Jacobs Levy Equity Management Inc. Boosts Stock Position in Ryder System, Inc. (NYSE:R)

Jacobs Levy Equity Management Inc. boosted its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 2.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 434,271 shares of the transportation company's stock after purchasing an additional 8,657 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 1.03% of Ryder System worth $68,120,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Deutsche Bank AG grew its position in Ryder System by 1.6% during the 4th 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 during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Ryder System by 0.9% during the 4th quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company's stock valued at $1,282,000 after acquiring an additional 68 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of Ryder System by 3.6% during the 4th quarter. Savant Capital LLC now owns 2,438 shares of the transportation company's stock valued at $382,000 after acquiring an additional 84 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Ryder System by 0.9% during the 4th 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 during the last quarter. Finally, Principal Securities Inc. boosted its holdings in shares of Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after acquiring an additional 92 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director E Follin Smith sold 1,243 shares of Ryder System stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $144.38, for a total transaction of $179,464.34. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.20% of the company's stock.

Ryder System Stock Performance

Shares of NYSE:R traded up $0.02 during trading on Wednesday, hitting $159.83. The company's stock had a trading volume of 422,148 shares, compared to its average volume of 316,580. The company has a 50-day moving average of $141.68 and a 200-day moving average of $154.05. Ryder System, Inc. has a 12 month low of $116.58 and a 12 month high of $171.78. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 14.41 and a beta of 0.94.

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

Ryder System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 19th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Monday, May 19th. Ryder System's payout ratio is currently 28.25%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on R. 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 report on Friday, April 25th. 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 report on Thursday, April 24th. Finally, StockNews.com downgraded shares of Ryder System from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $160.50.

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.