Peregrine Capital Management LLC increased its holdings in shares of Ryder System, Inc. (NYSE:R) by 1.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 126,913 shares of the transportation company’s stock after acquiring an additional 1,816 shares during the period. Peregrine Capital Management LLC owned about 0.24% of Ryder System worth $4,761,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of R. FMR LLC lifted its stake in shares of Ryder System by 574.2% during the 1st quarter. FMR LLC now owns 583,279 shares of the transportation company’s stock worth $36,157,000 after acquiring an additional 496,769 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Ryder System during the 4th quarter worth approximately $313,000. Alliancebernstein L.P. raised its position in Ryder System by 3.0% during the 4th quarter. Alliancebernstein L.P. now owns 90,562 shares of the transportation company’s stock valued at $4,918,000 after purchasing an additional 2,640 shares in the last quarter. Geode Capital Management LLC raised its position in Ryder System by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 580,498 shares of the transportation company’s stock valued at $31,526,000 after purchasing an additional 7,066 shares in the last quarter. Finally, Norges Bank bought a new stake in Ryder System during the 4th quarter valued at $40,036,000. 86.29% of the stock is owned by hedge funds and other institutional investors.
R opened at $36.63 on Friday. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of -5.82 and a beta of 2.04. The company has a current ratio of 1.65, a quick ratio of 0.82 and a debt-to-equity ratio of 3.77. Ryder System, Inc. has a 12 month low of $22.62 and a 12 month high of $57.38. The stock has a fifty day moving average price of $38.85 and a 200-day moving average price of $37.32.
Ryder System (NYSE:R) last announced its earnings results on Wednesday, July 29th. The transportation company reported ($0.95) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.44) by $0.49. Ryder System had a positive return on equity of 0.29% and a negative net margin of 3.84%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the business earned $1.40 EPS. The firm’s revenue for the quarter was down 15.6% on a year-over-year basis. On average, equities research analysts forecast that Ryder System, Inc. will post -2.33 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 24th will be paid a dividend of $0.56 per share. The ex-dividend date is Friday, August 21st. This represents a $2.24 annualized dividend and a yield of 6.12%. Ryder System’s dividend payout ratio (DPR) is 45.16%.
A number of equities research analysts have weighed in on R shares. Robert W. Baird lifted their target price on Ryder System from $37.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. SunTrust Banks lifted their target price on Ryder System from $40.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, July 17th. TheStreet raised Ryder System from a “d+” rating to a “c-” rating in a research report on Wednesday. Finally, ValuEngine raised Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Ryder System presently has an average rating of “Hold” and a consensus price target of $48.71.
In other Ryder System news, Director Luis P. Nieto, Jr. sold 4,149 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $32.55, for a total transaction of $135,049.95. Following the sale, the director now owns 28,857 shares in the company, valued at approximately $939,295.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Karen M. Jones sold 1,413 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $34.80, for a total value of $49,172.40. Following the sale, the chief marketing officer now owns 6,246 shares in the company, valued at approximately $217,360.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,755 shares of company stock worth $259,223. 2.60% of the stock is owned by company insiders.
Ryder System Company Profile
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 fleet support services.
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