Ryder System Inc. (R) Shares Sold by Stoneridge Investment Partners LLC
Stoneridge Investment Partners LLC reduced its stake in Ryder System Inc. (NYSE:R) by 18.3% during the second quarter, Holdings Channel reports. The institutional investor owned 54,924 shares of the company’s stock after selling 12,294 shares during the period. Stoneridge Investment Partners LLC’s holdings in Ryder System were worth $3,358,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of R. BlackRock Japan Co. Ltd boosted its stake in Ryder System by 1.4% in the first quarter. BlackRock Japan Co. Ltd now owns 2,735 shares of the company’s stock valued at $177,000 after buying an additional 39 shares in the last quarter. IBM Retirement Fund raised its position in shares of Ryder System by 2.6% in the second quarter. IBM Retirement Fund now owns 5,404 shares of the company’s stock valued at $330,000 after buying an additional 138 shares during the last quarter. Ramsey Quantitative Systems raised its position in shares of Ryder System by 5.5% in the first quarter. Ramsey Quantitative Systems now owns 8,786 shares of the company’s stock valued at $569,000 after buying an additional 456 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Ryder System by 1.6% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 45,875 shares of the company’s stock valued at $2,805,000 after buying an additional 737 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX raised its position in shares of Ryder System by 6.7% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 13,901 shares of the company’s stock valued at $850,000 after buying an additional 877 shares during the last quarter. 91.81% of the stock is owned by hedge funds and other institutional investors.
Ryder System Inc. (NYSE:R) traded down 2.87% during mid-day trading on Tuesday, reaching $63.39. 847,458 shares of the company’s stock were exchanged. The company’s 50-day moving average is $65.36 and its 200 day moving average is $65.57. The firm has a market capitalization of $3.39 billion, a P/E ratio of 11.44 and a beta of 1.73. Ryder System Inc. has a one year low of $45.12 and a one year high of $78.28.
Ryder System (NYSE:R) last announced its earnings results on Wednesday, July 27th. The company reported $1.56 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.02. The business earned $1.70 billion during the quarter, compared to the consensus estimate of $1.70 billion. Ryder System had a net margin of 4.44% and a return on equity of 16.21%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 earnings per share. Equities analysts predict that Ryder System Inc. will post $5.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Monday, August 22nd were issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This is an increase from Ryder System’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a yield of 2.78%. Ryder System’s payout ratio is currently 31.71%.
Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Ryder System from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Robert W. Baird reiterated a “buy” rating on shares of Ryder System in a research note on Monday, June 13th. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Ryder System in a research note on Monday, June 13th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Ryder System presently has a consensus rating of “Buy” and an average target price of $81.57.
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 full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to customers 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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