Ryder System Inc. (R) Shares Sold by Stoneridge Investment Partners LLC
Stoneridge Investment Partners LLC decreased its position 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 owned approximately 0.10% of Ryder System worth $3,358,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. boosted its position in Ryder System by 133.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,788 shares of the company’s stock worth $116,000 after buying an additional 1,021 shares during the period. BlackRock Japan Co. Ltd boosted its position in Ryder System by 1.4% in the first quarter. BlackRock Japan Co. Ltd now owns 2,735 shares of the company’s stock worth $177,000 after buying an additional 39 shares during the period. Sentry Investment Management LLC purchased a new position in Ryder System during the first quarter worth about $203,000. Parametrica Management Ltd purchased a new position in Ryder System during the second quarter worth about $230,000. Finally, M&T Bank Corp purchased a new position in Ryder System during the first quarter worth about $262,000. Hedge funds and other institutional investors own 91.81% of the company’s stock.
Shares of Ryder System Inc. (NYSE:R) traded down 2.87% during mid-day trading on Tuesday, hitting $63.39. 847,458 shares of the company’s stock traded hands. Ryder System Inc. has a 52 week low of $45.12 and a 52 week high of $78.28. The company has a market cap of $3.39 billion, a PE ratio of 11.44 and a beta of 1.73. The firm has a 50-day moving average of $65.36 and a 200 day moving average of $65.57.
Ryder System (NYSE:R) last posted its earnings results on Wednesday, July 27th. The company reported $1.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.02. Ryder System had a net margin of 4.44% and a return on equity of 16.21%. The firm earned $1.70 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period last year, the company posted $1.65 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities research analysts predict that Ryder System Inc. will post $5.97 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Monday, August 22nd were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.78%. This is a boost from Ryder System’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, August 18th. Ryder System’s dividend payout ratio (DPR) is currently 31.71%.
A number of research firms have recently issued reports on R. Royal Bank Of Canada reiterated a “hold” rating on shares of Ryder System in a research note on Monday, June 13th. Robert W. Baird reiterated a “buy” rating on shares of Ryder System in a research note on Monday, June 13th. Finally, Zacks Investment Research upgraded shares of Ryder System from a “sell” rating to a “hold” rating in a research note on Thursday, September 1st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Ryder System currently has an average rating of “Buy” and an average target price of $81.57.
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 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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