Ryder System, Inc. (R) Holdings Boosted by TLP Group LLC
TLP Group LLC boosted its holdings in shares of Ryder System, Inc. (NYSE:R) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,594 shares of the transportation company’s stock after purchasing an additional 293 shares during the quarter. Ryder System makes up 1.7% of TLP Group LLC’s holdings, making the stock its 16th largest position. TLP Group LLC’s holdings in Ryder System were worth $457,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of R. Bessemer Group Inc. lifted its position in shares of Ryder System by 155.3% in the fourth quarter. Bessemer Group Inc. now owns 720 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 438 shares in the last quarter. JOYN Advisors Inc. lifted its position in shares of Ryder System by 205.7% in the fourth quarter. JOYN Advisors Inc. now owns 804 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 541 shares in the last quarter. Royce & Associates LP purchased a new position in shares of Ryder System in the fourth quarter valued at approximately $43,000. Doyle Wealth Management purchased a new position in shares of Ryder System in the fourth quarter valued at approximately $44,000. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in shares of Ryder System by 36.4% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 963 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 257 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.
Several research firms have recently weighed in on R. Zacks Investment Research downgraded Ryder System from a “hold” rating to a “sell” rating in a research report on Thursday. TheStreet upgraded Ryder System from a “c+” rating to a “b-” rating in a research report on Thursday, February 21st. Finally, ValuEngine upgraded Ryder System from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 20th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $76.82.
Ryder System (NYSE:R) last announced its quarterly earnings data on Thursday, February 14th. The transportation company reported $1.82 EPS for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.01. Ryder System had a return on equity of 10.62% and a net margin of 3.25%. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the business posted $1.37 earnings per share. The firm’s revenue was up 16.9% compared to the same quarter last year. On average, research analysts predict that Ryder System, Inc. will post 6.18 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 19th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, February 15th. This represents a $2.16 dividend on an annualized basis and a yield of 3.54%. Ryder System’s payout ratio is 37.31%.
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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