Beverly Hills Private Wealth LLC lifted its position in shares of Ryder System, Inc. (NYSE:R – Free Report) by 104.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,647 shares of the transportation company’s stock after purchasing an additional 5,941 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Ryder System were worth $1,178,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in Ryder System by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,642,842 shares of the transportation company’s stock worth $139,295,000 after purchasing an additional 116,446 shares during the last quarter. BNP Paribas Arbitrage SNC raised its holdings in Ryder System by 36.8% during the second quarter. BNP Paribas Arbitrage SNC now owns 7,772 shares of the transportation company’s stock worth $659,000 after purchasing an additional 2,092 shares in the last quarter. Leuthold Group LLC purchased a new stake in shares of Ryder System during the 2nd quarter worth approximately $1,898,000. Vise Technologies Inc. acquired a new position in shares of Ryder System in the 2nd quarter valued at $306,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Ryder System by 5.2% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 52,359 shares of the transportation company’s stock valued at $4,440,000 after buying an additional 2,584 shares during the last quarter. Institutional investors and hedge funds own 83.62% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently issued reports on R shares. Wolfe Research downgraded Ryder System from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, October 4th. JPMorgan Chase & Co. lifted their target price on shares of Ryder System from $113.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, October 11th. StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Wells Fargo & Company raised their price objective on shares of Ryder System from $80.00 to $100.00 in a research report on Thursday, July 27th. Finally, Robert W. Baird raised shares of Ryder System from a “neutral” rating to an “outperform” rating in a report on Monday, July 31st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Ryder System presently has an average rating of “Hold” and an average price target of $107.17.
In other Ryder System news, insider Thomas M. Havens sold 7,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $98.14, for a total transaction of $686,980.00. Following the completion of the sale, the insider now directly owns 20,114 shares in the company, valued at $1,973,987.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Robert D. Fatovic sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $100.58, for a total value of $1,005,800.00. Following the transaction, the executive vice president now owns 61,933 shares of the company’s stock, valued at approximately $6,229,221.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas M. Havens sold 7,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $98.14, for a total transaction of $686,980.00. Following the sale, the insider now directly owns 20,114 shares of the company’s stock, valued at $1,973,987.96. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.
Ryder System Stock Performance
Shares of NYSE R opened at $106.41 on Wednesday. The company has a 50-day simple moving average of $101.18 and a 200-day simple moving average of $92.99. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.53 and a quick ratio of 0.51. The company has a market cap of $4.72 billion, a PE ratio of 10.44 and a beta of 1.48. Ryder System, Inc. has a 12 month low of $76.15 and a 12 month high of $107.90.
Ryder System (NYSE:R – Get Free Report) last posted its quarterly earnings data on Wednesday, October 25th. The transportation company reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.20. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Ryder System had a return on equity of 21.80% and a net margin of 4.12%. The business’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.45 earnings per share. On average, equities analysts anticipate that Ryder System, Inc. will post 12.79 earnings per share for the current year.
Ryder System Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be issued a $0.71 dividend. The ex-dividend date is Friday, November 17th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.67%. Ryder System’s dividend payout ratio (DPR) is presently 27.87%.
Ryder System Company Profile
Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website.
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