Northwestern Mutual Investment Management Company LLC Has $789,000 Position in Ryder System, Inc. (R)

Northwestern Mutual Investment Management Company LLC increased its position in Ryder System, Inc. (NYSE:R) by 56.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,840 shares of the transportation company’s stock after acquiring an additional 3,906 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Ryder System were worth $789,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in Ryder System by 17.1% in the 4th quarter. BlackRock Inc. now owns 5,870,993 shares of the transportation company’s stock valued at $494,161,000 after buying an additional 855,742 shares in the last quarter. Millennium Management LLC grew its position in Ryder System by 102.3% in the 4th quarter. Millennium Management LLC now owns 567,901 shares of the transportation company’s stock valued at $47,800,000 after buying an additional 287,241 shares in the last quarter. Pzena Investment Management LLC grew its position in Ryder System by 20.1% in the 1st quarter. Pzena Investment Management LLC now owns 1,658,741 shares of the transportation company’s stock valued at $120,740,000 after buying an additional 277,851 shares in the last quarter. American Century Companies Inc. grew its position in Ryder System by 3,121.7% in the 1st quarter. American Century Companies Inc. now owns 274,040 shares of the transportation company’s stock valued at $19,947,000 after buying an additional 265,534 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Ryder System by 100.2% in the 4th quarter. Renaissance Technologies LLC now owns 353,200 shares of the transportation company’s stock valued at $29,729,000 after buying an additional 176,800 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director E Follin Smith sold 988 shares of the firm’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $68.41, for a total transaction of $67,589.08. Following the completion of the transaction, the director now owns 28,698 shares in the company, valued at approximately $1,963,230.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Luis P. Nieto, Jr. sold 1,990 shares of the firm’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $67.93, for a total transaction of $135,180.70. The disclosure for this sale can be found here. Company insiders own 2.27% of the company’s stock.



A number of equities analysts recently issued reports on the stock. KeyCorp decreased their target price on shares of Ryder System from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday. ValuEngine lowered shares of Ryder System from a “hold” rating to a “sell” rating in a research report on Wednesday, June 6th. Robert W. Baird decreased their target price on shares of Ryder System from $84.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday, April 25th. Stifel Nicolaus decreased their target price on shares of Ryder System from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Wednesday, April 25th. Finally, Goldman Sachs Group assumed coverage on shares of Ryder System in a research report on Tuesday, April 10th. They issued a “neutral” rating and a $73.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $84.13.

Ryder System opened at $72.35 on Friday, Marketbeat.com reports. Ryder System, Inc. has a twelve month low of $65.65 and a twelve month high of $90.26. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.72 and a quick ratio of 0.68. The stock has a market cap of $3.88 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 0.87 and a beta of 1.46.

Ryder System (NYSE:R) last posted its quarterly earnings data on Tuesday, April 24th. The transportation company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.04. Ryder System had a net margin of 10.50% and a return on equity of 9.82%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the firm posted $0.82 EPS. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. equities research analysts expect that Ryder System, Inc. will post 5.63 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Monday, May 21st were given a dividend of $0.52 per share. The ex-dividend date was Friday, May 18th. This represents a $2.08 annualized dividend and a dividend yield of 2.87%. Ryder System’s dividend payout ratio (DPR) is 45.92%.

About Ryder System

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 ancillary maintenance and fleet support services.

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

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