Ryder System, Inc. (R) Shares Bought by BlackRock Fund Advisors
BlackRock Fund Advisors increased its stake in Ryder System, Inc. (NYSE:R) by 12.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,289,057 shares of the company’s stock after buying an additional 138,241 shares during the period. BlackRock Fund Advisors’ holdings in Ryder System were worth $85,013,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. LSV Asset Management boosted its position in Ryder System by 313.4% in the third quarter. LSV Asset Management now owns 2,268,976 shares of the company’s stock valued at $149,638,000 after buying an additional 1,720,119 shares during the period. Strs Ohio acquired a new position in Ryder System during the third quarter valued at approximately $23,082,000. Westfield Capital Management Co. LP acquired a new position in Ryder System during the second quarter valued at approximately $21,089,000. Copeland Capital Management LLC acquired a new position in Ryder System during the third quarter valued at approximately $18,706,000. Finally, Wells Fargo & Company MN boosted its position in Ryder System by 17.7% in the third quarter. Wells Fargo & Company MN now owns 1,704,065 shares of the company’s stock valued at $112,384,000 after buying an additional 255,755 shares during the period. 91.46% of the stock is owned by institutional investors.
Ryder System, Inc. (NYSE:R) opened at 77.03 on Friday. Ryder System, Inc. has a one year low of $45.12 and a one year high of $85.42. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 14.19 and a beta of 1.27. The company has a 50-day moving average price of $78.11 and a 200-day moving average price of $69.76.
Ryder System (NYSE:R) last released its earnings results on Tuesday, October 25th. The company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.01. Ryder System had a return on equity of 15.76% and a net margin of 4.32%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the business earned $1.74 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts anticipate that Ryder System, Inc. will post $5.76 EPS for the current year.
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Several analysts have issued reports on the company. Zacks Investment Research upgraded Ryder System from a “sell” rating to a “hold” rating in a research note on Friday, September 23rd. began coverage on Ryder System in a research report on Friday, September 30th. They set a “buy” rating and a $80.00 price target on the stock. KeyCorp reiterated a “hold” rating on shares of Ryder System in a research report on Sunday, October 9th. Aegis began coverage on Ryder System in a research report on Monday, October 24th. They set a “buy” rating and a $77.00 price target on the stock. Finally, Stifel Nicolaus cut Ryder System from a “buy” rating to a “hold” rating and set a $75.00 price target on the stock. in a research report on Tuesday, November 15th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $73.20.
In other news, EVP Robert D. Fatovic sold 15,000 shares of Ryder System stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $76.14, for a total value of $1,142,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dennis C. Cooke sold 6,000 shares of Ryder System stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $79.27, for a total transaction of $475,620.00. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.
Ryder System Company Profile
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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