Two Sigma Investments LP Increases Stake in Ryder System, Inc. (NYSE:R)

Two Sigma Investments LP grew its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 28.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,337 shares of the transportation company's stock after acquiring an additional 5,551 shares during the quarter. Two Sigma Investments LP owned about 0.06% of Ryder System worth $3,974,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Wealthfront Advisers LLC acquired a new position in shares of Ryder System during the fourth quarter valued at about $314,075,000. Earnest Partners LLC increased its holdings in shares of Ryder System by 2.4% during the fourth quarter. Earnest Partners LLC now owns 1,905,223 shares of the transportation company's stock valued at $298,853,000 after acquiring an additional 45,393 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Ryder System by 1.6% during the fourth quarter. Sei Investments Co. now owns 856,507 shares of the transportation company's stock valued at $134,351,000 after acquiring an additional 13,529 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Ryder System by 0.3% during the fourth quarter. American Century Companies Inc. now owns 843,895 shares of the transportation company's stock valued at $132,373,000 after acquiring an additional 2,121 shares in the last quarter. Finally, FMR LLC boosted its position in Ryder System by 3.1% in the fourth quarter. FMR LLC now owns 805,571 shares of the transportation company's stock valued at $126,362,000 after buying an additional 24,052 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Insiders Place Their Bets

In other 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 transaction, the director now owns 39,802 shares in the company, valued at $5,746,612.76. This trade represents a 3.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $155.73, for a total value of $2,880,382.08. Following the transaction, the chief executive officer now owns 40,824 shares in the company, valued at $6,357,521.52. This trade represents a 31.18% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company's stock.

Analyst Ratings Changes

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

Ryder System Stock Performance

Ryder System stock traded down $0.99 during mid-day trading on Monday, hitting $146.14. The company had a trading volume of 419,312 shares, compared to its average volume of 324,264. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System, Inc. has a 12-month low of $116.58 and a 12-month high of $171.78. The company's fifty day moving average is $144.06 and its 200-day moving average is $153.63. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 13.18 and a beta of 0.94.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $3.17 billion. During the same quarter in the prior year, the firm posted $2.14 EPS. The business's quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts predict that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

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 given a $0.81 dividend. The ex-dividend date is Monday, May 19th. This represents a $3.24 annualized dividend and a yield of 2.22%. Ryder System's dividend payout ratio is presently 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.