Ryder System, Inc. (R) Shares Bought by Cambridge Investment Research Advisors Inc.
Cambridge Investment Research Advisors Inc. grew its stake in Ryder System, Inc. (NYSE:R) by 15.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,031 shares of the transportation company’s stock after buying an additional 932 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Ryder System were worth $594,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of R. Teachers Advisors LLC boosted its holdings in shares of Ryder System by 5.6% in the 1st quarter. Teachers Advisors LLC now owns 72,825 shares of the transportation company’s stock valued at $5,494,000 after buying an additional 3,868 shares in the last quarter. Creative Planning boosted its holdings in shares of Ryder System by 10.0% in the 2nd quarter. Creative Planning now owns 2,904 shares of the transportation company’s stock valued at $209,000 after buying an additional 264 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in shares of Ryder System by 76.8% in the 2nd quarter. LS Investment Advisors LLC now owns 4,373 shares of the transportation company’s stock valued at $315,000 after buying an additional 1,900 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Ryder System by 324.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 14,000 shares of the transportation company’s stock valued at $1,008,000 after buying an additional 10,700 shares in the last quarter. Finally, Aperio Group LLC raised its position in Ryder System by 9.9% in the 2nd quarter. Aperio Group LLC now owns 60,405 shares of the transportation company’s stock valued at $4,348,000 after purchasing an additional 5,465 shares during the last quarter. Institutional investors and hedge funds own 89.15% of the company’s stock.
Shares of Ryder System, Inc. (NYSE:R) traded down $0.23 during trading on Friday, reaching $77.30. 190,467 shares of the company’s stock were exchanged, compared to its average volume of 612,751. The stock has a market cap of $4,092.88, a P/E ratio of 18.32, a P/E/G ratio of 1.14 and a beta of 1.51. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.96 and a current ratio of 1.02. Ryder System, Inc. has a 52 week low of $62.52 and a 52 week high of $85.50.
Ryder System (NYSE:R) last announced its quarterly earnings data on Tuesday, October 24th. The transportation company reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.04. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.80 billion. Ryder System had a net margin of 2.75% and a return on equity of 10.72%. Ryder System’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.67 EPS. equities analysts anticipate that Ryder System, Inc. will post 4.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 dividend on an annualized basis and a yield of 2.38%. Ryder System’s payout ratio is currently 49.86%.
Several analysts recently commented on the stock. ValuEngine upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. KeyCorp upgraded shares of Ryder System from a “sector weight” rating to an “overweight” rating in a research report on Wednesday, September 13th. Robert W. Baird reiterated an “outperform” rating and issued a $98.00 price target (up previously from $84.00) on shares of Ryder System in a research report on Monday, October 2nd. Finally, BidaskClub upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $85.00.
In other Ryder System news, insider Dennis C. Cooke sold 32,328 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $81.46, for a total transaction of $2,633,438.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Karen M. Jones sold 4,790 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $81.78, for a total transaction of $391,726.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,878 shares of company stock valued at $3,711,073. 1.95% of the stock is owned by insiders.
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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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