Laurion Capital Management LP Takes Position in Ryder System, Inc. (R)
Laurion Capital Management LP acquired a new stake in Ryder System, Inc. (NYSE:R) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,600 shares of the transportation company’s stock, valued at approximately $907,000.
Other large investors have also made changes to their positions in the company. JFS Wealth Advisors LLC grew its position in Ryder System by 1.1% during the second quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock valued at $156,000 after acquiring an additional 24 shares during the period. Teacher Retirement System of Texas grew its position in Ryder System by 1.7% during the second quarter. Teacher Retirement System of Texas now owns 4,270 shares of the transportation company’s stock valued at $307,000 after acquiring an additional 71 shares during the period. Mason Street Advisors LLC grew its position in Ryder System by 1.0% during the first quarter. Mason Street Advisors LLC now owns 7,389 shares of the transportation company’s stock valued at $557,000 after acquiring an additional 75 shares during the period. Thrivent Financial For Lutherans grew its position in Ryder System by 0.7% during the first quarter. Thrivent Financial For Lutherans now owns 18,750 shares of the transportation company’s stock valued at $1,415,000 after acquiring an additional 130 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Ryder System by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock valued at $141,000 after acquiring an additional 156 shares during the period. 89.54% of the stock is owned by institutional investors and hedge funds.
Ryder System, Inc. (NYSE R) opened at 82.57 on Monday. Ryder System, Inc. has a 1-year low of $62.03 and a 1-year high of $85.42. The company has a 50 day moving average price of $75.41 and a 200 day moving average price of $72.19. The firm has a market cap of $4.37 billion, a PE ratio of 19.88 and a beta of 1.37.
Ryder System (NYSE:R) last posted its earnings results on Wednesday, July 26th. The transportation company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.07. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.76 billion. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.56 earnings per share. On average, equities research analysts forecast that Ryder System, Inc. will post $4.45 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Monday, August 21st were given a $0.46 dividend. This is an increase from Ryder System’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Thursday, August 17th. Ryder System’s dividend payout ratio (DPR) is currently 44.12%.
Several equities research analysts have recently weighed in on the company. KeyCorp raised Ryder System from a “sector weight” rating to an “overweight” rating in a research report on Wednesday, September 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $68.00 target price on shares of Ryder System in a research report on Tuesday, September 5th. ValuEngine raised Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Buckingham Research assumed coverage on Ryder System in a research report on Monday, August 21st. They issued a “buy” rating and a $85.00 target price for the company. Finally, BidaskClub raised Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $77.17.
In other news, insider Dennis C. Cooke sold 9,650 shares of the firm’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 of the company’s stock, valued at $209,738.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John S. Sensing sold 4,502 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $73.01, for a total value of $328,691.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,427 shares of company stock worth $2,933,827. 1.95% of the stock is currently owned by company insiders.
Ryder System 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 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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