James Investment Research Inc. Has $983,000 Stake in Ryder System, Inc. (NYSE:R)

James Investment Research Inc. reduced its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 44.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,836 shares of the transportation company's stock after selling 5,538 shares during the period. James Investment Research Inc.'s holdings in Ryder System were worth $983,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Leigh Baldwin & CO. LLC acquired a new position in shares of Ryder System during the fourth quarter worth about $40,475,000. State of Alaska Department of Revenue raised its holdings in Ryder System by 2.2% during the first quarter. State of Alaska Department of Revenue now owns 4,928 shares of the transportation company's stock worth $708,000 after acquiring an additional 105 shares in the last quarter. DAVENPORT & Co LLC bought a new stake in Ryder System during the first quarter worth about $557,000. GAMMA Investing LLC raised its holdings in Ryder System by 41.8% during the first quarter. GAMMA Investing LLC now owns 1,278 shares of the transportation company's stock worth $184,000 after acquiring an additional 377 shares in the last quarter. Finally, Gotham Asset Management LLC raised its holdings in Ryder System by 10.3% during the fourth quarter. Gotham Asset Management LLC now owns 73,785 shares of the transportation company's stock worth $11,574,000 after acquiring an additional 6,908 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. 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 report on Friday, April 25th. Wall Street Zen lowered Ryder System from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Barclays assumed coverage on Ryder System in a report on Monday, June 9th. They set an "overweight" rating and a $190.00 target price on the stock. JPMorgan Chase & Co. upped their target price on Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Finally, Susquehanna began coverage on Ryder System in a report on Tuesday. They set a "positive" rating and a $215.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Ryder System currently has a consensus rating of "Moderate Buy" and a consensus price target of $179.43.

Insider Buying and Selling

In related news, Director E Follin Smith sold 1,243 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $144.38, for a total transaction of $179,464.34. Following the sale, the director 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert E. Sanchez sold 18,496 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $155.73, for a total value of $2,880,382.08. Following the sale, 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 company insiders.

Ryder System Stock Performance

NYSE:R traded down $2.24 on Friday, hitting $169.76. The company's stock had a trading volume of 628,604 shares, compared to its average volume of 329,164. 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 has a fifty day moving average of $158.17 and a two-hundred day moving average of $153.25. The firm has a market capitalization of $7.02 billion, a P/E ratio of 13.76 and a beta of 0.97. Ryder System, Inc. has a one year low of $123.36 and a one year high of $177.40.

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 (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.06. The firm had revenue of $3.13 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 business's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.14 earnings per share. Research analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.14%. This is a positive change from Ryder System's previous quarterly dividend of $0.81. Ryder System's dividend payout ratio (DPR) is 28.25%.

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.