Public Employees Retirement System of Ohio Raises Position in Ryder System, Inc. (NYSE:R)

Public Employees Retirement System of Ohio raised its holdings in shares of Ryder System, Inc. (NYSE:R) by 4.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,096 shares of the transportation company’s stock after buying an additional 1,255 shares during the period. Public Employees Retirement System of Ohio’s holdings in Ryder System were worth $3,617,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. EntryPoint Capital LLC purchased a new position in shares of Ryder System in the first quarter worth $25,000. GAMMA Investing LLC purchased a new position in shares of Ryder System in the fourth quarter valued at about $45,000. Creekmur Asset Management LLC purchased a new position in Ryder System during the 4th quarter valued at about $68,000. CWM LLC raised its position in Ryder System by 62.0% during the 1st quarter. CWM LLC now owns 643 shares of the transportation company’s stock valued at $77,000 after purchasing an additional 246 shares during the last quarter. Finally, Gladius Capital Management LP purchased a new stake in Ryder System in the 4th quarter worth approximately $102,000. 87.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

R has been the topic of several research analyst reports. Morgan Stanley started coverage on Ryder System in a research note on Monday, June 24th. They set an “overweight” rating and a $165.00 target price on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. StockNews.com lowered shares of Ryder System from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 12th. Stephens started coverage on shares of Ryder System in a research note on Monday, July 8th. They issued an “equal weight” rating for the company. Finally, The Goldman Sachs Group raised their price objective on shares of Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Insider Buying and Selling at Ryder System

In related news, CEO Robert E. Sanchez sold 18,303 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $126.20, for a total value of $2,309,838.60. Following the completion of the transaction, the chief executive officer now directly owns 125,969 shares in the company, valued at approximately $15,897,287.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Ryder System news, SVP Sanford J. Hodes sold 3,360 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $125.59, for a total transaction of $421,982.40. Following the transaction, the senior vice president now owns 24,119 shares in the company, valued at approximately $3,029,105.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert E. Sanchez sold 18,303 shares of Ryder System stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $126.20, for a total transaction of $2,309,838.60. Following the completion of the sale, the chief executive officer now directly owns 125,969 shares of the company’s stock, valued at approximately $15,897,287.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,129 shares of company stock worth $10,598,226. 5.10% of the stock is owned by corporate insiders.

Ryder System Price Performance

Shares of R opened at $138.45 on Friday. Ryder System, Inc. has a fifty-two week low of $91.31 and a fifty-two week high of $143.54. The firm’s 50-day simple moving average is $125.04 and its two-hundred day simple moving average is $119.66. The stock has a market cap of $5.99 billion, a PE ratio of 18.03 and a beta of 1.29. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.74 and a current ratio of 0.74.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.13. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.24 billion. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.61 EPS. Analysts anticipate that Ryder System, Inc. will post 12.19 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Monday, August 19th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.34%. This is an increase from Ryder System’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, August 19th. Ryder System’s dividend payout ratio is 36.98%.

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.