J. Goldman & Co LP Increases Position in Ryder System, Inc. (NYSE:R)

J. Goldman & Co LP raised its position in shares of Ryder System, Inc. (NYSE:R) by 16.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 196,923 shares of the transportation company’s stock after buying an additional 28,035 shares during the period. Ryder System comprises about 0.8% of J. Goldman & Co LP’s holdings, making the stock its 28th largest holding. J. Goldman & Co LP’s holdings in Ryder System were worth $30,889,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of R. Jacobs Levy Equity Management Inc. grew its stake in shares of Ryder System by 2.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 434,271 shares of the transportation company’s stock worth $68,120,000 after acquiring an additional 8,657 shares in the last quarter. Group One Trading LLC boosted its holdings in Ryder System by 553.0% in the fourth quarter. Group One Trading LLC now owns 653 shares of the transportation company’s stock valued at $102,000 after purchasing an additional 553 shares during the period. Gotham Asset Management LLC grew its stake in Ryder System by 10.3% during the 4th quarter. Gotham Asset Management LLC now owns 73,785 shares of the transportation company’s stock worth $11,574,000 after purchasing an additional 6,908 shares in the last quarter. Focus Partners Wealth purchased a new stake in Ryder System during the 4th quarter worth about $269,000. Finally, Ensign Peak Advisors Inc raised its position in Ryder System by 18.3% in the 4th quarter. Ensign Peak Advisors Inc now owns 16,768 shares of the transportation company’s stock valued at $2,630,000 after purchasing an additional 2,595 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on R. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. decreased their price objective 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, Stephens lowered their target price 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $160.50.

Ryder System Price Performance

Shares of NYSE:R opened at $144.72 on Friday. The company’s fifty day moving average price is $141.37 and its 200 day moving average price is $153.74. The firm has a market capitalization of $5.98 billion, a P/E ratio of 13.05 and a beta of 0.94. Ryder System, Inc. has a 12 month low of $116.58 and a 12 month high of $171.78. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75.

Ryder System (NYSE:R) last posted its 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. 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 quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.14 EPS. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 19th will be issued a $0.81 dividend. The ex-dividend date is Monday, May 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.24%. Ryder System’s payout ratio is 28.25%.

Insider Activity at Ryder System

In related 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 position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 5.20% of the stock is owned by insiders.

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.