Ryder System, Inc. (R) Holdings Cut by Comerica Bank
Comerica Bank decreased its holdings in shares of Ryder System, Inc. (NYSE:R) by 7.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 324,505 shares of the transportation company’s stock after selling 27,580 shares during the quarter. Comerica Bank owned about 0.61% of Ryder System worth $26,655,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. JFS Wealth Advisors LLC grew its stake in shares of Ryder System by 1.1% in the second quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock valued at $156,000 after buying an additional 24 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Ryder System by 1.7% in the second quarter. Teacher Retirement System of Texas now owns 4,270 shares of the transportation company’s stock valued at $307,000 after buying an additional 71 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Ryder System by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock valued at $141,000 after buying an additional 156 shares in the last quarter. Creative Planning grew its stake in shares of Ryder System by 10.0% in the second quarter. Creative Planning now owns 2,904 shares of the transportation company’s stock valued at $209,000 after buying an additional 264 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Ryder System by 4.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,099 shares of the transportation company’s stock valued at $439,000 after buying an additional 282 shares in the last quarter. 88.85% of the stock is owned by institutional investors.
A number of brokerages have recently weighed in on R. ValuEngine raised Ryder System from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research cut Ryder System from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. KeyCorp raised Ryder System from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, September 13th. Robert W. Baird reissued an “outperform” rating and set a $98.00 target price (up from $84.00) on shares of Ryder System in a research note on Monday, October 2nd. Finally, BidaskClub raised Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Ryder System has an average rating of “Buy” and an average target price of $85.00.
In other Ryder System news, CMO Karen M. Jones sold 4,790 shares of Ryder System stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $81.78, for a total transaction of $391,726.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dennis C. Cooke sold 32,328 shares of Ryder System stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $81.46, for a total value of $2,633,438.88. The disclosure for this sale can be found here. Insiders have sold a total of 41,620 shares of company stock valued at $3,353,856 over the last ninety days. 1.95% of the stock is owned by company insiders.
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Ryder System, Inc. (NYSE:R) traded up $0.43 on Tuesday, reaching $79.35. The company had a trading volume of 603,000 shares, compared to its average volume of 719,493. The firm has a market cap of $4,178.63, a PE ratio of 18.70, a price-to-earnings-growth ratio of 1.17 and a beta of 1.51. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.02 and a quick ratio of 0.96. Ryder System, Inc. has a 1 year low of $62.52 and a 1 year high of $85.50.
Ryder System (NYSE:R) last announced its quarterly earnings results on Tuesday, October 24th. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.04. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.80 billion. Ryder System had a return on equity of 10.72% and a net margin of 2.75%. Ryder System’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.67 EPS. equities research analysts anticipate that Ryder System, Inc. will post 4.5 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Friday, November 17th. Ryder System’s dividend payout ratio (DPR) is 49.86%.
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 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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