Dimensional Fund Advisors LP increased its position in shares of Ryder System, Inc. (NYSE:R – Free Report) by 7.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,642,842 shares of the transportation company’s stock after buying an additional 116,446 shares during the period. Dimensional Fund Advisors LP owned 3.61% of Ryder System worth $139,295,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Ryder System by 13.6% during the 1st quarter. JPMorgan Chase & Co. now owns 193,131 shares of the transportation company’s stock worth $15,322,000 after buying an additional 23,111 shares during the period. Cetera Advisor Networks LLC purchased a new position in Ryder System during the first quarter valued at $290,000. MetLife Investment Management LLC grew its position in shares of Ryder System by 33.3% in the first quarter. MetLife Investment Management LLC now owns 34,694 shares of the transportation company’s stock valued at $2,752,000 after purchasing an additional 8,674 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Ryder System by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,678 shares of the transportation company’s stock worth $1,561,000 after purchasing an additional 1,876 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in shares of Ryder System by 12.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 32,930 shares of the transportation company’s stock worth $2,691,000 after purchasing an additional 3,652 shares during the last quarter. Institutional investors and hedge funds own 83.62% of the company’s stock.
Wall Street Analyst Weigh In
R has been the subject of several research reports. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Stephens reduced their target price on Ryder System from $105.00 to $102.00 and set an “equal weight” rating for the company in a report on Friday, October 27th. Wolfe Research cut Ryder System from an “outperform” rating to a “peer perform” rating in a report on Wednesday, October 4th. JPMorgan Chase & Co. increased their target price on Ryder System from $113.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, October 11th. Finally, Robert W. Baird raised Ryder System from a “neutral” rating to an “outperform” rating in a report on Monday, July 31st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $107.17.
Insider Buying and Selling
In related news, EVP Robert D. Fatovic sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $100.58, for a total value of $1,005,800.00. Following the completion of the transaction, the executive vice president now directly owns 61,933 shares in the company, valued at $6,229,221.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Thomas M. Havens sold 7,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $98.14, for a total transaction of $686,980.00. Following the completion of the transaction, the insider now directly owns 20,114 shares in the company, valued at $1,973,987.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Robert D. Fatovic sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $100.58, for a total value of $1,005,800.00. Following the transaction, the executive vice president now owns 61,933 shares of the company’s stock, valued at $6,229,221.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,240 shares of company stock worth $2,678,087. Company insiders own 4.00% of the company’s stock.
Ryder System Price Performance
NYSE:R opened at $107.23 on Tuesday. Ryder System, Inc. has a one year low of $76.15 and a one year high of $107.90. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.51 and a current ratio of 0.53. The stock has a market cap of $4.75 billion, a PE ratio of 10.52 and a beta of 1.48. The stock has a 50 day moving average price of $101.82 and a 200 day moving average price of $93.72.
Ryder System (NYSE:R – Get Free Report) last posted its quarterly earnings results on Wednesday, October 25th. The transportation company reported $3.58 EPS for the quarter, beating the consensus estimate of $3.38 by $0.20. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Ryder System had a return on equity of 21.80% and a net margin of 4.12%. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.45 earnings per share. Equities research analysts expect that Ryder System, Inc. will post 12.79 EPS for the current fiscal year.
Ryder System Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 20th will be given a $0.71 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $2.84 annualized dividend and a yield of 2.65%. Ryder System’s payout ratio is 27.87%.
Ryder System Company Profile
Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website.
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