Ryder System, Inc. (R) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Ryder System, Inc. (NYSE:R) by 8.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,953 shares of the transportation company’s stock after acquiring an additional 156 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ryder System were worth $141,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in R. BlackRock Inc. lifted its position in shares of Ryder System by 5,520.5% in the first quarter. BlackRock Inc. now owns 3,535,794 shares of the transportation company’s stock valued at $266,741,000 after acquiring an additional 3,472,885 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Ryder System by 3.7% in the first quarter. Vanguard Group Inc. now owns 6,246,709 shares of the transportation company’s stock valued at $471,252,000 after acquiring an additional 221,478 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Ryder System by 34.3% in the first quarter. AQR Capital Management LLC now owns 786,370 shares of the transportation company’s stock valued at $59,323,000 after acquiring an additional 200,714 shares in the last quarter. Weiss Multi Strategy Advisers LLC purchased a new position in shares of Ryder System in the first quarter valued at about $13,061,000. Finally, Deprince Race & Zollo Inc. lifted its position in shares of Ryder System by 23.3% in the second quarter. Deprince Race & Zollo Inc. now owns 698,641 shares of the transportation company’s stock valued at $50,288,000 after acquiring an additional 132,044 shares in the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.
In other Ryder System news, CEO Robert E. Sanchez sold 26,275 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $72.43, for a total value of $1,903,098.25. Following the transaction, the chief executive officer now directly owns 107,237 shares of the company’s stock, valued at approximately $7,767,175.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dennis C. Cooke sold 9,650 shares of the firm’s 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 completion of the transaction, the insider now directly owns 2,883 shares in the company, valued at $209,738.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,427 shares of company stock worth $2,933,827. 1.95% of the stock is currently owned by insiders.
Shares of Ryder System, Inc. (NYSE R) opened at 81.07 on Thursday. Ryder System, Inc. has a 52-week low of $62.03 and a 52-week high of $85.42. The company has a 50 day moving average price of $75.41 and a 200-day moving average price of $72.19. The stock has a market capitalization of $4.30 billion, a P/E ratio of 19.52 and a beta of 1.37.
Ryder System (NYSE:R) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the firm posted $1.56 EPS. Ryder System’s revenue was up 5.3% compared to the same quarter last year. On average, analysts predict that Ryder System, Inc. will post $4.45 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Monday, August 21st were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.27%. This is a boost from Ryder System’s previous quarterly dividend of $0.44. The ex-dividend date was Thursday, August 17th. Ryder System’s payout ratio is presently 44.12%.
A number of equities research analysts recently commented on R shares. BidaskClub downgraded Ryder System from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded Ryder System from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Friday, July 7th. ValuEngine upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Buckingham Research started coverage on Ryder System in a research report on Monday, August 21st. They issued a “buy” rating and a $85.00 target price on the stock. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $68.00 target price on shares of Ryder System in a research report on Tuesday, September 5th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $77.17.
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Ryder System Company 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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