Ryder System Inc. (R) Position Boosted by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. boosted its position in shares of Ryder System Inc. (NYSE:R) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,945 shares of the company’s stock after buying an additional 642 shares during the period. UBS Asset Management Americas Inc. owned 0.09% of Ryder System worth $2,808,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Commonwealth Equity Services Inc raised its position in Ryder System by 142.4% in the first quarter. Commonwealth Equity Services Inc now owns 14,370 shares of the company’s stock worth $931,000 after buying an additional 8,443 shares in the last quarter. Aperio Group LLC raised its position in Ryder System by 42.8% in the first quarter. Aperio Group LLC now owns 28,207 shares of the company’s stock worth $1,827,000 after buying an additional 8,459 shares in the last quarter. IFP Advisors Inc raised its position in Ryder System by 409.9% in the first quarter. IFP Advisors Inc now owns 4,069 shares of the company’s stock worth $264,000 after buying an additional 3,271 shares in the last quarter. Ngam Advisors L.P. raised its position in Ryder System by 38.8% in the first quarter. Ngam Advisors L.P. now owns 35,795 shares of the company’s stock worth $2,319,000 after buying an additional 10,008 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in Ryder System by 40.4% in the first quarter. Prudential Financial Inc. now owns 268,852 shares of the company’s stock worth $17,417,000 after buying an additional 77,300 shares in the last quarter. 90.95% of the stock is currently owned by institutional investors.
Shares of Ryder System Inc. (NYSE:R) traded down 0.61% on Thursday, hitting $66.51. The company’s stock had a trading volume of 152,288 shares. The stock’s 50-day moving average price is $65.37 and its 200-day moving average price is $65.80. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 12.01 and a beta of 1.63. Ryder System Inc. has a 52 week low of $45.12 and a 52 week high of $76.33.
Ryder System (NYSE:R) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.02. Ryder System had a return on equity of 16.21% and a net margin of 4.44%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the firm posted $1.65 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts expect that Ryder System Inc. will post $5.97 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Monday, August 22nd were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.63%. This is a positive change from Ryder System’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, August 18th. Ryder System’s dividend payout ratio is currently 31.71%.
Several brokerages have recently issued reports on R. Royal Bank Of Canada restated a “hold” rating on shares of Ryder System in a research note on Monday, June 13th. Zacks Investment Research upgraded shares of Ryder System from a “sell” rating to a “hold” rating in a research note on Friday, September 23rd. Robert W. Baird restated a “buy” rating on shares of Ryder System in a research note on Monday, June 13th. Finally, Credit Agricole SA began coverage on shares of Ryder System in a research note on Friday, September 30th. They issued a “buy” rating and a $80.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Ryder System currently has an average rating of “Buy” and a consensus target price of $81.38.
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.
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