Two Sigma Advisers LP reduced its stake in Ryder System, Inc. (NYSE:R) by 27.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of 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 purchasing an additional 855,742 shares during the period. Pzena Investment Management LLC raised its holdings in shares of Ryder System by 145.2% in the 4th quarter. Pzena Investment Management LLC now owns 1,380,890 shares of the transportation company’s stock valued at $116,230,000 after purchasing an additional 817,610 shares during the period. Impala Asset Management LLC bought a new stake in shares of Ryder System in the 3rd quarter valued at about $23,404,000. Cornerstone Capital Management Holdings LLC. raised its holdings in shares of Ryder System by 208.0% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 356,907 shares of the transportation company’s stock valued at $30,175,000 after purchasing an additional 241,018 shares during the period. Finally, Schroder Investment Management Group raised its holdings in shares of Ryder System by 22.6% in the 3rd quarter. Schroder Investment Management Group now owns 1,073,478 shares of the transportation company’s stock valued at $90,182,000 after purchasing an additional 198,098 shares during the period. 93.35% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently commented on R shares. Zacks Investment Research upgraded shares of Ryder System from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Monday, January 15th. Buckingham Research reiterated a “buy” rating and issued a $90.00 price target (down previously from $101.00) on shares of Ryder System in a research note on Tuesday, February 20th. Stifel Nicolaus reiterated a “hold” rating on shares of Ryder System in a research note on Friday, February 23rd. JPMorgan Chase reiterated a “neutral” rating and issued a $73.00 price target (down previously from $94.00) on shares of Ryder System in a research note on Tuesday, February 20th. Finally, Seaport Global Securities restated a “hold” rating on shares of Ryder System in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $88.00.
Shares of Ryder System stock traded down $2.85 on Friday, reaching $69.93. 582,317 shares of the stock were exchanged, compared to its average volume of 544,441. Ryder System, Inc. has a one year low of $62.52 and a one year high of $90.26. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.62. The company has a market cap of $3,704.75, a PE ratio of 15.44, a price-to-earnings-growth ratio of 0.83 and a beta of 1.47.
Ryder System (NYSE:R) last issued its quarterly earnings results on Friday, February 16th. The transportation company reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.01. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.84 billion. Ryder System had a net margin of 10.78% and a return on equity of 10.47%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 EPS. research analysts forecast that Ryder System, Inc. will post 5.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Tuesday, February 20th were paid a $0.52 dividend. This is an increase from Ryder System’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.08 annualized dividend and a yield of 2.97%. Ryder System’s dividend payout ratio is presently 45.92%.
Ryder System declared that its Board of Directors has approved a stock buyback plan on Thursday, December 14th that authorizes the company to repurchase 1,500,000 shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
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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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