Advisor Group Inc. Has $672,000 Holdings in Ryder System, Inc. (R)
Advisor Group Inc. boosted its position in shares of Ryder System, Inc. (NYSE:R) by 5.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,348 shares of the transportation company’s stock after acquiring an additional 514 shares during the quarter. Advisor Group Inc.’s holdings in Ryder System were worth $672,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. UBS Asset Management Americas Inc. increased its position in Ryder System by 20.0% during the first quarter. UBS Asset Management Americas Inc. now owns 40,892 shares of the transportation company’s stock worth $3,085,000 after acquiring an additional 6,821 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Ryder System by 29.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,966 shares of the transportation company’s stock worth $299,000 after buying an additional 901 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Ryder System by 12.7% during the first quarter. Ameriprise Financial Inc. now owns 72,992 shares of the transportation company’s stock worth $5,505,000 after buying an additional 8,204 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in Ryder System by 9.5% during the first quarter. Mutual of America Capital Management LLC now owns 6,774 shares of the transportation company’s stock worth $511,000 after buying an additional 588 shares in the last quarter. Finally, Mason Street Advisors LLC grew its stake in Ryder System by 1.0% during the first quarter. Mason Street Advisors LLC now owns 7,389 shares of the transportation company’s stock worth $557,000 after buying an additional 75 shares in the last quarter. 89.54% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider John S. Sensing sold 4,502 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $73.01, for a total transaction 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 9,650 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $72.75, for a total value of $702,037.50. Following the transaction, the insider now owns 2,883 shares of the company’s stock, valued at $209,738.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,427 shares of company stock valued at $2,933,827. 1.95% of the stock is owned by corporate insiders.
A number of equities research analysts have issued reports on R shares. ValuEngine upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. KeyCorp upgraded shares of Ryder System from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, September 13th. Stifel Nicolaus restated a “hold” rating and issued a $68.00 price target on shares of Ryder System in a research note on Tuesday, September 5th. Finally, Zacks Investment Research upgraded shares of Ryder System from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Friday, July 7th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $81.83.
Ryder System, Inc. (NYSE R) opened at 82.99 on Thursday. Ryder System, Inc. has a 12-month low of $62.03 and a 12-month high of $85.50. The company has a market cap of $4.40 billion, a price-to-earnings ratio of 19.98 and a beta of 1.41. The firm’s 50-day moving average is $78.81 and its 200 day moving average is $72.82.
Ryder System (NYSE:R) last announced its quarterly earnings results on Wednesday, July 26th. The transportation company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.07. Ryder System had a return on equity of 11.71% and a net margin of 3.17%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter last year, the firm posted $1.56 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. On average, equities analysts expect that Ryder System, Inc. will post $4.45 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Monday, August 21st were issued a $0.46 dividend. This is an increase from Ryder System’s previous quarterly dividend of $0.44. The ex-dividend date was Thursday, August 17th. This represents a $1.84 dividend on an annualized basis and a yield of 2.22%. Ryder System’s dividend payout ratio is 44.12%.
Ryder System 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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