UBS Asset Management Americas Inc. boosted its holdings in shares of Ryder System, Inc. (NYSE:R) by 26.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,737 shares of the transportation company’s stock after purchasing an additional 10,845 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.10% of Ryder System worth $3,724,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in R. BlackRock Inc. lifted its stake in Ryder System by 5,520.5% during the first quarter. BlackRock Inc. now owns 3,535,794 shares of the transportation company’s stock valued at $266,741,000 after purchasing an additional 3,472,885 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Ryder System by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 6,246,709 shares of the transportation company’s stock valued at $471,252,000 after acquiring an additional 221,478 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Ryder System by 34.3% in the 1st quarter. AQR Capital Management LLC now owns 786,370 shares of the transportation company’s stock valued at $59,323,000 after acquiring an additional 200,714 shares in the last quarter. Weiss Multi Strategy Advisers LLC purchased a new stake in shares of Ryder System in the 1st quarter valued at approximately $13,061,000. Finally, Schroder Investment Management Group lifted its position in shares of Ryder System by 20.1% in the 2nd quarter. Schroder Investment Management Group now owns 875,380 shares of the transportation company’s stock valued at $62,896,000 after acquiring an additional 146,745 shares in the last quarter. 89.54% of the stock is owned by institutional investors and hedge funds.
In other Ryder System news, insider John S. Sensing sold 4,502 shares of Ryder System stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $73.01, for a total value of $328,691.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Dennis C. Cooke sold 9,650 shares of Ryder System stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $72.75, for a total transaction of $702,037.50. Following the completion of 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. In the last ninety days, insiders sold 40,427 shares of company stock worth $2,933,827. Insiders own 1.95% of the company’s stock.
Several brokerages recently commented on R. ValuEngine upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. KeyCorp upgraded shares of Ryder System from a “sector weight” rating to an “overweight” rating in a research report on Wednesday, September 13th. Robert W. Baird restated an “outperform” rating and issued a $98.00 price target (up previously from $84.00) on shares of Ryder System in a research report on Monday, October 2nd. BidaskClub upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Ryder System from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Tuesday, September 26th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $84.17.
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Ryder System, Inc. (NYSE R) opened at 83.79 on Wednesday. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 20.18 and a beta of 1.41. The firm has a 50-day moving average of $80.06 and a 200 day moving average of $73.12. Ryder System, Inc. has a 1-year low of $62.03 and a 1-year high of $85.50.
Ryder System (NYSE:R) last announced its quarterly earnings results on Wednesday, July 26th. The transportation company reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.07. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the firm posted $1.56 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. Analysts expect that Ryder System, Inc. will post $4.45 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Friday, November 17th. Ryder System’s payout ratio is currently 44.12%.
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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