Ryder System, Inc. (NYSE:R) Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 3.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 107,282 shares of the transportation company's stock after acquiring an additional 3,258 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.26% of Ryder System worth $15,428,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Invst LLC increased its stake in shares of Ryder System by 0.7% during the fourth quarter. Invst LLC now owns 8,315 shares of the transportation company's stock valued at $1,304,000 after purchasing an additional 61 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Ryder System by 1.6% during the fourth quarter. Deutsche Bank AG now owns 4,136 shares of the transportation company's stock valued at $649,000 after purchasing an additional 65 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Ryder System by 0.9% during the fourth quarter. Baird Financial Group Inc. now owns 9,826 shares of the transportation company's stock valued at $1,541,000 after acquiring an additional 90 shares in the last quarter. SummerHaven Investment Management LLC increased its position in shares of Ryder System by 1.4% during the first quarter. SummerHaven Investment Management LLC now owns 6,534 shares of the transportation company's stock valued at $940,000 after acquiring an additional 90 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Ryder System by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the transportation company's stock valued at $1,697,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company's stock.

Insider Activity at Ryder System

In other news, Director E Follin Smith sold 1,243 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director owned 39,802 shares of the company's stock, valued at approximately $5,746,612.76. This represents a 3.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert E. Sanchez sold 18,496 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 40,824 shares of the company's stock, valued at $6,357,521.52. The trade was a 31.18% 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 Trading Up 0.4%

Shares of R stock traded up $0.69 during trading hours on Monday, reaching $183.29. 48,583 shares of the stock were exchanged, compared to its average volume of 381,082. Ryder System, Inc. has a 12-month low of $123.36 and a 12-month high of $184.06. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27. The company's 50-day moving average price is $159.77 and its 200-day moving average price is $153.78. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 15.61 and a beta of 0.97.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, topping analysts' consensus estimates of $3.11 by $0.21. The firm had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $3.17 billion. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The firm's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $3.00 EPS. As a group, equities analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 18th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Monday, August 18th. This is a boost from Ryder System's previous quarterly dividend of $0.81. Ryder System's dividend payout ratio is presently 27.55%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on R shares. Susquehanna started coverage on shares of Ryder System in a report on Tuesday, July 15th. They issued a "positive" rating and a $215.00 target price on the stock. Robert W. Baird raised their target price on shares of Ryder System from $186.00 to $192.00 and gave the stock an "outperform" rating in a report on Monday. JPMorgan Chase & Co. lifted their price target on shares of Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Stephens dropped their price target on shares of Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Finally, Morgan Stanley lifted their price target on shares of Ryder System from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Monday. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $181.50.

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.