Jane Street Group LLC Has $5.45 Million Stock Position in Ryder System, Inc. (NYSE:R)

Jane Street Group LLC boosted its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 28.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,710 shares of the transportation company's stock after buying an additional 7,703 shares during the quarter. Jane Street Group LLC owned 0.08% of Ryder System worth $5,445,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Ryder System by 13.1% in the third quarter. Barclays PLC now owns 28,780 shares of the transportation company's stock valued at $4,196,000 after purchasing an additional 3,344 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Ryder System during the 3rd quarter worth $34,000. Franklin Resources Inc. increased its holdings in shares of Ryder System by 14.3% in 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. GAMMA Investing LLC lifted its stake in shares of Ryder System by 27.3% in the fourth quarter. GAMMA Investing LLC now owns 901 shares of the transportation company's stock valued at $141,000 after purchasing an additional 193 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in Ryder System by 7.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,600 shares of the transportation company's stock worth $816,000 after buying an additional 390 shares during the period. Hedge funds and other institutional investors own 87.47% of the company's stock.

Insider Transactions 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 transaction, the director now directly owns 39,802 shares of the company's stock, 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 legal filing with the SEC, which is available at this link. Corporate insiders own 5.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Stephens decreased 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 research note on Friday, April 25th. JPMorgan Chase & Co. decreased their price objective on 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 Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $160.50.

Ryder System Stock Performance

Shares of NYSE:R traded down $1.60 during trading on Thursday, hitting $158.28. 97,803 shares of the company traded hands, compared to its average volume of 315,739. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 14.26 and a beta of 0.94. The business's fifty day moving average is $141.68 and its 200-day moving average is $154.05. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System, Inc. has a one year low of $116.58 and a one year high of $171.78.

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 (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.06. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $2.14 earnings per share. As a group, equities analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently declared 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 2.05%. The ex-dividend date is Monday, May 19th. Ryder System's dividend payout ratio (DPR) is presently 28.25%.

Ryder System 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.