Parametric Portfolio Associates LLC Has $14.41 Million Position in Ryder System, Inc. (R)

Parametric Portfolio Associates LLC boosted its holdings in Ryder System, Inc. (NYSE:R) by 30.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 200,254 shares of the transportation company’s stock after buying an additional 46,724 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.38% of Ryder System worth $14,414,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of R. BlueMountain Capital Management LLC bought a new stake in shares of Ryder System during the second quarter valued at approximately $109,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Ryder System by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock valued at $141,000 after buying an additional 156 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in Ryder System by 1.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock valued at $156,000 after buying an additional 24 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in Ryder System by 94.7% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,550 shares of the transportation company’s stock valued at $183,000 after buying an additional 1,240 shares in the last quarter. Finally, Clear Investment Research LLC acquired a new stake in Ryder System in the 2nd quarter valued at $190,000. 88.69% of the stock is currently owned by institutional investors.

In related news, CEO Robert E. Sanchez sold 26,275 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $72.43, for a total transaction of $1,903,098.25. Following the completion of the sale, the chief executive officer now owns 107,237 shares of the company’s stock, valued at $7,767,175.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John S. Sensing sold 4,502 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $73.01, for a total transaction of $328,691.02. The disclosure for this sale can be found here. Insiders sold 40,427 shares of company stock valued at $2,933,827 over the last 90 days. 1.95% of the stock is currently owned by company insiders.

R has been the topic of a number of recent analyst reports. Buckingham Research initiated coverage on Ryder System in a research note on Monday, August 21st. They issued a “buy” rating and a $85.00 price objective on the stock. BidaskClub lowered Ryder System from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. Zacks Investment Research raised Ryder System from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Friday, July 7th. Aegis reiterated a “buy” rating and issued a $91.00 price objective (up previously from $84.00) on shares of Ryder System in a report on Tuesday, October 10th. Finally, J P Morgan Chase & Co upped their price objective on Ryder System from $69.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $83.86.

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Shares of Ryder System, Inc. (NYSE:R) opened at 79.80 on Wednesday. Ryder System, Inc. has a 52-week low of $62.03 and a 52-week high of $85.50. The stock has a 50 day moving average price of $81.08 and a 200-day moving average price of $73.30. The firm has a market capitalization of $4.23 billion, a PE ratio of 19.22 and a beta of 1.41.

Ryder System (NYSE:R) last issued its quarterly earnings data on Wednesday, July 26th. The transportation company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.07. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the business posted $1.56 earnings per share. Ryder System’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts forecast that Ryder System, Inc. will post $4.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be issued a $0.46 dividend. The ex-dividend date is Friday, November 17th. This represents a $1.84 annualized dividend and a yield of 2.31%. Ryder System’s dividend payout ratio (DPR) is presently 44.12%.

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.

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

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