Commonwealth Bank of Australia increased its position in Ryder System, Inc. (NYSE:R) by 412.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,288 shares of the transportation company’s stock after acquiring an additional 46,100 shares during the period. Commonwealth Bank of Australia owned approximately 0.11% of Ryder System worth $4,112,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Adviser Investments LLC acquired a new position in Ryder System during the 1st quarter valued at about $109,000. Pinnacle Associates Ltd. acquired a new position in Ryder System during the 2nd quarter valued at about $233,000. Assetmark Inc. increased its stake in Ryder System by 27,850.0% during the 1st quarter. Assetmark Inc. now owns 3,354 shares of the transportation company’s stock valued at $244,000 after buying an additional 3,342 shares during the period. Verition Fund Management LLC acquired a new position in Ryder System during the 1st quarter valued at about $252,000. Finally, Alambic Investment Management L.P. increased its stake in Ryder System by 40.0% during the 1st quarter. Alambic Investment Management L.P. now owns 3,500 shares of the transportation company’s stock valued at $255,000 after buying an additional 1,000 shares during the period. 88.93% of the stock is currently owned by institutional investors and hedge funds.
In other Ryder System news, CFO Art A. Garcia sold 3,412 shares of the firm’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $76.82, for a total value of $262,109.84. Following the completion of the transaction, the chief financial officer now directly owns 16,201 shares in the company, valued at $1,244,560.82. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John J. Diez sold 6,520 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $79.44, for a total transaction of $517,948.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,865 shares of company stock valued at $4,502,858. Insiders own 2.27% of the company’s stock.
R has been the topic of several research analyst reports. Zacks Investment Research raised shares of Ryder System from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Tuesday, July 17th. KeyCorp lowered their target price on shares of Ryder System from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, June 22nd. Deutsche Bank initiated coverage on shares of Ryder System in a research note on Tuesday. They set a “buy” rating and a $88.00 target price on the stock. Mizuho reissued a “buy” rating and set a $90.00 target price on shares of Ryder System in a research note on Thursday, July 26th. Finally, ValuEngine cut shares of Ryder System from a “hold” rating to a “sell” rating in a research note on Wednesday, June 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Ryder System currently has an average rating of “Hold” and a consensus target price of $84.30.
NYSE:R opened at $77.31 on Friday. Ryder System, Inc. has a twelve month low of $65.65 and a twelve month high of $90.26. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.68 and a quick ratio of 0.64. The stock has a market cap of $4.08 billion, a PE ratio of 17.07 and a beta of 1.46.
Ryder System (NYSE:R) last posted its quarterly earnings data on Wednesday, July 25th. The transportation company reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.13. Ryder System had a net margin of 9.99% and a return on equity of 9.96%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm posted $1.00 EPS. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. equities research analysts expect that Ryder System, Inc. will post 5.77 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Friday, July 20th will be given a dividend of $0.54 per share. This is a positive change from Ryder System’s previous quarterly dividend of $0.52. The ex-dividend date is Thursday, July 19th. This represents a $2.16 annualized dividend and a dividend yield of 2.79%. Ryder System’s dividend payout ratio (DPR) is 47.68%.
About Ryder System
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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