Teachers Advisors LLC cut its stake in shares of Ryder System, Inc. (NYSE:R) by 13.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,108 shares of the transportation company’s stock after selling 9,717 shares during the period. Teachers Advisors LLC owned about 0.12% of Ryder System worth $4,543,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Riverhead Capital Management LLC lifted its stake in Ryder System by 19.4% in the second quarter. Riverhead Capital Management LLC now owns 89,267 shares of the transportation company’s stock valued at $6,425,000 after acquiring an additional 14,493 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Ryder System by 1.2% in the second quarter. Alliancebernstein L.P. now owns 794,853 shares of the transportation company’s stock worth $57,214,000 after buying an additional 9,792 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in shares of Ryder System by 22.8% in the second quarter. Commonwealth Bank of Australia now owns 13,478 shares of the transportation company’s stock worth $970,000 after buying an additional 2,500 shares during the last quarter. Engineers Gate Manager LP lifted its stake in shares of Ryder System by 52.4% in the second quarter. Engineers Gate Manager LP now owns 21,606 shares of the transportation company’s stock worth $1,555,000 after buying an additional 7,432 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of Ryder System by 20.1% in the second quarter. Schroder Investment Management Group now owns 875,380 shares of the transportation company’s stock worth $62,896,000 after buying an additional 146,745 shares during the last quarter. 89.54% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ryder System, Inc. (R) opened at 83.42 on Thursday. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 20.09 and a beta of 1.41. Ryder System, Inc. has a one year low of $62.03 and a one year high of $85.50. The firm has a 50-day moving average of $80.35 and a 200 day moving average of $73.19.
Ryder System (NYSE:R) last released its quarterly earnings results on Wednesday, July 26th. The transportation company reported $1.00 earnings per share for the quarter, beating the consensus estimate 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 last year, the firm posted $1.56 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. Equities research analysts anticipate that Ryder System, Inc. will post $4.45 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 20th will be given a dividend of $0.46 per share. The ex-dividend date is Friday, November 17th. This represents a $1.84 annualized dividend and a dividend yield of 2.21%. Ryder System’s dividend payout ratio (DPR) is presently 44.12%.
In other news, CEO Robert E. Sanchez sold 26,275 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $72.43, for a total transaction of $1,903,098.25. Following the transaction, the chief executive officer now directly owns 107,237 shares in the company, valued at approximately $7,767,175.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dennis C. Cooke sold 9,650 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.75, for a total value of $702,037.50. Following the transaction, the insider now owns 2,883 shares in the company, valued at $209,738.25. The disclosure for this sale can be found here. Insiders have sold a total of 40,427 shares of company stock worth $2,933,827 over the last quarter. Corporate insiders own 1.95% of the company’s stock.
A number of brokerages have recently weighed in on R. Aegis restated a “buy” rating and issued a $91.00 price objective (up from $84.00) on shares of Ryder System in a research note on Tuesday. ValuEngine cut shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Robert W. Baird restated an “outperform” rating and issued a $98.00 price objective (up from $84.00) on shares of Ryder System in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Ryder System from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Tuesday, September 26th. Finally, KeyCorp upgraded shares of Ryder System from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, September 13th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $84.17.
Ryder System 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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