Redwood Investment Management LLC Buys Shares of 9,092 Ryder System, Inc. (NYSE:R)

Redwood Investment Management LLC purchased a new stake in Ryder System, Inc. (NYSE:R - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,092 shares of the transportation company's stock, valued at approximately $1,426,000.

Several other large investors also recently made changes to their positions in R. Wealthfront Advisers LLC acquired a new stake in shares of Ryder System in the fourth quarter valued at approximately $314,075,000. Earnest Partners LLC increased its stake in Ryder System by 2.4% in the 4th quarter. Earnest Partners LLC now owns 1,905,223 shares of the transportation company's stock valued at $298,853,000 after buying an additional 45,393 shares during the last quarter. Sei Investments Co. lifted its position in Ryder System by 1.6% during the 4th quarter. Sei Investments Co. now owns 856,507 shares of the transportation company's stock worth $134,351,000 after buying an additional 13,529 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Ryder System by 0.3% during the 4th quarter. American Century Companies Inc. now owns 843,895 shares of the transportation company's stock worth $132,373,000 after buying an additional 2,121 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Ryder System by 3.1% in the 4th quarter. FMR LLC now owns 805,571 shares of the transportation company's stock valued at $126,362,000 after acquiring an additional 24,052 shares in the last quarter. Institutional investors own 87.47% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on 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 cut their price target on shares of Ryder System from $168.00 to $150.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Finally, StockNews.com lowered shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $160.50.

Ryder System Stock Performance

R traded down $3.10 during trading hours on Wednesday, reaching $151.66. The company's stock had a trading volume of 91,091 shares, compared to its average volume of 316,954. The company's 50-day moving average is $142.71 and its 200-day moving average is $154.39. Ryder System, Inc. has a 52 week low of $116.58 and a 52 week high of $171.78. The firm has a market cap of $6.27 billion, a PE ratio of 13.69 and a beta of 0.94. 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 (NYSE:R - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.40 by $0.06. The company had revenue of $3.13 billion during the quarter, compared to analysts' expectations of $3.17 billion. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. Ryder System's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.14 EPS. On average, equities analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The company 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 2.14%. The ex-dividend date is Monday, May 19th. Ryder System's dividend payout ratio is 28.25%.

Insider Buying and Selling at Ryder System

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 value of $179,464.34. Following the completion of the sale, the director now directly owns 39,802 shares in the company, valued at approximately $5,746,612.76. The trade was a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.20% of the company's stock.

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.