Russell Investments Group Ltd. Acquires 6,243 Shares of Ryder System, Inc. (NYSE:R)

Russell Investments Group Ltd. raised its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,434 shares of the transportation company's stock after acquiring an additional 6,243 shares during the period. Russell Investments Group Ltd. owned approximately 0.09% of Ryder System worth $4,768,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of R. Contravisory Investment Management Inc. acquired a new position in shares of Ryder System in the 4th quarter valued at $26,000. Headlands Technologies LLC acquired a new position in Ryder System during the third quarter worth $26,000. GAMMA Investing LLC acquired a new position in Ryder System during the fourth quarter worth $45,000. Quent Capital LLC raised its position in Ryder System by 17.7% during the fourth quarter. Quent Capital LLC now owns 745 shares of the transportation company's stock worth $86,000 after acquiring an additional 112 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in Ryder System by 110.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,789 shares of the transportation company's stock worth $191,000 after acquiring an additional 939 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ryder System

In related news, CMO Karen M. Jones sold 7,737 shares of Ryder System stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total value of $877,994.76. Following the transaction, the chief marketing officer now directly owns 12,396 shares in the company, valued at approximately $1,406,698.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CMO Karen M. Jones sold 7,737 shares of the company's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total transaction of $877,994.76. Following the transaction, the chief marketing officer now directly owns 12,396 shares of the company's stock, valued at approximately $1,406,698.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas M. Havens sold 8,000 shares of the company's stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $119.40, for a total transaction of $955,200.00. Following the transaction, the insider now directly owns 24,401 shares in the company, valued at $2,913,479.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,131 shares of company stock worth $4,377,219. Insiders own 5.10% of the company's stock.

Ryder System Stock Down 0.6 %

Ryder System stock traded down $0.76 during mid-day trading on Friday, hitting $126.64. The company had a trading volume of 160,827 shares, compared to its average volume of 294,845. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 16.49 and a beta of 1.38. Ryder System, Inc. has a 1 year low of $77.60 and a 1 year high of $128.12. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.22. The business has a fifty day moving average of $117.59 and a 200 day moving average of $112.51.

Ryder System (NYSE:R - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.71 by $0.43. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.06 billion. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $2.81 earnings per share. On average, sell-side analysts expect that Ryder System, Inc. will post 11.98 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Monday, May 20th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.24%. Ryder System's dividend payout ratio (DPR) is presently 36.98%.

Analysts Set New Price Targets

R has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Ryder System from a "hold" rating to a "buy" rating in a research report on Wednesday, April 24th. The Goldman Sachs Group increased their target price on shares of Ryder System from $122.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. increased their price target on shares of Ryder System from $120.00 to $126.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 24th. Stephens increased their price target on shares of Ryder System from $113.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 24th. Finally, Wells Fargo & Company raised their target price on shares of Ryder System from $100.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Ryder System presently has a consensus rating of "Hold" and an average price target of $126.83.

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.