Quantbot Technologies LP Invests $639,000 in Ryder System, Inc. (R) Stock
Quantbot Technologies LP acquired a new stake in Ryder System, Inc. (NYSE:R) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,752 shares of the transportation company’s stock, valued at approximately $639,000.
Other large investors have also made changes to their positions in the company. Prudential Financial Inc. grew its stake in shares of Ryder System by 28.7% during the 3rd quarter. Prudential Financial Inc. now owns 619,218 shares of the transportation company’s stock worth $45,247,000 after acquiring an additional 138,066 shares during the period. Cambridge Financial Group Inc. grew its stake in shares of Ryder System by 11.4% during the 2nd quarter. Cambridge Financial Group Inc. now owns 81,556 shares of the transportation company’s stock worth $5,861,000 after acquiring an additional 8,354 shares during the period. LSV Asset Management grew its stake in shares of Ryder System by 5.8% during the 2nd quarter. LSV Asset Management now owns 1,889,814 shares of the transportation company’s stock worth $135,802,000 after acquiring an additional 102,980 shares during the period. Wells Fargo & Company MN grew its stake in shares of Ryder System by 3.9% during the 2nd quarter. Wells Fargo & Company MN now owns 1,365,424 shares of the transportation company’s stock worth $98,119,000 after acquiring an additional 51,703 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of Ryder System by 2.9% during the 2nd quarter. Arizona State Retirement System now owns 36,863 shares of the transportation company’s stock worth $2,649,000 after acquiring an additional 1,053 shares during the period. Hedge funds and other institutional investors own 88.85% of the company’s stock.
In other Ryder System news, Director David G. Nord purchased 2,000 shares of the stock in a transaction on Thursday, November 8th. The shares were purchased at an average price of $57.24 per share, with a total value of $114,480.00. Following the acquisition, the director now directly owns 3,990 shares in the company, valued at approximately $228,387.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John J. Gleason sold 12,795 shares of the firm’s stock in a transaction dated Tuesday, November 27th. The shares were sold at an average price of $55.14, for a total value of $705,516.30. The disclosure for this sale can be found here. Company insiders own 2.27% of the company’s stock.
Shares of R opened at $52.57 on Friday. The stock has a market cap of $2.84 billion, a P/E ratio of 11.60 and a beta of 1.62. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.64 and a current ratio of 0.67. Ryder System, Inc. has a 52-week low of $51.26 and a 52-week high of $90.26.
Ryder System (NYSE:R) last issued its quarterly earnings data on Friday, October 26th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.01). The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Ryder System had a return on equity of 9.88% and a net margin of 9.98%. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period last year, the company posted $1.33 EPS. As a group, research analysts expect that Ryder System, Inc. will post 5.79 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Monday, November 19th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, November 16th. This represents a $2.16 annualized dividend and a dividend yield of 4.11%. Ryder System’s payout ratio is currently 47.68%.
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About Ryder System
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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