Public Employees Retirement Association of Colorado lessened its holdings in shares of Ryder (NYSE:R) by 13.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 9,734 shares of the transportation company’s stock after selling 1,466 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Ryder were worth $709,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. boosted its position in Ryder by 17.1% during the 4th quarter. BlackRock Inc. now owns 5,870,993 shares of the transportation company’s stock worth $494,161,000 after acquiring an additional 855,742 shares during the period. Wells Fargo & Company MN raised its stake in shares of Ryder by 2.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,906,691 shares of the transportation company’s stock worth $160,487,000 after buying an additional 39,052 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of Ryder by 145.2% in the 4th 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 in the last quarter. Schroder Investment Management Group raised its stake in shares of Ryder by 0.9% in the 4th quarter. Schroder Investment Management Group now owns 1,083,439 shares of the transportation company’s stock worth $91,193,000 after buying an additional 9,961 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Ryder by 17.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,001,310 shares of the transportation company’s stock worth $84,280,000 after buying an additional 147,640 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.
A number of research firms have recently commented on R. Stifel Nicolaus dropped their price objective on Ryder from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Wednesday, April 25th. Buckingham Research reissued a “buy” rating and issued a $90.00 price objective (down previously from $101.00) on shares of Ryder in a research note on Tuesday, February 20th. KeyCorp reissued an “overweight” rating and issued a $95.00 price objective (down previously from $100.00) on shares of Ryder in a research note on Tuesday, February 20th. JPMorgan Chase reissued a “neutral” rating and issued a $73.00 price objective (down previously from $94.00) on shares of Ryder in a research note on Tuesday, February 20th. Finally, Robert W. Baird dropped their price objective on Ryder from $84.00 to $80.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Ryder presently has an average rating of “Hold” and an average price target of $84.75.
R opened at $67.29 on Friday. Ryder has a one year low of $62.99 and a one year high of $90.26. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.68 and a current ratio of 0.72. The firm has a market capitalization of $3.62 billion, a PE ratio of 14.85, a PEG ratio of 0.81 and a beta of 1.49.
Ryder (NYSE:R) last announced its earnings results on Tuesday, April 24th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. Ryder had a return on equity of 9.82% and a net margin of 10.50%. Ryder’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share. research analysts forecast that Ryder will post 5.61 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Monday, May 21st will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Friday, May 18th. Ryder’s dividend payout ratio (DPR) is presently 45.92%.
In other news, Director Luis P. Nieto, Jr. sold 1,990 shares of the business’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $67.93, for a total transaction of $135,180.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director E Follin Smith sold 988 shares of the business’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $68.41, for a total value of $67,589.08. Following the sale, the director now directly owns 28,698 shares in the company, valued at $1,963,230.18. The disclosure for this sale can be found here. 2.27% of the stock is owned by insiders.
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.
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