ExodusPoint Capital Management LP Takes $3.71 Million Position in Ryder System, Inc. (NYSE:R)

ExodusPoint Capital Management LP bought a new stake in Ryder System, Inc. (NYSE:R - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,625 shares of the transportation company's stock, valued at approximately $3,706,000. ExodusPoint Capital Management LP owned approximately 0.06% of Ryder System as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Keystone Financial Group Inc. acquired a new stake in shares of Ryder System during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new stake in Ryder System during the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Ryder System during the 3rd quarter worth approximately $34,000. R Squared Ltd bought a new position in Ryder System in the fourth quarter valued at approximately $45,000. Finally, Principal Securities Inc. boosted its holdings in shares of Ryder System by 36.5% in the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after buying an additional 92 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

R has been the topic of several research reports. StockNews.com cut shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. The Goldman Sachs Group lifted their price target on Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. reduced their price objective on Ryder System from $176.00 to $174.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $157.00.

Remove Ads

Ryder System Stock Up 0.3 %

Shares of Ryder System stock traded up $0.40 during trading hours on Friday, reaching $139.04. 379,093 shares of the company's stock were exchanged, compared to its average volume of 304,255. The stock has a market cap of $5.80 billion, a P/E ratio of 12.54 and a beta of 1.10. The company has a 50 day moving average of $150.10 and a two-hundred day moving average of $154.73. 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 fifty-two week low of $106.88 and a fifty-two week high of $171.78.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. On average, sell-side analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, February 18th were issued a dividend of $0.81 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.33%. Ryder System's payout ratio is 29.22%.

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.