FORA Capital LLC Invests $387,000 in Ryder System, Inc. (NYSE:R)

FORA Capital LLC bought a new stake in Ryder System, Inc. (NYSE:R - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,464 shares of the transportation company's stock, valued at approximately $387,000.

Other large investors have also recently made changes to their positions in the company. Keystone Financial Group Inc. purchased a new stake in shares of Ryder System in the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in Ryder System during the fourth quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Ryder System during the third quarter worth approximately $34,000. R Squared Ltd acquired a new stake in Ryder System during the fourth quarter worth approximately $45,000. Finally, Principal Securities Inc. raised its holdings in Ryder System by 36.5% during 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 in the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com downgraded shares of 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 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. Finally, Stephens decreased 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Ryder System currently has an average rating of "Moderate Buy" and an average target price of $160.50.

Ryder System Stock Up 0.0%

Shares of Ryder System stock traded up $0.02 during trading on Wednesday, reaching $159.83. The company had a trading volume of 422,148 shares, compared to its average volume of 316,580. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 14.41 and a beta of 0.94. The firm's fifty day moving average is $141.50 and its 200-day moving average is $154.01. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. Ryder System, Inc. has a fifty-two week low of $116.58 and a fifty-two week high of $171.78.

Ryder System (NYSE:R - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.40 by $0.06. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.17 billion. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The company's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.14 EPS. On average, analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Monday, May 19th. Ryder System's dividend payout ratio is presently 28.25%.

Insiders Place Their Bets

In other news, Director E Follin Smith sold 1,243 shares of the firm's stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

Ryder System 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.