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.
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.
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