Creative Planning Buys 264 Shares of Ryder System, Inc. (NYSE:R)
Creative Planning increased its position in Ryder System, Inc. (NYSE:R) by 10.0% during the second quarter, Holdings Channel reports. The firm owned 2,904 shares of the transportation company’s stock after buying an additional 264 shares during the period. Creative Planning’s holdings in Ryder System were worth $209,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of R. BlackRock Inc. boosted its stake in shares of Ryder System by 5,520.5% in the first quarter. BlackRock Inc. now owns 3,535,794 shares of the transportation company’s stock worth $266,741,000 after buying an additional 3,472,885 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Ryder System by 50.3% in the first quarter. Wells Fargo & Company MN now owns 2,325,451 shares of the transportation company’s stock worth $175,432,000 after buying an additional 777,840 shares during the period. 1060 Capital LLC bought a new stake in shares of Ryder System during the first quarter worth about $23,678,000. Vanguard Group Inc. boosted its stake in shares of Ryder System by 3.7% in the first quarter. Vanguard Group Inc. now owns 6,246,709 shares of the transportation company’s stock worth $471,252,000 after buying an additional 221,478 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Ryder System by 34.3% in the first quarter. AQR Capital Management LLC now owns 786,370 shares of the transportation company’s stock worth $59,323,000 after buying an additional 200,714 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ryder System, Inc. (NYSE:R) traded up 0.30% during trading on Tuesday, hitting $73.54. The stock had a trading volume of 99,969 shares. Ryder System, Inc. has a 12 month low of $62.03 and a 12 month high of $85.42. The stock has a 50 day moving average of $71.44 and a 200 day moving average of $72.31. The company has a market cap of $3.90 billion, a PE ratio of 17.71 and a beta of 1.39.
Ryder System (NYSE:R) last announced its quarterly earnings data on Wednesday, July 26th. The transportation company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.07. Ryder System had a return on equity of 11.71% and a net margin of 3.17%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the previous year, the business earned $1.56 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. Equities analysts forecast that Ryder System, Inc. will post $4.44 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 21st will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.51%. This is an increase from Ryder System’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, August 17th. Ryder System’s payout ratio is presently 42.21%.
A number of equities analysts have weighed in on R shares. Stephens lowered Ryder System from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $81.00 to $71.00 in a research note on Wednesday, April 26th. Zacks Investment Research lowered Ryder System from a “hold” rating to a “strong sell” rating in a research note on Friday, April 28th. BidaskClub upgraded Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. ValuEngine upgraded Ryder System from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Seaport Global Securities started coverage on Ryder System in a research note on Friday, April 21st. They issued a “neutral” rating on the stock. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $77.00.
In related news, insider Dennis C. Cooke sold 9,650 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $72.75, for a total value of $702,037.50. Following the sale, the insider now directly owns 2,883 shares in the company, valued at $209,738.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.95% of the stock is owned by insiders.
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 leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally 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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