Ryder System, Inc. (NYSE:R) Stake Lifted by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 60.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 24,010 shares of the transportation company's stock after acquiring an additional 9,001 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.06% of Ryder System worth $3,454,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on R shares. JPMorgan Chase & Co. upped their price target on Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Barclays began coverage on Ryder System in a report on Monday, June 9th. They set an "overweight" rating and a $190.00 price objective on the stock. Wall Street Zen lowered Ryder System from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Susquehanna began coverage on shares of Ryder System in a research note on Tuesday, July 15th. They issued a "positive" rating and a $215.00 price target on the stock. Finally, Wolfe Research raised Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price target on the stock in a research report on Tuesday, July 1st. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $179.43.

Insider Buying and Selling

In other news, CEO Robert E. Sanchez sold 18,496 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total value of $2,880,382.08. Following the completion of the sale, the chief executive officer directly owned 40,824 shares of the company's stock, valued at $6,357,521.52. This represents a 31.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director E Follin Smith sold 1,243 shares of the 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 directly owned 39,802 shares of the company's stock, valued at $5,746,612.76. This trade represents a 3.03% decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

Ryder System Stock Performance

NYSE R opened at $171.99 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.21. The company has a 50-day simple moving average of $158.17 and a two-hundred day simple moving average of $153.21. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 15.00 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.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.06. Ryder System had a return on equity of 17.64% and a net margin of 3.96%. The company had revenue of $3.13 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. On average, equities analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Increases Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Monday, August 18th. Ryder System's payout ratio is currently 28.25%.

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.

Want to see what other hedge funds are holding R? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryder System, Inc. (NYSE:R - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.