State of Tennessee Treasury Department decreased its position in Ryder System, Inc. (NYSE:R) by 23.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,900 shares of the transportation company’s stock after selling 15,000 shares during the period. State of Tennessee Treasury Department owned 0.09% of Ryder System worth $4,050,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of R. BlackRock Inc. increased its stake in Ryder System by 41.7% in the 2nd quarter. BlackRock Inc. now owns 5,010,932 shares of the transportation company’s stock valued at $360,685,000 after buying an additional 1,475,138 shares during the last quarter. Monarch Partners Asset Management LLC purchased a new stake in Ryder System in the 3rd quarter valued at about $15,480,000. Arrowstreet Capital Limited Partnership purchased a new stake in Ryder System in the 2nd quarter valued at about $11,423,000. Schroder Investment Management Group increased its stake 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 valued at $62,896,000 after buying an additional 146,745 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Ryder System by 238.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 207,424 shares of the transportation company’s stock valued at $14,929,000 after buying an additional 146,118 shares during the last quarter. Hedge funds and other institutional investors own 88.85% of the company’s stock.
Ryder System, Inc. (NYSE:R) opened at $77.97 on Thursday. Ryder System, Inc. has a one year low of $62.52 and a one year high of $85.50. The firm has a market cap of $4,198.75, a P/E ratio of 18.79, a P/E/G ratio of 1.17 and a beta of 1.51. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 2.39.
Ryder System (NYSE:R) last released its quarterly earnings data on Tuesday, October 24th. The transportation company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. Ryder System had a net margin of 2.75% and a return on equity of 10.72%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the business earned $1.67 EPS. Ryder System’s revenue was up 7.2% compared to the same quarter last year. equities analysts predict that Ryder System, Inc. will post 4.5 earnings per share for the current fiscal year.
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 paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 dividend on an annualized basis and a yield of 2.36%. Ryder System’s dividend payout ratio is 49.86%.
In other Ryder System news, insider John S. Sensing sold 4,502 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $73.01, for a total value of $328,691.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dennis C. Cooke sold 32,328 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $81.46, for a total transaction of $2,633,438.88. The disclosure for this sale can be found here. Insiders sold a total of 41,620 shares of company stock valued at $3,353,856 over the last quarter. 1.95% of the stock is owned by company insiders.
Several brokerages have recently issued reports on R. ValuEngine lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Robert W. Baird restated an “outperform” rating and set a $98.00 price target (up previously from $84.00) on shares of Ryder System in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. J P Morgan Chase & Co raised their price target on shares of Ryder System from $69.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Finally, Aegis restated a “buy” rating and set a $91.00 price target (up previously from $84.00) on shares of Ryder System in a research note on Tuesday, October 10th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $85.00.
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Ryder System Company Profile
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.
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