Vanguard Group Inc. Sells 1,128,409 Shares of Ryder System, Inc. (R)
Vanguard Group Inc. lessened its position in shares of Ryder System, Inc. (NYSE:R) by 18.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,118,300 shares of the transportation company’s stock after selling 1,128,409 shares during the quarter. Vanguard Group Inc. owned approximately 9.66% of Ryder System worth $368,415,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in R. JFS Wealth Advisors LLC boosted its stake in Ryder System by 1.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock valued at $156,000 after buying an additional 24 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Ryder System by 1.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,270 shares of the transportation company’s stock valued at $307,000 after buying an additional 71 shares in the last quarter. Mason Street Advisors LLC boosted its stake in Ryder System by 1.0% in the 1st quarter. Mason Street Advisors LLC now owns 7,389 shares of the transportation company’s stock valued at $557,000 after buying an additional 75 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in Ryder System by 0.7% in the 1st quarter. Thrivent Financial For Lutherans now owns 18,750 shares of the transportation company’s stock valued at $1,415,000 after buying an additional 130 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Ryder System by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock valued at $141,000 after buying an additional 156 shares in the last quarter. 89.54% of the stock is currently owned by institutional investors.
In related news, CEO Robert E. Sanchez sold 26,275 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 107,237 shares of the company’s stock, valued at approximately $7,767,175.91. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John S. Sensing sold 4,502 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $73.01, for a total value of $328,691.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,427 shares of company stock worth $2,933,827. 1.95% of the stock is currently owned by company insiders.
Several brokerages have issued reports on R. ValuEngine downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Robert W. Baird reiterated an “outperform” rating and issued a $98.00 price objective (up previously from $84.00) on shares of Ryder System in a research report on Monday, October 2nd. Zacks Investment Research upgraded Ryder System from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Tuesday, September 26th. KeyCorp upgraded Ryder System from a “sector weight” rating to an “overweight” rating in a research report on Wednesday, September 13th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $68.00 price objective on shares of Ryder System in a research report on Tuesday, September 5th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $81.83.
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Shares of Ryder System, Inc. (R) opened at 83.37 on Friday. The company has a market cap of $4.42 billion, a P/E ratio of 20.07 and a beta of 1.41. Ryder System, Inc. has a 52-week low of $62.03 and a 52-week high of $85.50. The stock’s 50 day moving average price is $79.40 and its 200-day moving average price is $72.96. Ryder System also saw some unusual options trading on Wednesday. Stock traders acquired 8,661 put options on the stock. This is an increase of approximately 1,716% compared to the typical daily volume of 477 put options.
Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, July 26th. The transportation company reported $1.00 earnings per share 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 company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the business posted $1.56 EPS. Ryder System’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities analysts expect that Ryder System, Inc. will post $4.45 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 20th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.21%. Ryder System’s dividend payout ratio (DPR) is 44.12%.
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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