Stevens Capital Management LP Takes $447,000 Position in Ryder System, Inc. (R)
Stevens Capital Management LP acquired a new stake in Ryder System, Inc. (NYSE:R) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,281 shares of the transportation company’s stock, valued at approximately $447,000.
Other institutional investors have also recently bought and sold shares of the company. Teachers Advisors LLC raised its holdings in Ryder System by 5.6% during the 1st quarter. Teachers Advisors LLC now owns 72,825 shares of the transportation company’s stock valued at $5,494,000 after acquiring an additional 3,868 shares during the period. Creative Planning raised its holdings in Ryder System by 10.0% during the 2nd quarter. Creative Planning now owns 2,904 shares of the transportation company’s stock valued at $209,000 after acquiring an additional 264 shares during the period. LS Investment Advisors LLC raised its holdings in Ryder System by 76.8% during the 2nd quarter. LS Investment Advisors LLC now owns 4,373 shares of the transportation company’s stock valued at $315,000 after acquiring an additional 1,900 shares during the period. Louisiana State Employees Retirement System increased its holdings in shares of Ryder System by 324.2% in the second quarter. Louisiana State Employees Retirement System now owns 14,000 shares of the transportation company’s stock worth $1,008,000 after purchasing an additional 10,700 shares during the period. Finally, Aperio Group LLC increased its holdings in shares of Ryder System by 9.9% in the second quarter. Aperio Group LLC now owns 60,405 shares of the transportation company’s stock worth $4,348,000 after purchasing an additional 5,465 shares during the period. Institutional investors and hedge funds own 88.85% of the company’s stock.
In other Ryder System news, CMO Karen M. Jones sold 4,790 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were 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 is available at this link. Also, EVP John J. Gleason sold 8,760 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $78.30, for a total transaction of $685,908.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,380 shares of company stock valued at $4,039,764. 1.95% of the stock is owned by insiders.
Shares of Ryder System, Inc. (NYSE:R) opened at $76.35 on Friday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.96 and a current ratio of 1.02. The firm has a market cap of $4,198.75, a PE ratio of 18.79, a PEG ratio of 1.17 and a beta of 1.51. Ryder System, Inc. has a 1-year low of $62.52 and a 1-year high of $85.50.
Ryder System (NYSE:R) last released 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. Ryder System had a net margin of 2.75% and a return on equity of 10.72%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the firm earned $1.67 earnings per share. Ryder System’s revenue was up 7.2% on a year-over-year basis. research analysts predict that Ryder System, Inc. will post 4.5 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 20th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Friday, November 17th. Ryder System’s payout ratio is currently 49.86%.
Several brokerages recently issued reports on R. ValuEngine upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. KeyCorp upgraded shares of Ryder System from a “sector weight” rating to an “overweight” rating in a research report on Wednesday, September 13th. Robert W. Baird reiterated an “outperform” rating and issued a $98.00 target price (up from $84.00) on shares of Ryder System in a research report on Monday, October 2nd. Finally, BidaskClub upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Ryder System presently has a consensus rating of “Buy” and a consensus price target of $85.00.
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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