Signaturefd LLC increased its stake in shares of Ryder System, Inc. (NYSE:R – Get Rating) by 146.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 429 shares of the transportation company’s stock after purchasing an additional 255 shares during the quarter. Signaturefd LLC’s holdings in Ryder System were worth $34,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the stock. Yousif Capital Management LLC bought a new stake in Ryder System during the 4th quarter worth approximately $2,570,000. Zimmermann Investment Management & Planning LLC bought a new stake in Ryder System during the 4th quarter worth approximately $746,000. Prudential PLC bought a new stake in Ryder System during the 4th quarter worth approximately $483,000. Eagle Asset Management Inc. grew its holdings in Ryder System by 17.0% during the 4th quarter. Eagle Asset Management Inc. now owns 157,705 shares of the transportation company’s stock worth $12,862,000 after acquiring an additional 22,927 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in Ryder System by 9.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 47,258 shares of the transportation company’s stock worth $3,895,000 after acquiring an additional 4,044 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Ryder System from $80.00 to $90.00 in a report on Monday, June 6th. JPMorgan Chase & Co. reduced their price objective on shares of Ryder System from $88.00 to $71.00 and set a “neutral” rating on the stock in a research note on Friday, April 8th. StockNews.com lowered shares of Ryder System from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 4th. Wells Fargo & Company upped their price objective on shares of Ryder System from $68.00 to $81.00 and gave the company an “equal weight” rating in a research note on Monday, June 6th. Finally, Stephens upped their price objective on shares of Ryder System from $83.00 to $86.00 and gave the company an “equal weight” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $86.33.
Ryder System Stock Up 1.2 %
Ryder System (NYSE:R – Get Rating) last issued its earnings results on Wednesday, July 27th. The transportation company reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.74 by $0.69. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.88 billion. Ryder System had a net margin of 6.25% and a return on equity of 24.86%. Ryder System’s revenue was up 27.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.40 earnings per share. As a group, sell-side analysts forecast that Ryder System, Inc. will post 14.48 earnings per share for the current fiscal year.
Ryder System Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Monday, August 22nd will be paid a dividend of $0.62 per share. The ex-dividend date is Friday, August 19th. This is a positive change from Ryder System’s previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a yield of 3.17%. Ryder System’s dividend payout ratio is currently 19.27%.
Insider Buying and Selling
In other Ryder System news, Director Luis P. Nieto, Jr. sold 2,220 shares of the company’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $73.28, for a total transaction of $162,681.60. Following the transaction, the director now owns 26,939 shares in the company, valued at $1,974,089.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Ryder System news, CMO Karen M. Jones sold 7,269 shares of the company’s stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $73.63, for a total transaction of $535,216.47. Following the transaction, the chief marketing officer now owns 6,963 shares in the company, valued at $512,685.69. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Luis P. Nieto, Jr. sold 2,220 shares of the stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $73.28, for a total transaction of $162,681.60. Following the completion of the sale, the director now owns 26,939 shares of the company’s stock, valued at approximately $1,974,089.92. The disclosure for this sale can be found here. Insiders have sold a total of 12,239 shares of company stock valued at $911,298 over the last ninety days. 3.50% of the stock is owned by corporate insiders.
Ryder System Profile
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.
- Get a free copy of the StockNews.com research report on Ryder System (R)
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