Redwood Investment Management LLC Invests $1.43 Million in Ryder System, Inc. (NYSE:R)

Redwood Investment Management LLC purchased a new stake in Ryder System, Inc. (NYSE:R) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,092 shares of the transportation company’s stock, valued at approximately $1,426,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Leigh Baldwin & CO. LLC bought a new position in Ryder System in the fourth quarter valued at approximately $40,475,000. James Investment Research Inc. boosted its position in shares of Ryder System by 32.0% during the fourth quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company’s stock worth $1,941,000 after purchasing an additional 2,999 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Ryder System during the fourth quarter worth $12,242,000. Barclays PLC boosted its position in shares of 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 purchasing an additional 3,344 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Ryder System by 2.8% during the fourth quarter. JPMorgan Chase & Co. now owns 149,415 shares of the transportation company’s stock worth $23,437,000 after purchasing an additional 4,062 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Stock Down 1.5%

Shares of R stock opened at $157.56 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System, Inc. has a 1 year low of $116.58 and a 1 year high of $171.78. The firm’s fifty day moving average price is $141.87 and its two-hundred day moving average price is $154.14. The firm has a market capitalization of $6.51 billion, a P/E ratio of 14.21 and a beta of 0.94.

Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.06. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.17 billion. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. Ryder System’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.14 EPS. On average, equities analysts predict that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, May 19th will be issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, May 19th. Ryder System’s payout ratio is 28.25%.

Insider Buying and Selling

In other news, Director E Follin Smith sold 1,243 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $144.38, for a total transaction of $179,464.34. Following the completion of the sale, the director now owns 39,802 shares of the company’s stock, valued at approximately $5,746,612.76. This represents a 3.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. JPMorgan Chase & Co. reduced their price target on shares of Ryder System from $174.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Finally, Stephens dropped their price objective on shares of Ryder System from $168.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Ryder System currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.50.

Ryder System Company 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.