DekaBank Deutsche Girozentrale Has $212,000 Position in Ryder System, Inc. (NYSE:R)

DekaBank Deutsche Girozentrale reduced its position in shares of Ryder System, Inc. (NYSE:RGet Rating) by 23.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,632 shares of the transportation company’s stock after selling 828 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Ryder System were worth $212,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Confluence Wealth Services Inc. purchased a new position in shares of Ryder System during the 4th quarter valued at $39,000. Koshinski Asset Management Inc. boosted its holdings in Ryder System by 59.7% in the first quarter. Koshinski Asset Management Inc. now owns 749 shares of the transportation company’s stock worth $59,000 after purchasing an additional 280 shares in the last quarter. Carolina Wealth Advisors LLC bought a new stake in Ryder System in the first quarter worth $98,000. Covestor Ltd bought a new stake in Ryder System in the fourth quarter worth $112,000. Finally, Advisor Partners LLC bought a new stake in Ryder System in the first quarter worth $201,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Ryder System Trading Down 0.1 %

NYSE R opened at $74.61 on Monday. The stock has a 50-day simple moving average of $75.62 and a 200 day simple moving average of $75.11. The company has a market capitalization of $3.82 billion, a PE ratio of 6.20 and a beta of 1.73. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 1.97. Ryder System, Inc. has a 12 month low of $61.71 and a 12 month high of $93.05.

Ryder System (NYSE:RGet Rating) last announced its quarterly earnings results on Wednesday, April 27th. The transportation company reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $1.21. Ryder System had a return on equity of 24.86% and a net margin of 6.25%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the company earned $1.09 earnings per share. The company’s revenue for the quarter was up 28.4% compared to the same quarter last year. Research analysts forecast that Ryder System, Inc. will post 14.48 EPS for the current year.

Ryder System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Monday, August 22nd will be issued a $0.62 dividend. This is an increase from Ryder System’s previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Friday, August 19th. Ryder System’s dividend payout ratio is 19.27%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on R. JPMorgan Chase & Co. decreased their price objective on shares of Ryder System from $88.00 to $71.00 and set a “neutral” rating for the company in a report on Friday, April 8th. StockNews.com lowered shares of Ryder System from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 4th. Wolfe Research raised shares of Ryder System from an “underperform” rating to a “peer perform” rating in a research report on Monday, June 6th. Wells Fargo & Company boosted their target price on shares of Ryder System from $68.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Monday, June 6th. Finally, Stifel Nicolaus boosted their target price on shares of Ryder System from $80.00 to $90.00 in a research report on Monday, June 6th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $87.67.

Insiders Place Their Bets

In other Ryder System news, CMO Karen M. Jones sold 7,269 shares of the stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $73.63, for a total value of $535,216.47. Following the completion of the sale, the chief marketing officer now directly owns 6,963 shares in the company, valued at $512,685.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CMO Karen M. Jones sold 7,269 shares of the company’s stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $73.63, for a total transaction of $535,216.47. Following the completion of the transaction, the chief marketing officer now directly owns 6,963 shares of the company’s stock, valued at $512,685.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Luis P. Nieto, Jr. sold 2,220 shares of the company’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $73.28, for a total value of $162,681.60. Following the transaction, the director now directly owns 26,939 shares of the company’s stock, valued at $1,974,089.92. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

Ryder System Profile

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Ryder System, Inc operates as a logistics and transportation company worldwide. The company 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, 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 fleet support services.

See Also

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

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