Sherbrooke Park Advisers LLC Purchases New Stake in Ryder System, Inc. (NYSE:R)

Sherbrooke Park Advisers LLC acquired a new position in Ryder System, Inc. (NYSE:R - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,873 shares of the transportation company's stock, valued at approximately $451,000.

A number of other institutional investors also recently bought and sold shares of R. Keystone Financial Group Inc. acquired a new position in Ryder System in the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. purchased a new position in Ryder System in the 4th quarter valued at $26,000. R Squared Ltd acquired a new stake in Ryder System in the 4th quarter valued at about $45,000. Principal Securities Inc. grew its holdings in shares of Ryder System by 36.5% in the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after purchasing an additional 92 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of Ryder System by 36.6% in the 4th quarter. UMB Bank n.a. now owns 362 shares of the transportation company's stock valued at $57,000 after purchasing an additional 97 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors.

Insider Activity at Ryder System

In related news, Director E Follin Smith sold 1,243 shares of Ryder System stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $144.38, for a total value of $179,464.34. Following the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.20% of the company's stock.

Ryder System Stock Performance

Shares of R traded down $1.41 during trading hours on Tuesday, reaching $154.87. 272,652 shares of the company's stock traded hands, compared to its average volume of 317,813. The business's fifty day simple moving average is $142.71 and its two-hundred day simple moving average is $154.39. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 13.96 and a beta of 0.94. Ryder System, Inc. has a twelve month low of $116.58 and a twelve month high of $171.78.

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, beating analysts' consensus estimates of $2.40 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the previous year, the company posted $2.14 earnings per share. Ryder System's revenue for the quarter was up 1.1% compared to the same quarter last year. Analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 19th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.09%. Ryder System's payout ratio is presently 28.25%.

Analyst Ratings Changes

Several brokerages have recently issued reports on R. StockNews.com cut Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. decreased their price target on Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, Stephens lowered their price target 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. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $160.50.

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.