Community Bank of Raymore cut its stake in shares of Ryder System, Inc. (NYSE:R) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,215 shares of the transportation company’s stock after selling 250 shares during the period. Ryder System accounts for approximately 3.2% of Community Bank of Raymore’s investment portfolio, making the stock its 11th largest position. Community Bank of Raymore owned 0.20% of Ryder System worth $7,573,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. 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 worth $187,000 after buying an additional 553 shares during the last quarter. Creative Planning boosted its position in Ryder System by 10.0% in the second quarter. Creative Planning now owns 2,904 shares of the transportation company’s stock worth $209,000 after buying an additional 264 shares during the last quarter. Boston Advisors LLC acquired a new position in Ryder System during the first quarter worth approximately $224,000. Contravisory Investment Management Inc. boosted its position in Ryder System by 31.7% in the first quarter. Contravisory Investment Management Inc. now owns 3,196 shares of the transportation company’s stock worth $241,000 after buying an additional 770 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Ryder System during the first quarter worth approximately $256,000. 93.24% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ryder System, Inc. (R) traded down 0.63% on Friday, reaching $72.71. 695,526 shares of the company’s stock traded hands. The firm has a market cap of $3.85 billion, a P/E ratio of 17.51 and a beta of 1.39. The company’s 50-day moving average price is $71.11 and its 200 day moving average price is $72.44. Ryder System, Inc. has a one year low of $62.03 and a one year high of $85.42.
Ryder System (NYSE:R) last posted its quarterly earnings results 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. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.76 billion. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.56 EPS. On average, equities analysts forecast that Ryder System, Inc. will post $4.44 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Monday, August 21st will be given a dividend of $0.46 per share. This is an increase from Ryder System’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.84 dividend on an annualized basis and a yield of 2.53%. Ryder System’s dividend payout ratio (DPR) is 42.21%.
A number of research firms recently commented on R. Zacks Investment Research cut Ryder System from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub cut Ryder System from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. ValuEngine upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Stephens cut Ryder System from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $81.00 to $71.00 in a report on Wednesday, April 26th. Finally, Seaport Global Securities began coverage on Ryder System in a research note on Friday, April 21st. They issued a “neutral” rating for the company. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $77.00.
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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