Ryder System, Inc. (NYSE:R) Shares Acquired by Caxton Associates LP

Caxton Associates LP lifted its holdings in Ryder System, Inc. (NYSE:R) by 206.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,319 shares of the transportation company’s stock after acquiring an additional 5,608 shares during the quarter. Caxton Associates LP’s holdings in Ryder System were worth $1,000,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Whitebox Advisors LLC grew its stake in shares of Ryder System by 2.8% during the 1st quarter. Whitebox Advisors LLC now owns 18,514 shares of the transportation company’s stock worth $2,225,000 after purchasing an additional 500 shares during the period. Earnest Partners LLC increased its holdings in Ryder System by 2.4% in the first quarter. Earnest Partners LLC now owns 1,852,729 shares of the transportation company’s stock valued at $222,679,000 after buying an additional 43,592 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Ryder System by 4.4% in the first quarter. Public Employees Retirement System of Ohio now owns 30,096 shares of the transportation company’s stock worth $3,617,000 after acquiring an additional 1,255 shares during the period. Aristides Capital LLC purchased a new position in shares of Ryder System during the 1st quarter valued at approximately $255,000. Finally, Price T Rowe Associates Inc. MD grew its stake in Ryder System by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company’s stock valued at $4,510,000 after acquiring an additional 106 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Morgan Stanley began coverage on Ryder System in a research report on Monday, June 24th. They issued an “overweight” rating and a $165.00 target price on the stock. JPMorgan Chase & Co. cut their price target on Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Robert W. Baird raised their target price on Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday. Vertical Research raised shares of Ryder System from a “hold” rating to a “buy” rating and upped their price objective for the company from $125.00 to $145.00 in a report on Friday, June 14th. Finally, StockNews.com downgraded shares of Ryder System from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 12th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Insider Transactions at Ryder System

In other news, Director Luis P. Nieto, Jr. sold 1,443 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $125.61, for a total transaction of $181,255.23. Following the transaction, the director now directly owns 28,569 shares in the company, valued at $3,588,552.09. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Ryder System news, Director Luis P. Nieto, Jr. sold 1,443 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $125.61, for a total transaction of $181,255.23. Following the transaction, the director now directly owns 28,569 shares in the company, valued at $3,588,552.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Sanford J. Hodes sold 3,360 shares of Ryder System stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $125.59, for a total transaction of $421,982.40. Following the sale, the senior vice president now owns 24,119 shares of the company’s stock, valued at $3,029,105.21. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,129 shares of company stock worth $10,598,226. Company insiders own 5.10% of the company’s stock.

Ryder System Stock Up 2.5 %

NYSE R traded up $3.35 during trading on Tuesday, reaching $138.98. 107,318 shares of the company’s stock were exchanged, compared to its average volume of 261,244. The stock has a market cap of $6.02 billion, a P/E ratio of 17.66 and a beta of 1.29. Ryder System, Inc. has a 1 year low of $91.31 and a 1 year high of $140.05. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.74 and a current ratio of 0.74. The company has a 50 day moving average price of $124.00 and a two-hundred day moving average price of $119.18.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) 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 analyst estimates of $3.24 billion. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.61 earnings per share. On average, equities research analysts anticipate that Ryder System, Inc. will post 12.4 EPS for the current fiscal year.

Ryder System Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Monday, August 19th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Monday, August 19th. This is a positive change from Ryder System’s previous quarterly dividend of $0.71. This represents a $3.24 dividend on an annualized basis and a yield of 2.33%. Ryder System’s payout ratio is currently 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.