Creative Planning Raises Position in Ryder System, Inc. (R)

Creative Planning raised its stake in shares of Ryder System, Inc. (NYSE:R) by 10.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,904 shares of the transportation company’s stock after buying an additional 264 shares during the period. Creative Planning’s holdings in Ryder System were worth $209,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. LS Investment Advisors LLC boosted its position in Ryder System by 28.8% in the first quarter. LS Investment Advisors LLC now owns 2,473 shares of the transportation company’s stock valued at $187,000 after buying an additional 553 shares during the last quarter. Boston Advisors LLC purchased a new position in Ryder System during the first quarter valued at $224,000. Virtu Financial LLC purchased a new position in Ryder System during the first quarter valued at $256,000. Norinchukin Bank The boosted its position in Ryder System by 7.1% in the first quarter. Norinchukin Bank The now owns 3,475 shares of the transportation company’s stock valued at $262,000 after buying an additional 231 shares during the last quarter. Finally, Breton Hill Capital Ltd. boosted its position in Ryder System by 237.0% in the first quarter. Breton Hill Capital Ltd. now owns 3,700 shares of the transportation company’s stock valued at $279,000 after buying an additional 6,400 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Ryder System, Inc. (NYSE R) traded up 0.30% on Tuesday, reaching $73.54. The company’s stock had a trading volume of 99,969 shares. Ryder System, Inc. has a 12 month low of $62.03 and a 12 month high of $85.42. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 17.71 and a beta of 1.39. The firm has a 50 day moving average of $71.44 and a 200 day moving average of $72.31.

Ryder System (NYSE:R) last issued its quarterly earnings results on Wednesday, July 26th. The transportation company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.07. Ryder System had a return on equity of 11.71% and a net margin of 3.17%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the firm earned $1.56 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts anticipate that Ryder System, Inc. will post $4.44 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 21st will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, August 17th. This is a boost from Ryder System’s previous quarterly dividend of $0.44. Ryder System’s dividend payout ratio is currently 42.21%.

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Several research firms have weighed in on R. Zacks Investment Research cut Ryder System from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub cut Ryder System from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Seaport Global Securities began coverage on Ryder System in a research report on Friday, April 21st. They set a “neutral” rating on the stock. ValuEngine upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Stephens cut Ryder System from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $81.00 to $71.00 in a research report on Wednesday, April 26th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $77.00.

In other news, insider Dennis C. Cooke sold 9,650 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $72.75, for a total transaction of $702,037.50. Following the transaction, the insider now owns 2,883 shares of the company’s stock, valued at approximately $209,738.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.95% of the stock is owned by corporate insiders.

About Ryder System

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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