Russell Investments Group Ltd. Buys 85,701 Shares of Ryder System, Inc. (R)
Russell Investments Group Ltd. raised its stake in Ryder System, Inc. (NYSE:R) by 84.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 187,638 shares of the transportation company’s stock after buying an additional 85,701 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.35% of Ryder System worth $15,865,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. BlueMountain Capital Management LLC bought a new stake in Ryder System in the second quarter valued at $109,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in 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 during the last quarter. JFS Wealth Advisors LLC lifted its stake in 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 during the last quarter. Edmond DE Rothschild Holding S.A. lifted its stake in Ryder System by 94.7% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 2,550 shares of the transportation company’s stock valued at $183,000 after buying an additional 1,240 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in Ryder System in the second quarter valued at $202,000. Institutional investors own 90.24% of the company’s stock.
R has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Ryder System from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Tuesday, September 26th. Buckingham Research lifted their price objective on shares of Ryder System from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. ValuEngine cut shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. J P Morgan Chase & Co lifted their price objective on shares of Ryder System from $69.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Finally, BidaskClub upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $85.00.
In related 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John J. Gleason sold 8,760 shares of Ryder System stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $78.30, for a total value of $685,908.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,878 shares of company stock worth $3,711,073. 1.95% of the stock is owned by corporate insiders.
Ryder System, Inc. (R) traded up $1.37 during trading hours on Thursday, reaching $81.07. The company had a trading volume of 462,800 shares, compared to its average volume of 711,172. The firm has a market capitalization of $4,219.93, a price-to-earnings ratio of 18.89, a P/E/G ratio of 1.18 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. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 2.39.
Ryder System (NYSE:R) last released its earnings results on Tuesday, October 24th. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates 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 was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.67 earnings per share. equities analysts anticipate that Ryder System, Inc. will post 4.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors 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 2.27%. The ex-dividend date is Friday, November 17th. Ryder System’s payout ratio is currently 49.86%.
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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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