Caxton Associates LP Has $1 Million Position in Ryder System, Inc. (NYSE:R)

Caxton Associates LP boosted its stake in shares of Ryder System, Inc. (NYSE:R) by 206.9% during the first quarter, HoldingsChannel.com reports. The firm owned 8,319 shares of the transportation company’s stock after acquiring an additional 5,608 shares during the period. Caxton Associates LP’s holdings in Ryder System were worth $1,000,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Advisors Preferred LLC bought a new position in Ryder System during the fourth quarter valued at approximately $1,892,000. State Board of Administration of Florida Retirement System grew its position in Ryder System by 41.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 49,303 shares of the transportation company’s stock worth $5,926,000 after purchasing an additional 14,360 shares during the last quarter. Sei Investments Co. lifted its position in Ryder System by 7.0% in the first quarter. Sei Investments Co. now owns 809,590 shares of the transportation company’s stock worth $97,301,000 after purchasing an additional 53,288 shares during the period. Amalgamated Bank increased its stake in shares of Ryder System by 12.7% in the 4th quarter. Amalgamated Bank now owns 33,896 shares of the transportation company’s stock valued at $3,900,000 after acquiring an additional 3,816 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Ryder System by 34.9% in the fourth quarter. Wellington Management Group LLP now owns 3,442,545 shares of the transportation company’s stock worth $396,099,000 after purchasing an additional 890,986 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Trading Up 2.5 %

Shares of NYSE:R traded up $3.35 during trading on Tuesday, reaching $138.98. 107,318 shares of the company traded hands, compared to its average volume of 261,244. The business’s fifty day moving average is $124.00 and its 200-day moving average is $119.18. Ryder System, Inc. has a 52-week low of $91.31 and a 52-week high of $140.05. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 17.66 and a beta of 1.29. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.09.

Ryder System (NYSE:R) last posted its quarterly earnings data on Thursday, July 25th. The transportation company reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. The company had revenue of $3.18 billion during 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 firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the company earned $3.61 EPS. As a group, analysts forecast that Ryder System, Inc. will post 12.4 EPS for the current year.

Ryder System Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Monday, August 19th will be given a $0.81 dividend. This is a boost from Ryder System’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Monday, August 19th. This represents a $3.24 dividend on an annualized basis and a yield of 2.33%. Ryder System’s dividend payout ratio is presently 36.98%.

Insider Transactions at Ryder System

In related news, Director Luis P. Nieto, Jr. sold 1,443 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $125.61, for a total value of $181,255.23. Following the completion of the transaction, the director now owns 28,569 shares of the company’s stock, valued at approximately $3,588,552.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Sanford J. Hodes sold 3,360 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $125.59, for a total value of $421,982.40. Following the completion of the sale, the senior vice president now directly owns 24,119 shares of the company’s stock, valued at approximately $3,029,105.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Luis P. Nieto, Jr. sold 1,443 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $125.61, for a total value of $181,255.23. Following the completion of the sale, the director now directly owns 28,569 shares of the company’s stock, valued at approximately $3,588,552.09. The disclosure for this sale can be found here. Insiders sold a total of 84,129 shares of company stock valued at $10,598,226 over the last three months. Corporate insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on R shares. Morgan Stanley initiated coverage on Ryder System in a research note on Monday, June 24th. They issued an “overweight” rating and a $165.00 target price on the stock. Robert W. Baird upped their price objective on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday. Vertical Research raised Ryder System from a “hold” rating to a “buy” rating and boosted their price target for the company from $125.00 to $145.00 in a research note on Friday, June 14th. The Goldman Sachs Group upped their price objective on shares of Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Stephens assumed coverage on shares of Ryder System in a research report on Monday, July 8th. They set an “equal weight” rating on the stock. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $137.86.

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.