16,810 Shares in Ryder System, Inc. (R) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new position in shares of Ryder System, Inc. (NYSE:R) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 16,810 shares of the transportation company’s stock, valued at approximately $1,421,000.

Several other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of Ryder System by 6.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 820,490 shares of the transportation company’s stock valued at $59,058,000 after purchasing an additional 51,763 shares during the period. Cipher Capital LP boosted its position in shares of Ryder System by 152.2% in the 2nd quarter. Cipher Capital LP now owns 21,794 shares of the transportation company’s stock valued at $1,569,000 after purchasing an additional 13,153 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Ryder System by 10.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 643,399 shares of the transportation company’s stock valued at $46,312,000 after purchasing an additional 63,055 shares during the period. Schroder Investment Management Group boosted its position in shares of Ryder System by 20.1% in the 2nd quarter. Schroder Investment Management Group now owns 875,380 shares of the transportation company’s stock valued at $62,896,000 after purchasing an additional 146,745 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Ryder System by 173.4% in the 2nd quarter. Principal Financial Group Inc. now owns 226,288 shares of the transportation company’s stock valued at $16,288,000 after purchasing an additional 143,515 shares during the period. 89.41% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on R shares. Zacks Investment Research raised Ryder System from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Tuesday, September 26th. Buckingham Research upped their target price on Ryder System from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. ValuEngine cut Ryder System from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. J P Morgan Chase & Co upped their target price on Ryder System from $69.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $68.00 target price on shares of Ryder System in a research report on Tuesday, September 5th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Ryder System presently has a consensus rating of “Buy” and an average price target of $85.00.

In other news, insider Dennis C. Cooke sold 32,328 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $81.46, for a total transaction of $2,633,438.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John J. Gleason sold 8,760 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $78.30, for a total value of $685,908.00. The disclosure for this sale can be found here. Insiders have sold a total of 63,633 shares of company stock valued at $5,174,795 over the last ninety days. 1.95% of the stock is owned by insiders.

Shares of Ryder System, Inc. (NYSE R) opened at $81.56 on Friday. Ryder System, Inc. has a 1 year low of $62.52 and a 1 year high of $85.50. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.96 and a current ratio of 1.02. The firm has a market capitalization of $4,316.33, a P/E ratio of 19.32, a price-to-earnings-growth ratio of 1.21 and a beta of 1.51.

Ryder System (NYSE:R) last posted its quarterly earnings data on Tuesday, October 24th. The transportation company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. Ryder System had a return on equity of 10.72% and a net margin of 2.75%. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the firm earned $1.67 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. equities analysts predict that Ryder System, Inc. will post 4.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Monday, November 20th were given a dividend of $0.46 per share. The ex-dividend date was Friday, November 17th. This represents a $1.84 dividend on an annualized basis and a yield of 2.26%. Ryder System’s payout ratio is 49.86%.

Ryder System declared that its Board of Directors has initiated a share repurchase program on Thursday, December 14th that allows the company to buyback 1,500,000 shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

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Ryder System Company Profile

Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.

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Institutional Ownership by Quarter for Ryder System (NYSE:R)

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