Phocas Financial Corp. Acquires 12,158 Shares of Ryder System, Inc. (NYSE:R)

Phocas Financial Corp. raised its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 35.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,545 shares of the transportation company's stock after buying an additional 12,158 shares during the period. Phocas Financial Corp. owned about 0.11% of Ryder System worth $7,301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in R. Keystone Financial Group Inc. bought a new position in shares of Ryder System during the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. bought a new stake in Ryder System in the fourth quarter worth about $26,000. R Squared Ltd bought a new stake in Ryder System in the fourth quarter worth about $45,000. Principal Securities Inc. raised its position in Ryder System by 36.5% in the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock worth $54,000 after acquiring an additional 92 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new stake in Ryder System in the fourth quarter worth about $59,000. 87.47% of the stock is owned by institutional investors.

Ryder System Price Performance

NYSE:R traded down $3.79 during mid-day trading on Friday, hitting $146.92. 1,121,665 shares of the stock traded hands, compared to its average volume of 323,782. The business's 50-day moving average price is $144.03 and its 200 day moving average price is $153.93. The company has a market cap of $6.07 billion, a PE ratio of 13.25 and a beta of 0.94. Ryder System, Inc. has a 12-month low of $116.58 and a 12-month high of $171.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.40 by $0.06. The company had revenue of $3.13 billion during the quarter, compared to analysts' expectations of $3.17 billion. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. Ryder System's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.14 earnings per share. On average, analysts expect that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, May 19th will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.24 annualized dividend and a yield of 2.21%. Ryder System's dividend payout ratio is currently 28.25%.

Insider Activity at Ryder System

In other Ryder System news, Director E Follin Smith sold 1,243 shares of the business's 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 transaction, the director now owns 39,802 shares of the company's stock, valued at $5,746,612.76. The trade was a 3.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert E. Sanchez sold 18,496 shares of the business's 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 now directly owns 40,824 shares of the company's stock, valued at approximately $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.

Analyst Ratings Changes

R has been the topic of several research reports. Wall Street Zen lowered shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Stephens reduced their target price on shares of 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, JPMorgan Chase & Co. reduced their target price on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $160.50.

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.