First Trust Advisors LP lifted its position in shares of Ryder System, Inc. (NYSE:R) by 34.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 227,399 shares of the transportation company’s stock after purchasing an additional 58,603 shares during the period. First Trust Advisors LP’s holdings in Ryder System were worth $12,350,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Ryder System by 10.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,189 shares of the transportation company’s stock worth $165,000 after buying an additional 300 shares during the last quarter. Cetera Advisors LLC purchased a new stake in Ryder System during the third quarter worth about $224,000. First Allied Advisory Services Inc. increased its holdings in Ryder System by 7.2% during the third quarter. First Allied Advisory Services Inc. now owns 4,774 shares of the transportation company’s stock worth $247,000 after buying an additional 319 shares during the last quarter. Dupont Capital Management Corp increased its holdings in Ryder System by 41.3% during the third quarter. Dupont Capital Management Corp now owns 5,015 shares of the transportation company’s stock worth $260,000 after buying an additional 1,466 shares during the last quarter. Finally, World Asset Management Inc increased its holdings in Ryder System by 11.2% during the third quarter. World Asset Management Inc now owns 5,222 shares of the transportation company’s stock worth $270,000 after buying an additional 526 shares during the last quarter. 89.46% of the stock is currently owned by institutional investors.
A number of research firms recently issued reports on R. SunTrust Banks decreased their price objective on shares of Ryder System from $65.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. They noted that the move was a valuation call. ValuEngine downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a report on Saturday. Stephens decreased their price objective on shares of Ryder System from $50.00 to $47.00 and set an “equal weight” rating for the company in a report on Friday. JPMorgan Chase & Co. restated an “underweight” rating and set a $42.00 price objective (down previously from $49.00) on shares of Ryder System in a report on Friday. Finally, Loop Capital upgraded shares of Ryder System from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $56.43.
R opened at $40.12 on Friday. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 15.43 and a beta of 1.84. The company has a quick ratio of 0.59, a current ratio of 0.62 and a debt-to-equity ratio of 2.75. The firm has a 50-day moving average price of $51.96 and a 200-day moving average price of $51.40. Ryder System, Inc. has a twelve month low of $39.50 and a twelve month high of $67.65.
Ryder System (NYSE:R) last posted its earnings results on Thursday, February 13th. The transportation company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04). The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Ryder System had a return on equity of 11.65% and a net margin of 1.55%. Ryder System’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.82 EPS. On average, sell-side analysts expect that Ryder System, Inc. will post 5.01 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, February 18th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.24 annualized dividend and a dividend yield of 5.58%. Ryder System’s payout ratio is 38.69%.
Ryder System declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that permits the company to buyback 1,500,000 shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
Ryder System Profile
Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.
Want to see what other hedge funds are holding R? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryder System, Inc. (NYSE:R).
Receive News & Ratings for Ryder System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System and related companies with MarketBeat.com's FREE daily email newsletter.