LLC grew its holdings in Ryder System by 1.4% in the first quarter. SummerHaven Investment Management LLC now owns 6,534 shares of the transportation company's stock worth $940,000 after purchasing an additional 90 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in shares of Ryder System by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 4,928 shares of the transportation company's stock worth $708,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Ryder System Stock Performance

R traded down $0.18 on Tuesday, reaching $174.19. The stock had a trading volume of 289,212 shares, compared to its average volume of 325,996. The company has a market cap of $7.20 billion, a P/E ratio of 15.19 and a beta of 0.97. Ryder System, Inc. has a 12-month low of $123.36 and a 12-month high of $177.40. The business's 50-day moving average price is $155.29 and its two-hundred day moving average price is $152.68. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.21.

Ryder System (NYSE:R - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, beating analysts' consensus estimates of $2.40 by $0.06. The firm 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 3.96% and a return on equity of 17.64%. The company's revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm posted $2.14 EPS. Sell-side analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.91 per share. 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 2.09%. The ex-dividend date of this dividend is Monday, August 18th. Ryder System's payout ratio is currently 28.25%.

Insider Buying and Selling at Ryder System

In other news, Director E Follin Smith sold 1,243 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $144.38, for a total value of $179,464.34. Following the transaction, the director directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert E. Sanchez sold 18,496 shares of Ryder System stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 40,824 shares in the company, 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 currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

R has been the topic of a number of research reports. Barclays started coverage on shares of Ryder System in a research report on Monday, June 9th. They set an "overweight" rating and a $190.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on shares of Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Susquehanna started coverage on shares of Ryder System in a research report on Tuesday. They set a "positive" rating and a $215.00 price target on the stock. Wall Street Zen lowered shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. 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 equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.