James Investment Research Inc. Acquires New Holdings in Ryder System, Inc. (NYSE:R)

James Investment Research Inc. acquired a new stake in shares of Ryder System, Inc. (NYSE:R - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 9,375 shares of the transportation company's stock, valued at approximately $1,367,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Ryder System by 2.1% in the first quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation company's stock valued at $627,800,000 after purchasing an additional 109,930 shares during the period. Millennium Management LLC grew its position in Ryder System by 1,915.0% in the second quarter. Millennium Management LLC now owns 103,935 shares of the transportation company's stock worth $12,875,000 after acquiring an additional 98,777 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Ryder System by 242.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 92,666 shares of the transportation company's stock worth $11,138,000 after acquiring an additional 65,609 shares during the last quarter. Earnest Partners LLC raised its position in Ryder System by 3.4% in the second quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company's stock valued at $237,298,000 after purchasing an additional 62,815 shares during the period. Finally, Victory Capital Management Inc. raised its position in Ryder System by 13.5% in the second quarter. Victory Capital Management Inc. now owns 460,134 shares of the transportation company's stock valued at $57,001,000 after purchasing an additional 54,605 shares during the period. Institutional investors and hedge funds own 87.47% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Ryder System from $148.00 to $144.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. StockNews.com cut Ryder System from a "buy" rating to a "hold" rating in a research note on Tuesday. Robert W. Baird lifted their price objective on Ryder System from $140.00 to $155.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Finally, Stephens started coverage on Ryder System in a research note on Monday, July 8th. They set an "equal weight" rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $140.57.

Ryder System Stock Up 0.8 %

NYSE R traded up $1.22 during trading hours on Friday, hitting $147.50. 209,777 shares of the company were exchanged, compared to its average volume of 276,896. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 13.80 and a beta of 1.28. The company has a 50 day moving average of $143.71 and a two-hundred day moving average of $131.98. Ryder System, Inc. has a 52-week low of $97.94 and a 52-week high of $154.76.

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

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.20%. Ryder System's dividend payout ratio is currently 30.31%.

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.