Gotham Asset Management LLC Acquires 6,908 Shares of Ryder System, Inc. (NYSE:R)

Gotham Asset Management LLC raised its stake in Ryder System, Inc. (NYSE:R - Free Report) by 10.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 73,785 shares of the transportation company's stock after purchasing an additional 6,908 shares during the period. Gotham Asset Management LLC owned 0.17% of Ryder System worth $11,574,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Keystone Financial Group Inc. bought a new stake in shares of Ryder System during the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. acquired a new position in Ryder System in the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Ryder System during the third quarter valued at approximately $34,000. R Squared Ltd acquired a new stake in shares of Ryder System during the 4th quarter worth approximately $45,000. Finally, Principal Securities Inc. boosted its position in 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 purchasing an additional 92 shares during the period. Institutional investors and hedge funds own 87.47% of the company's stock.

Wall Street Analysts Forecast Growth

R has been the topic of a number of recent research reports. Stephens cut their target price on Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. decreased their target price on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, StockNews.com cut 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 assigned a buy rating to the stock. According to MarketBeat, Ryder System currently has a consensus rating of "Moderate Buy" and an average price target of $160.50.

Ryder System Price Performance

Shares of NYSE R traded down $2.32 during mid-day trading on Thursday, reaching $157.56. The company had a trading volume of 290,374 shares, compared to its average volume of 316,476. 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, Inc. has a 1-year low of $116.58 and a 1-year high of $171.78. The stock has a market cap of $6.51 billion, a PE ratio of 14.21 and a beta of 0.94. The company has a 50-day moving average price of $141.68 and a two-hundred day moving average price of $154.05.

Ryder System (NYSE:R - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 EPS 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 company had revenue of $3.13 billion during the quarter, compared to analysts' expectations of $3.17 billion. During the same period last year, the company posted $2.14 earnings per share. The business's revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, May 19th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Monday, May 19th. Ryder System's dividend payout ratio is currently 28.25%.

Insider Buying and Selling

In other Ryder System news, Director E Follin Smith sold 1,243 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $144.38, for a total value of $179,464.34. Following the transaction, the director now owns 39,802 shares in the company, valued at $5,746,612.76. The trade was a 3.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

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.