Prudential Financial Inc. Lowers Position in Ryder System Inc. (R)
Prudential Financial Inc. lowered its stake in shares of Ryder System Inc. (NYSE:R) by 2.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 262,155 shares of the company’s stock after selling 6,697 shares during the period. Prudential Financial Inc. owned 0.49% of Ryder System worth $16,028,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. BlackRock Japan Co. Ltd raised its stake in shares of Ryder System by 1.4% in the first quarter. BlackRock Japan Co. Ltd now owns 2,735 shares of the company’s stock worth $177,000 after buying an additional 39 shares during the period. Advance Capital I Inc. purchased a new stake in shares of Ryder System during the second quarter worth about $202,000. Sentry Investment Management LLC purchased a new stake in shares of Ryder System during the first quarter worth about $203,000. Societe Generale purchased a new stake in shares of Ryder System during the second quarter worth about $215,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Ryder System during the second quarter worth about $215,000. Institutional investors own 90.95% of the company’s stock.
Shares of Ryder System Inc. (NYSE:R) traded up 1.92% on Friday, reaching $65.68. 198,694 shares of the company were exchanged. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 11.86 and a beta of 1.73. Ryder System Inc. has a 52 week low of $45.12 and a 52 week high of $76.33. The company’s 50-day moving average is $65.28 and its 200-day moving average is $65.67.
Ryder System (NYSE:R) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.02. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.70 billion. Ryder System had a net margin of 4.44% and a return on equity of 16.21%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.65 EPS. On average, equities analysts expect that Ryder System Inc. will post $5.97 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Monday, August 22nd were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.73%. This is a boost from Ryder System’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, August 18th. Ryder System’s dividend payout ratio is presently 31.71%.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Ryder System from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Royal Bank Of Canada reissued a “hold” rating on shares of Ryder System in a report on Monday, June 13th. Credit Agricole SA assumed coverage on shares of Ryder System in a report on Friday. They issued a “buy” rating on the stock. Finally, Robert W. Baird reissued a “buy” rating on shares of Ryder System in a report on Monday, June 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Ryder System currently has an average rating of “Buy” and an average target price of $81.57.
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 full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to customers 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.
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 MarketBeat.com's FREE daily email newsletter.