Shell Asset Management Co. Holds Position in Ryder System, Inc. (R)
Shell Asset Management Co. continued to hold its stake in Ryder System, Inc. (NYSE:R) during the second quarter, Holdings Channel reports. The firm owned 5,924 shares of the transportation company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Ryder System were worth $426,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the stock. Teachers Advisors LLC raised its stake in Ryder System by 11.8% in the fourth quarter. Teachers Advisors LLC now owns 68,957 shares of the transportation company’s stock worth $5,133,000 after buying an additional 7,282 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in Ryder System by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 46,089 shares of the transportation company’s stock worth $3,477,000 after buying an additional 1,411 shares in the last quarter. Bank of Montreal Can raised its stake in Ryder System by 1.8% in the first quarter. Bank of Montreal Can now owns 164,197 shares of the transportation company’s stock worth $12,387,000 after buying an additional 2,930 shares in the last quarter. Boston Advisors LLC purchased a new stake in Ryder System during the first quarter worth about $224,000. Finally, Oakbrook Investments LLC raised its stake in Ryder System by 81.9% in the first quarter. Oakbrook Investments LLC now owns 5,110 shares of the transportation company’s stock worth $385,000 after buying an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 93.05% of the company’s stock.
Shares of Ryder System, Inc. (NYSE R) opened at 74.06 on Wednesday. The company has a market capitalization of $3.92 billion, a P/E ratio of 17.83 and a beta of 1.39. The firm has a 50-day moving average of $72.81 and a 200 day moving average of $72.10. Ryder System, Inc. has a 52-week low of $62.03 and a 52-week high of $85.42.
Ryder System (NYSE:R) last announced its earnings results on Wednesday, July 26th. The transportation company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.93 by $0.07. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.76 billion. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the company posted $1.56 EPS. On average, analysts anticipate that Ryder System, Inc. will post $4.44 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 21st will be paid a dividend of $0.46 per share. This is a boost from Ryder System’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Thursday, August 17th. Ryder System’s dividend payout ratio (DPR) is currently 42.21%.
COPYRIGHT VIOLATION WARNING: “Shell Asset Management Co. Holds Position in Ryder System, Inc. (R)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.watchlistnews.com/shell-asset-management-co-holds-position-in-ryder-system-inc-r/1492921.html.
R has been the topic of a number of research analyst reports. Seaport Global Securities initiated coverage on shares of Ryder System in a research report on Friday, April 21st. They set a “neutral” rating on the stock. Stephens downgraded shares of Ryder System from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $81.00 to $71.00 in a research report on Wednesday, April 26th. Zacks Investment Research downgraded shares of Ryder System from a “hold” rating to a “strong sell” rating in a research report on Friday, April 28th. ValuEngine raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, BidaskClub raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently 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 firm’s stock in a transaction that occurred on Monday, July 31st. The shares were 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 of the company’s stock, valued at approximately $209,738.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert E. Sanchez sold 26,275 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $72.43, for a total transaction 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 $7,767,175.91. The disclosure for this sale can be found here. 1.95% of the stock is owned by company insiders.
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.
Want to see what other hedge funds are holding R? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryder System, Inc. (NYSE:R).
Receive News & Ratings for Ryder System Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.