J. Goldman & Co LP Acquires 28,035 Shares of Ryder System, Inc. (NYSE:R)

J. Goldman & Co LP increased its stake in Ryder System, Inc. (NYSE:R - Free Report) by 16.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,923 shares of the transportation company's stock after acquiring an additional 28,035 shares during the quarter. Ryder System accounts for approximately 0.8% of J. Goldman & Co LP's portfolio, making the stock its 28th largest position. J. Goldman & Co LP owned approximately 0.47% of Ryder System worth $30,889,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of R. James Investment Research Inc. raised its position in shares of Ryder System by 32.0% during the fourth quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company's stock worth $1,941,000 after purchasing an additional 2,999 shares during the period. Franklin Resources Inc. increased its stake in Ryder System by 14.3% during the 3rd quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company's stock valued at $20,724,000 after purchasing an additional 17,074 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Ryder System during the fourth quarter worth $12,242,000. Barclays PLC grew its holdings in shares of Ryder System by 13.1% during the third quarter. Barclays PLC now owns 28,780 shares of the transportation company's stock valued at $4,196,000 after buying an additional 3,344 shares during the last quarter. Finally, Gotham Asset Management LLC increased its position in shares of Ryder System by 10.3% during the fourth quarter. Gotham Asset Management LLC now owns 73,785 shares of the transportation company's stock worth $11,574,000 after acquiring an additional 6,908 shares in 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 company'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 owns 39,802 shares of the company's stock, valued at $5,746,612.76. This represents a 3.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on R shares. JPMorgan Chase & Co. dropped their price target 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 decreased their price target on Ryder System from $168.00 to $150.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Finally, StockNews.com lowered 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 company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $160.50.

Ryder System Stock Performance

Shares of R traded up $0.94 on Friday, reaching $158.46. 297,059 shares of the company's stock traded hands, compared to its average volume of 316,926. The stock's 50 day simple moving average is $141.87 and its two-hundred day simple moving average is $154.14. The stock has a market cap of $6.55 billion, a PE ratio of 14.29 and a beta of 0.94. Ryder System, Inc. has a 52-week low of $116.58 and a 52-week high of $171.78. 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 (NYSE:R - Get Free Report) last announced its earnings results 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. 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 business's revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $2.14 EPS. On average, analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal 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. This represents a $3.24 annualized dividend and a yield of 2.04%. The ex-dividend date is Monday, May 19th. Ryder System's dividend payout ratio is 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.