Skylands Capital LLC maintained its position in Ryder System, Inc. (NYSE:R) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,550 shares of the transportation company’s stock at the end of the second quarter. Skylands Capital LLC’s holdings in Ryder System were worth $1,479,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of R. LS Investment Advisors LLC boosted its stake 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 period. Creative Planning boosted its stake in Ryder System by 10.0% in the second quarter. Creative Planning now owns 2,904 shares of the transportation company’s stock valued at $209,000 after buying an additional 264 shares during the period. Boston Advisors LLC purchased a new stake in Ryder System during the first quarter valued at about $224,000. Contravisory Investment Management Inc. boosted its stake 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 valued at $241,000 after buying an additional 770 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Ryder System during the first quarter valued at about $256,000. Institutional investors and hedge funds own 92.87% of the company’s stock.
Ryder System, Inc. (NYSE R) opened at 72.72 on Thursday. The firm has a 50-day moving average of $72.26 and a 200-day moving average of $72.24. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 17.51 and a beta of 1.39. Ryder System, Inc. has a 1-year low of $62.03 and a 1-year high of $85.42.
Ryder System (NYSE:R) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the previous year, the firm earned $1.56 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. On average, analysts expect 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 2.53%. 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%.
ILLEGAL ACTIVITY NOTICE: “Ryder System, Inc. (NYSE:R) Position Held by Skylands Capital LLC” was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://stocknewstimes.com/2017/08/10/skylands-capital-llc-holds-position-in-ryder-system-inc-nyser-updated-updated.html.
R has been the subject of several recent analyst reports. Stephens cut shares of Ryder System from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $81.00 to $71.00 in a research report on Wednesday, April 26th. Zacks Investment Research cut shares of Ryder System from a “hold” rating to a “strong sell” rating in a research report on Friday, April 28th. BidaskClub raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. ValuEngine raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Seaport Global Securities initiated coverage on shares of Ryder System in a research report 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 given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $77.00.
In other news, CEO Robert E. Sanchez sold 26,275 shares of the company’s stock in a transaction on 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 owns 107,237 shares of the company’s stock, valued at approximately $7,767,175.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dennis C. Cooke sold 9,650 shares of the company’s stock in a transaction on 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 directly owns 2,883 shares in the company, valued at approximately $209,738.25. The disclosure for this sale can be found here. 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.
Receive News & Ratings for Ryder System Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
