UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Ryder System, Inc. (NYSE:R)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 159,569 shares of the transportation company's stock after buying an additional 12,905 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.38% of Ryder System worth $25,030,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in R. Barclays PLC lifted its stake in shares of Ryder System by 13.1% in the 3rd quarter. Barclays PLC now owns 28,780 shares of the transportation company's stock valued at $4,196,000 after purchasing an additional 3,344 shares during the period. Blue Trust Inc. lifted its stake in shares of Ryder System by 17.3% in the 4th quarter. Blue Trust Inc. now owns 5,952 shares of the transportation company's stock valued at $868,000 after purchasing an additional 877 shares during the period. KBC Group NV lifted its stake in shares of Ryder System by 59.9% in the 4th quarter. KBC Group NV now owns 1,970 shares of the transportation company's stock valued at $309,000 after purchasing an additional 738 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Ryder System by 17.5% in the 4th quarter. Pacer Advisors Inc. now owns 10,338 shares of the transportation company's stock valued at $1,622,000 after purchasing an additional 1,543 shares during the period. Finally, Nilsine Partners LLC bought a new stake in Ryder System in the 4th quarter valued at about $231,000. 87.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ryder System

In other Ryder System news, CEO Robert E. Sanchez sold 18,496 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $155.73, for a total transaction of $2,880,382.08. Following the completion of the transaction, the chief executive officer now directly owns 40,824 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Also, Director E Follin Smith sold 1,243 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $144.38, for a total value of $179,464.34. Following the transaction, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company's stock.

Wall Street Analysts Forecast Growth

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

Ryder System Stock Down 2.5%

R traded down $3.79 during midday trading on Friday, reaching $146.92. 1,121,665 shares of the company were exchanged, compared to its average volume of 323,884. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The company's fifty day moving average price is $144.03 and its 200 day moving average price is $153.75. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 13.25 and a beta of 0.94. Ryder System, Inc. has a one year low of $116.58 and a one 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 EPS for the quarter, topping analysts' consensus estimates of $2.40 by $0.06. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.17 billion. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The company's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.14 EPS. As a group, analysts expect that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 19th will be paid a $0.81 dividend. The ex-dividend date is Monday, May 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.21%. Ryder System's payout ratio is presently 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.