Peregrine Capital Management LLC Grows Stock Holdings in Ryder System, Inc. (NYSE:R)

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Peregrine Capital Management LLC increased its stake in shares of Ryder System, Inc. (NYSE:R) by 1.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 126,913 shares of the transportation company’s stock after acquiring an additional 1,816 shares during the period. Peregrine Capital Management LLC’s holdings in Ryder System were worth $4,761,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Michigan Retirement System boosted its holdings in Ryder System by 32.1% in the 2nd quarter. State of Michigan Retirement System now owns 19,545 shares of the transportation company’s stock valued at $733,000 after purchasing an additional 4,745 shares in the last quarter. First Quadrant L P CA purchased a new stake in Ryder System in the 2nd quarter valued at approximately $289,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ryder System by 18.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,804 shares of the transportation company’s stock valued at $218,000 after purchasing an additional 898 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Ryder System by 79.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 11,747 shares of the transportation company’s stock valued at $441,000 after purchasing an additional 5,200 shares in the last quarter. Finally, Dupont Capital Management Corp boosted its holdings in Ryder System by 375.8% in the 2nd quarter. Dupont Capital Management Corp now owns 15,668 shares of the transportation company’s stock valued at $588,000 after purchasing an additional 12,375 shares in the last quarter. 86.29% of the stock is currently owned by hedge funds and other institutional investors.

In other Ryder System news, CMO Karen M. Jones sold 1,413 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $34.80, for a total value of $49,172.40. Following the sale, the chief marketing officer now owns 6,246 shares in the company, valued at $217,360.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Luis P. Nieto, Jr. sold 4,149 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $32.55, for a total transaction of $135,049.95. Following the completion of the sale, the director now owns 28,857 shares in the company, valued at approximately $939,295.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,755 shares of company stock worth $259,223. 2.60% of the stock is owned by company insiders.

A number of equities research analysts have weighed in on R shares. ValuEngine raised Ryder System from a “hold” rating to a “buy” rating in a report on Tuesday, July 28th. SunTrust Banks lifted their price objective on Ryder System from $40.00 to $48.00 and gave the company a “buy” rating in a report on Friday, July 17th. Robert W. Baird lifted their price objective on Ryder System from $37.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Finally, TheStreet raised Ryder System from a “d+” rating to a “c-” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $48.71.

Shares of Ryder System stock opened at $36.63 on Friday. The firm has a market cap of $1.97 billion, a PE ratio of -5.82 and a beta of 2.04. The firm’s 50-day simple moving average is $38.85 and its 200-day simple moving average is $37.32. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.82 and a current ratio of 1.65. Ryder System, Inc. has a 1 year low of $22.62 and a 1 year high of $57.38.

Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported ($0.95) earnings per share for the quarter, topping the consensus estimate of ($1.44) by $0.49. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.97 billion. Ryder System had a negative net margin of 3.84% and a positive return on equity of 0.29%. Ryder System’s quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.40 earnings per share. On average, equities analysts predict that Ryder System, Inc. will post -2.33 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 24th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $2.24 annualized dividend and a yield of 6.12%. Ryder System’s dividend payout ratio (DPR) is 45.16%.

About Ryder System

Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.

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Want to see what other hedge funds are holding R? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryder System, Inc. (NYSE:R).

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

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