Two Sigma Advisers LP trimmed its holdings in shares of Ryder System, Inc. (NYSE:R) by 27.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 432,061 shares of the transportation company’s stock after selling 166,261 shares during the quarter. Two Sigma Advisers LP owned 0.82% of Ryder System worth $36,367,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in R. BlackRock Inc. increased its position in Ryder System by 17.1% in the fourth quarter. BlackRock Inc. now owns 5,870,993 shares of the transportation company’s stock worth $494,161,000 after buying an additional 855,742 shares during the last quarter. Pzena Investment Management LLC increased its position in Ryder System by 145.2% in the fourth quarter. Pzena Investment Management LLC now owns 1,380,890 shares of the transportation company’s stock worth $116,230,000 after buying an additional 817,610 shares during the last quarter. Impala Asset Management LLC purchased a new stake in Ryder System in the third quarter worth $23,404,000. Cornerstone Capital Management Holdings LLC. increased its position in Ryder System by 208.0% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 356,907 shares of the transportation company’s stock worth $30,175,000 after buying an additional 241,018 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in Ryder System by 22.6% in the third quarter. Schroder Investment Management Group now owns 1,073,478 shares of the transportation company’s stock worth $90,182,000 after buying an additional 198,098 shares during the last quarter. 93.38% of the stock is owned by institutional investors and hedge funds.
Ryder System, Inc. (R) opened at $75.20 on Friday. Ryder System, Inc. has a twelve month low of $62.52 and a twelve month high of $90.26. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.66 and a quick ratio of 0.62. The company has a market capitalization of $3,957.42, a price-to-earnings ratio of 5.05, a PEG ratio of 0.89 and a beta of 1.52.
Ryder System (NYSE:R) last posted its quarterly earnings results on Friday, February 16th. The transportation company reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.01. Ryder System had a return on equity of 10.47% and a net margin of 10.78%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the company earned $1.07 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. research analysts anticipate that Ryder System, Inc. will post 5.61 EPS for the current fiscal year.
Ryder System declared that its board has approved a share buyback program on Thursday, December 14th that authorizes the company to repurchase 1,500,000 shares. This repurchase authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Tuesday, February 20th were issued a $0.52 dividend. This is a positive change from Ryder System’s previous quarterly dividend of $0.46. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Friday, February 16th. Ryder System’s dividend payout ratio (DPR) is presently 13.97%.
A number of analysts have issued reports on R shares. Zacks Investment Research raised Ryder System from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Monday, January 15th. Buckingham Research reissued a “buy” rating and issued a $90.00 target price (down from $101.00) on shares of Ryder System in a research report on Tuesday, February 20th. Stifel Nicolaus reissued a “hold” rating on shares of Ryder System in a research report on Friday, February 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $73.00 price target (down from $94.00) on shares of Ryder System in a report on Tuesday, February 20th. Finally, Seaport Global Securities reaffirmed a “hold” rating on shares of Ryder System in a report on Friday, February 23rd. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $88.00.
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Ryder System 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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