Whitebox Advisors LLC Lowers Stock Position in Ryder System, Inc. (NYSE:R)

Whitebox Advisors LLC trimmed its position in Ryder System, Inc. (NYSE:R - Free Report) by 35.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,514 shares of the transportation company's stock after selling 3,500 shares during the period. Whitebox Advisors LLC's holdings in Ryder System were worth $1,022,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC grew its holdings in Ryder System by 28.5% during the 4th quarter. Jane Street Group LLC now owns 34,710 shares of the transportation company's stock worth $5,445,000 after acquiring an additional 7,703 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Ryder System during the 4th quarter worth about $59,000. Schonfeld Strategic Advisors LLC acquired a new position in Ryder System during the fourth quarter worth $9,029,000. Northern Trust Corp boosted its holdings in Ryder System by 28.1% in the fourth quarter. Northern Trust Corp now owns 447,890 shares of the transportation company's stock valued at $70,256,000 after acquiring an additional 98,196 shares during the last quarter. Finally, Earnest Partners LLC boosted its holdings in Ryder System by 2.4% during the fourth quarter. Earnest Partners LLC now owns 1,905,223 shares of the transportation company's stock worth $298,853,000 after buying an additional 45,393 shares during the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

R has been the subject of several analyst reports. Stephens dropped their price objective 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. JPMorgan Chase & Co. lowered 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 note on Thursday, April 24th. Finally, StockNews.com lowered Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $160.50.

Ryder System Stock Performance

Shares of NYSE R opened at $137.45 on Thursday. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a fifty day moving average price of $143.69 and a 200-day moving average price of $153.99. 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 $5.68 billion, a PE ratio of 12.39 and a beta of 1.10.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share for the quarter, beating 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 firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the previous year, the firm posted $2.14 earnings per share. The company's revenue was up 1.1% on a year-over-year basis. Equities analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Tuesday, February 18th. Ryder System's dividend payout ratio is presently 28.25%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.