Northern Trust Corp Buys 98,196 Shares of Ryder System, Inc. (NYSE:R)

Northern Trust Corp grew its position in Ryder System, Inc. (NYSE:R - Free Report) by 28.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 447,890 shares of the transportation company's stock after purchasing an additional 98,196 shares during the period. Northern Trust Corp owned about 1.06% of Ryder System worth $70,256,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its position in Ryder System by 13.1% during the third quarter. Barclays PLC now owns 28,780 shares of the transportation company's stock worth $4,196,000 after buying an additional 3,344 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Ryder System in the 3rd quarter worth approximately $34,000. Franklin Resources Inc. boosted its position in Ryder System by 14.3% during the third quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company's stock worth $20,724,000 after purchasing an additional 17,074 shares during the period. JPMorgan Chase & Co. raised its position in shares of Ryder System by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 145,353 shares of the transportation company's stock valued at $21,192,000 after purchasing an additional 10,446 shares during the period. Finally, 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 worth $141,000 after buying an additional 193 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Stock Performance

R traded down $1.84 on Friday, hitting $144.72. 281,346 shares of the stock traded hands, compared to its average volume of 312,762. The business has a fifty day moving average price of $141.37 and a two-hundred day moving average price of $153.68. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The firm has a market capitalization of $5.98 billion, a PE ratio of 13.05 and a beta of 0.94. Ryder System, Inc. has a 52 week low of $116.58 and a 52 week high of $171.78.

Ryder System (NYSE:R - Get Free Report) last issued 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. The firm had revenue of $3.13 billion during the quarter, compared to analysts' expectations of $3.17 billion. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. Ryder System's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business earned $2.14 earnings per share. On average, research analysts predict that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The business 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 dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Monday, May 19th. Ryder System's payout ratio is 28.25%.

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 value of $179,464.34. Following the completion of the transaction, the director now 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.20% of the company's stock.

Analysts Set New Price Targets

R has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price 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. Stephens cut their price objective on Ryder System from $168.00 to $150.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Finally, StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $160.50.

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.