Ryder System, Inc. (NYSE:R) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 50.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,800 shares of the transportation company's stock after acquiring an additional 11,400 shares during the period. Two Sigma Advisers LP owned 0.08% of Ryder System worth $5,302,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Keystone Financial Group Inc. bought a new stake in Ryder System in the fourth quarter worth 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. lifted its stake 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 purchasing an additional 92 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Ryder System by 36.6% in the fourth quarter. UMB Bank n.a. now owns 362 shares of the transportation company's stock worth $57,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 87.47% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on R. JPMorgan Chase & Co. reduced their target price on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Stephens reduced their target price on shares of Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Finally, Wall Street Zen lowered shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $160.50.

Insiders Place Their Bets

In other news, Director E Follin Smith sold 1,243 shares of Ryder System stock in a transaction on Monday, May 5th. The shares were sold at an average price of $144.38, for a total transaction of $179,464.34. Following the completion of the sale, the director now directly owns 39,802 shares in the company, valued at approximately $5,746,612.76. The trade was a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert E. Sanchez sold 18,496 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total transaction of $2,880,382.08. Following the transaction, the chief executive officer now owns 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 disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

Ryder System Stock Down 2.0%

R stock traded down $3.07 during trading on Friday, hitting $147.64. 92,973 shares of the company's stock traded hands, compared to its average volume of 319,281. The firm has a market capitalization of $6.10 billion, a P/E ratio of 13.31 and a beta of 0.94. The business has a fifty day simple moving average of $143.99 and a two-hundred day simple moving average of $154.05. 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, Inc. has a 1 year low of $116.58 and a 1 year high of $171.78.

Ryder System (NYSE:R - Get Free Report) last issued 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. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the company posted $2.14 earnings per share. Ryder System's revenue was up 1.1% compared to the same quarter last year. Sell-side analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 19th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.19%. The ex-dividend date is Monday, May 19th. Ryder System's dividend payout ratio is currently 28.25%.

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.