BlackRock Inc. Purchases 440,942 Shares of Ryder System, Inc. (NYSE:R)

BlackRock Inc. raised its position in shares of Ryder System, Inc. (NYSE:R) by 7.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,643,848 shares of the transportation company’s stock after acquiring an additional 440,942 shares during the period. BlackRock Inc. owned approximately 0.12% of Ryder System worth $387,337,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. TD Capital Management LLC bought a new stake in Ryder System during the 2nd quarter valued at approximately $44,000. San Francisco Sentry Investment Group CA boosted its position in Ryder System by 174.7% during the 2nd quarter. San Francisco Sentry Investment Group CA now owns 890 shares of the transportation company’s stock valued at $52,000 after acquiring an additional 566 shares in the last quarter. Doyle Wealth Management bought a new stake in Ryder System during the 2nd quarter valued at approximately $54,000. NumerixS Investment Technologies Inc bought a new stake in Ryder System during the 2nd quarter valued at approximately $181,000. Finally, Dupont Capital Management Corp boosted its position in Ryder System by 144.9% during the 2nd quarter. Dupont Capital Management Corp now owns 3,549 shares of the transportation company’s stock valued at $207,000 after acquiring an additional 2,100 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

In other Ryder System news, Director E Follin Smith bought 1,831 shares of the stock in a transaction dated Thursday, November 7th. The stock was purchased at an average cost of $54.63 per share, for a total transaction of $100,027.53. Following the completion of the acquisition, the director now owns 31,586 shares of the company’s stock, valued at $1,725,543.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Luis P. Nieto, Jr. sold 2,293 shares of Ryder System stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $46.67, for a total transaction of $107,014.31. Following the transaction, the director now owns 23,757 shares of the company’s stock, valued at $1,108,739.19. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by company insiders.

Several analysts have weighed in on the company. Cfra cut Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Stifel Nicolaus cut Ryder System from a “buy” rating to a “hold” rating and cut their price objective for the company from $65.00 to $51.00 in a research report on Thursday, October 31st. SunTrust Banks cut their price objective on Ryder System from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. They noted that the move was a valuation call. ValuEngine raised Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, KeyCorp cut their price objective on Ryder System from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $65.00.

R stock opened at $51.73 on Thursday. The firm has a 50 day moving average price of $51.37 and a 200-day moving average price of $53.75. Ryder System, Inc. has a 52-week low of $44.80 and a 52-week high of $67.65. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 8.93 and a beta of 1.84. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.59 and a current ratio of 0.62.

Ryder System (NYSE:R) last released its earnings results on Tuesday, October 29th. The transportation company reported ($1.49) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.49 by ($2.98). Ryder System had a net margin of 1.55% and a return on equity of 11.65%. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the business posted $1.64 earnings per share. Ryder System’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, sell-side analysts forecast that Ryder System, Inc. will post 5.01 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.24 annualized dividend and a dividend yield of 4.33%. Ryder System’s payout ratio is 38.69%.

Ryder System Company Profile

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

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