Algert Global LLC Raises Holdings in Ryder System, Inc. (NYSE:R)

Algert Global LLC boosted its stake in Ryder System, Inc. (NYSE:R - Free Report) by 43.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,547 shares of the transportation company's stock after purchasing an additional 7,750 shares during the period. Algert Global LLC owned approximately 0.06% of Ryder System worth $3,725,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Earnest Partners LLC boosted its holdings in shares of Ryder System by 3.4% in the second quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company's stock worth $237,298,000 after buying an additional 62,815 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Ryder System by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company's stock worth $213,345,000 after acquiring an additional 31,550 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Ryder System by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 890,877 shares of the transportation company's stock worth $110,362,000 after acquiring an additional 17,009 shares during the last quarter. Sei Investments Co. grew its position in shares of Ryder System by 4.7% during the 2nd quarter. Sei Investments Co. now owns 847,581 shares of the transportation company's stock valued at $104,997,000 after acquiring an additional 37,991 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Ryder System by 13.5% in the 2nd quarter. Victory Capital Management Inc. now owns 460,134 shares of the transportation company's stock worth $57,001,000 after purchasing an additional 54,605 shares in the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Price Performance

Ryder System stock traded up $0.85 during mid-day trading on Tuesday, reaching $170.31. 120,447 shares of the company's stock traded hands, compared to its average volume of 264,608. Ryder System, Inc. has a 12-month low of $105.09 and a 12-month high of $171.78. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 15.85 and a beta of 1.28. The stock has a 50 day moving average of $151.16 and a two-hundred day moving average of $136.87. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.39 by $0.05. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The company's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.58 earnings per share. Equities analysts forecast that Ryder System, Inc. will post 12.01 earnings per share for the current year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Monday, November 18th. Ryder System's dividend payout ratio (DPR) is currently 30.31%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Ryder System from $148.00 to $144.00 and set a "neutral" rating for the company in a report on Friday, October 25th. StockNews.com cut shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $140.57.

Insiders Place Their Bets

In related news, insider Thomas M. Havens sold 4,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total value of $629,760.00. Following the transaction, the insider now owns 20,504 shares of the company's stock, valued at $3,228,149.76. This trade represents a 16.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.10% of the stock is owned by insiders.

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.