Rhumbline Advisers Sells 2,105 Shares of Ryder System, Inc. (NYSE:R)

Rhumbline Advisers decreased its stake in Ryder System, Inc. (NYSE:R - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,848 shares of the transportation company's stock after selling 2,105 shares during the period. Rhumbline Advisers owned approximately 0.28% of Ryder System worth $16,660,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Leigh Baldwin & CO. LLC acquired a new position in Ryder System in the 4th quarter valued at approximately $40,475,000. James Investment Research Inc. raised its stake in shares of Ryder System by 32.0% in the fourth quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company's stock valued at $1,941,000 after purchasing an additional 2,999 shares in the last quarter. Barclays PLC raised its stake in shares of Ryder System by 13.1% in the third quarter. Barclays PLC now owns 28,780 shares of the transportation company's stock valued at $4,196,000 after purchasing an additional 3,344 shares in the last quarter. Gotham Asset Management LLC lifted its position in Ryder System by 10.3% in the fourth quarter. Gotham Asset Management LLC now owns 73,785 shares of the transportation company's stock worth $11,574,000 after purchasing an additional 6,908 shares during the period. Finally, J. Goldman & Co LP boosted its stake in Ryder System by 16.6% during the fourth quarter. J. Goldman & Co LP now owns 196,923 shares of the transportation company's stock worth $30,889,000 after buying an additional 28,035 shares in the last quarter. Institutional investors own 87.47% of the company's stock.

Ryder System Price Performance

Shares of NYSE R traded up $2.52 during mid-day trading on Monday, hitting $153.11. 229,356 shares of the stock were exchanged, compared to its average volume of 325,545. Ryder System, Inc. has a twelve month low of $116.58 and a twelve month high of $171.78. The stock's fifty day simple moving average is $144.53 and its two-hundred day simple moving average is $153.33. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $6.33 billion, a P/E ratio of 13.81 and a beta of 0.96.

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

Ryder System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Monday, May 19th. Ryder System's dividend 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 now owns 39,802 shares of the company's stock, valued at approximately $5,746,612.76. This trade represents a 3.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the chief executive officer now 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. Corporate insiders own 5.20% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on R shares. JPMorgan Chase & Co. dropped their price objective 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. Barclays started coverage on shares of Ryder System in a research report on Monday. They issued an "overweight" rating and a $190.00 price target for the company. Wall Street Zen cut shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, Stephens lowered their price objective on Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $164.71.

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.