Gotham Asset Management LLC Has $6.94 Million Position in Ryder System, Inc. (R)

Gotham Asset Management LLC lowered its position in shares of Ryder System, Inc. (NYSE:R) by 64.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,341 shares of the transportation company’s stock after selling 177,497 shares during the period. Gotham Asset Management LLC owned approximately 0.18% of Ryder System worth $6,935,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in R. BlackRock Inc. grew its position in Ryder System by 5,520.5% in the 1st quarter. BlackRock Inc. now owns 3,535,794 shares of the transportation company’s stock worth $266,741,000 after purchasing an additional 3,472,885 shares during the period. Vanguard Group Inc. grew its position in Ryder System by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 6,246,709 shares of the transportation company’s stock worth $471,252,000 after purchasing an additional 221,478 shares during the period. AQR Capital Management LLC grew its position in Ryder System by 34.3% in the 1st quarter. AQR Capital Management LLC now owns 786,370 shares of the transportation company’s stock worth $59,323,000 after purchasing an additional 200,714 shares during the period. Weiss Multi Strategy Advisers LLC bought a new stake in Ryder System in the 1st quarter worth approximately $13,061,000. Finally, Schroder Investment Management Group grew its position in Ryder System by 20.1% in the 2nd quarter. Schroder Investment Management Group now owns 875,380 shares of the transportation company’s stock worth $62,896,000 after purchasing an additional 146,745 shares during the period. 89.54% of the stock is owned by institutional investors.

Ryder System, Inc. (R) opened at 84.05 on Tuesday. The stock has a market cap of $4.45 billion, a PE ratio of 20.24 and a beta of 1.40. The company’s 50 day moving average is $79.73 and its 200-day moving average is $73.04. Ryder System, Inc. has a 1-year low of $62.03 and a 1-year high of $85.50.

Ryder System (NYSE:R) last released its quarterly earnings results on Wednesday, July 26th. The transportation company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.07. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.76 billion. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business earned $1.56 earnings per share. Equities research analysts forecast that Ryder System, Inc. will post $4.45 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 20th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 annualized dividend and a yield of 2.21%. Ryder System’s dividend payout ratio is presently 44.12%.

R has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Ryder System from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Tuesday, September 26th. BidaskClub raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. ValuEngine raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Buckingham Research initiated coverage on shares of Ryder System in a research report on Monday, August 21st. They issued a “buy” rating and a $85.00 target price for the company. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $68.00 target price on shares of Ryder System in a research report on Tuesday, September 5th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $81.83.

ILLEGAL ACTIVITY NOTICE: “Gotham Asset Management LLC Has $6.94 Million Position in Ryder System, Inc. (R)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/10/gotham-asset-management-llc-has-6-94-million-position-in-ryder-system-inc-r.html.

In other news, insider Dennis C. Cooke sold 9,650 shares of Ryder System stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.75, for a total value of $702,037.50. Following the sale, the insider now owns 2,883 shares in the company, valued at $209,738.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert E. Sanchez sold 26,275 shares of Ryder System stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $72.43, for a total transaction of $1,903,098.25. Following the completion of the sale, the chief executive officer now owns 107,237 shares in the company, valued at approximately $7,767,175.91. The disclosure for this sale can be found here. In the

Several other institutional investors and hedge funds have also recently made changes to their positions in R. BlackRock Inc. grew its position in Ryder System by 5,520.5% in the 1st quarter. BlackRock Inc. now owns 3,535,794 shares of the transportation company’s stock worth $266,741,000 after purchasing an additional 3,472,885 shares during the period. Vanguard Group Inc. grew its position in Ryder System by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 6,246,709 shares of the transportation company’s stock worth $471,252,000 after purchasing an additional 221,478 shares during the period. AQR Capital Management LLC grew its position in Ryder System by 34.3% in the 1st quarter. AQR Capital Management LLC now owns 786,370 shares of the transportation company’s stock worth $59,323,000 after purchasing an additional 200,714 shares during the period. Weiss Multi Strategy Advisers LLC bought a new stake in Ryder System in the 1st quarter worth approximately $13,061,000. Finally, Schroder Investment Management Group grew its position in Ryder System by 20.1% in the 2nd quarter. Schroder Investment Management Group now owns 875,380 shares of the transportation company’s stock worth $62,896,000 after purchasing an additional 146,745 shares during the period. 89.54% of the stock is owned by institutional investors.

Ryder System, Inc. (R) opened at 84.05 on Tuesday. The stock has a market cap of $4.45 billion, a PE ratio of 20.24 and a beta of 1.40. The company’s 50 day moving average is $79.73 and its 200-day moving average is $73.04. Ryder System, Inc. has a 1-year low of $62.03 and a 1-year high of $85.50.

Ryder System (NYSE:R) last released its quarterly earnings results on Wednesday, July 26th. The transportation company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.07. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.76 billion. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business earned $1.56 earnings per share. Equities research analysts forecast that Ryder System, Inc. will post $4.45 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 20th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 annualized dividend and a yield of 2.21%. Ryder System’s dividend payout ratio is presently 44.12%.

R has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Ryder System from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Tuesday, September 26th. BidaskClub raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. ValuEngine raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Buckingham Research initiated coverage on shares of Ryder System in a research report on Monday, August 21st. They issued a “buy” rating and a $85.00 target price for the company. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $68.00 target price on shares of Ryder System in a research report on Tuesday, September 5th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $81.83.

ILLEGAL ACTIVITY NOTICE: “Gotham Asset Management LLC Has $6.94 Million Position in Ryder System, Inc. (R)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/10/gotham-asset-management-llc-has-6-94-million-position-in-ryder-system-inc-r.html.

In other news, insider Dennis C. Cooke sold 9,650 shares of Ryder System stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.75, for a total value of $702,037.50. Following the sale, the insider now owns 2,883 shares in the company, valued at $209,738.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert E. Sanchez sold 26,275 shares of Ryder System stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $72.43, for a total transaction of $1,903,098.25. Following the completion of the sale, the chief executive officer now owns 107,237 shares in the company, valued at approximately $7,767,175.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,427 shares of company stock worth $2,933,827. 1.95% of the stock is owned by company insiders.

About Ryder System

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.

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

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