Intrust Bank NA Buys 1,015 Shares of Ryder System, Inc. (R)
Intrust Bank NA increased its stake in shares of Ryder System, Inc. (NYSE:R) by 16.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,352 shares of the transportation company’s stock after acquiring an additional 1,015 shares during the quarter. Intrust Bank NA’s holdings in Ryder System were worth $529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Adviser Investments LLC bought a new position in Ryder System during the 1st quarter worth approximately $109,000. Pinnacle Associates Ltd. purchased a new stake in Ryder System in the 2nd quarter worth approximately $233,000. Assetmark Inc. lifted its holdings in Ryder System by 27,850.0% in the 1st quarter. Assetmark Inc. now owns 3,354 shares of the transportation company’s stock worth $244,000 after buying an additional 3,342 shares during the period. Verition Fund Management LLC purchased a new stake in Ryder System in the 1st quarter worth approximately $252,000. Finally, Alambic Investment Management L.P. lifted its holdings in Ryder System by 40.0% in the 1st quarter. Alambic Investment Management L.P. now owns 3,500 shares of the transportation company’s stock worth $255,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 91.73% of the company’s stock.
R has been the subject of several research analyst reports. Zacks Investment Research upgraded Ryder System from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Tuesday, July 17th. Mizuho started coverage on Ryder System in a report on Thursday, June 28th. They issued a “buy” rating and a $85.00 price objective for the company. Stifel Nicolaus raised their target price on Ryder System from $76.00 to $81.00 and gave the company a “hold” rating in a research note on Thursday, July 26th. Robert W. Baird lowered their target price on Ryder System from $84.00 to $80.00 and set an “outperform” rating for the company in a research note on Wednesday, April 25th. Finally, KeyCorp lowered their target price on Ryder System from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, June 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $83.89.
R opened at $77.73 on Monday. The company has a market capitalization of $4.07 billion, a PE ratio of 17.16, a PEG ratio of 0.88 and a beta of 1.52. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.68 and a quick ratio of 0.64. Ryder System, Inc. has a 52 week low of $65.65 and a 52 week high of $90.26.
Ryder System (NYSE:R) last announced its quarterly earnings data on Wednesday, July 25th. The transportation company reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.13. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Ryder System had a return on equity of 9.96% and a net margin of 9.99%. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 earnings per share. research analysts expect that Ryder System, Inc. will post 5.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, July 20th will be paid a dividend of $0.54 per share. This is a boost from Ryder System’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Thursday, July 19th. This represents a $2.16 dividend on an annualized basis and a yield of 2.78%. Ryder System’s payout ratio is presently 45.92%.
Ryder System Profile
Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as ancillary maintenance and fleet support services.
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