Ryder System, Inc. (NYSE:R) Shares Bought by US Bancorp DE
US Bancorp DE raised its position in Ryder System, Inc. (NYSE:R) by 12.5% during the second quarter, Holdings Channel reports. The institutional investor owned 12,542 shares of the transportation company’s stock after buying an additional 1,395 shares during the period. US Bancorp DE’s holdings in Ryder System were worth $903,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in R. Private Advisor Group LLC acquired a new position in Ryder System during the first quarter worth $116,000. LS Investment Advisors LLC raised its position in Ryder System by 28.8% in the first quarter. LS Investment Advisors LLC now owns 2,473 shares of the transportation company’s stock valued at $187,000 after buying an additional 553 shares during the last quarter. Creative Planning raised its position in Ryder System by 10.0% in the second quarter. Creative Planning now owns 2,904 shares of the transportation company’s stock valued at $209,000 after buying an additional 264 shares during the last quarter. Boston Advisors LLC purchased a new position in Ryder System during the first quarter valued at about $224,000. Finally, Virtu Financial LLC purchased a new position in Ryder System during the first quarter valued at about $256,000. Institutional investors and hedge funds own 92.87% of the company’s stock.
Ryder System, Inc. (NYSE R) traded up 2.1823% during midday trading on Friday, reaching $73.0399. The company’s stock had a trading volume of 257,131 shares. The company has a market capitalization of $3.87 billion, a P/E ratio of 17.5873 and a beta of 1.39. The company has a 50 day moving average of $72.38 and a 200-day moving average of $72.24. Ryder System, Inc. has a 1-year low of $62.03 and a 1-year high of $85.42.
Ryder System (NYSE:R) last announced its quarterly earnings data on Wednesday, July 26th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.07. Ryder System had a return on equity of 11.71% and a net margin of 3.17%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the firm posted $1.56 earnings per share. Ryder System’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities research analysts anticipate that Ryder System, Inc. will post $4.44 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Monday, August 21st will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.84 annualized dividend and a yield of 2.57%. This is a boost from Ryder System’s previous quarterly dividend of $0.44. Ryder System’s dividend payout ratio is presently 42.21%.
R has been the topic of several research reports. Seaport Global Securities initiated coverage on Ryder System in a research note on Friday, April 21st. They set a “neutral” rating on the stock. Stephens lowered Ryder System from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $81.00 to $71.00 in a research note on Wednesday, April 26th. Zacks Investment Research lowered Ryder System from a “hold” rating to a “strong sell” rating in a research note on Friday, April 28th. ValuEngine raised Ryder System from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, BidaskClub raised Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Ryder System has an average rating of “Hold” and an average target price of $77.00.
In other news, insider Dennis C. Cooke sold 9,650 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $72.75, for a total transaction of $702,037.50. Following the sale, the insider now directly owns 2,883 shares in the company, valued at approximately $209,738.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert E. Sanchez sold 26,275 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $72.43, for a total value of $1,903,098.25. Following the sale, the chief executive officer now owns 107,237 shares in the company, valued at $7,767,175.91. The disclosure for this sale can be found here. Corporate insiders own 1.95% of the company’s stock.
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 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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