Jacobs Levy Equity Management Inc. Raises Stock Holdings in Ryder System, Inc. (NYSE:R)

Jacobs Levy Equity Management Inc. boosted its holdings in Ryder System, Inc. (NYSE:R) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 434,271 shares of the transportation company’s stock after purchasing an additional 8,657 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Ryder System were worth $68,120,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of R. Keystone Financial Group Inc. purchased a new position in shares of Ryder System during the 4th quarter valued at $26,000. SBI Securities Co. Ltd. bought a new position in Ryder System during the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Ryder System in the third quarter worth about $34,000. R Squared Ltd bought a new stake in shares of Ryder System in the fourth quarter valued at approximately $45,000. Finally, Principal Securities Inc. lifted its stake in shares of Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after buying an additional 92 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on R shares. Stephens reduced 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. decreased their price objective on Ryder System from $174.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Finally, StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Ryder System presently has a consensus rating of “Moderate Buy” and an average target price of $160.50.

Insider Activity

In related news, Director E Follin Smith sold 1,243 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $144.38, for a total value of $179,464.34. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 5.20% of the company’s stock.

Ryder System Trading Down 1.3 %

Shares of R stock opened at $144.72 on Friday. Ryder System, Inc. has a 52-week low of $116.58 and a 52-week high of $171.78. The business’s fifty day moving average is $141.37 and its 200 day moving average is $153.74. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $5.98 billion, a PE ratio of 13.05 and a beta of 0.94.

Ryder System (NYSE:R) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.06. The firm 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 company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the company posted $2.14 EPS. On average, equities research analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The business also recently declared 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. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Monday, May 19th. Ryder System’s payout ratio is 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.