First Quadrant L P CA Takes Position in Ryder System, Inc. (NYSE:R)

First Quadrant L P CA acquired a new stake in Ryder System, Inc. (NYSE:R) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 7,709 shares of the transportation company’s stock, valued at approximately $289,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pzena Investment Management LLC boosted its holdings in shares of Ryder System by 10.9% in the 1st quarter. Pzena Investment Management LLC now owns 3,619,637 shares of the transportation company’s stock valued at $95,703,000 after buying an additional 354,307 shares during the last quarter. Morgan Stanley lifted its holdings in Ryder System by 440.7% during the 1st quarter. Morgan Stanley now owns 2,049,894 shares of the transportation company’s stock valued at $54,198,000 after purchasing an additional 1,670,771 shares during the last quarter. Fiduciary Management Inc. WI lifted its holdings in Ryder System by 9.3% during the 1st quarter. Fiduciary Management Inc. WI now owns 1,625,732 shares of the transportation company’s stock valued at $42,984,000 after purchasing an additional 138,365 shares during the last quarter. Deprince Race & Zollo Inc. lifted its holdings in Ryder System by 35.7% during the 1st quarter. Deprince Race & Zollo Inc. now owns 1,496,714 shares of the transportation company’s stock valued at $39,573,000 after purchasing an additional 393,504 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Ryder System by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 915,062 shares of the transportation company’s stock valued at $24,194,000 after purchasing an additional 11,358 shares during the last quarter. 86.29% of the stock is owned by institutional investors.

In related news, Director Luis P. Nieto, Jr. sold 4,149 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $32.55, for a total value of $135,049.95. Following the transaction, the director now owns 28,857 shares in the company, valued at $939,295.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Karen M. Jones sold 1,413 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $34.80, for a total value of $49,172.40. Following the completion of the transaction, the chief marketing officer now owns 6,246 shares in the company, valued at approximately $217,360.80. The disclosure for this sale can be found here. Insiders sold 7,755 shares of company stock worth $259,223 in the last 90 days. 2.60% of the stock is owned by company insiders.

R stock opened at $36.63 on Friday. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.65 and a quick ratio of 0.82. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of -5.82 and a beta of 2.04. The business’s fifty day moving average price is $38.85 and its two-hundred day moving average price is $37.32. Ryder System, Inc. has a fifty-two week low of $22.62 and a fifty-two week high of $57.38.

Ryder System (NYSE:R) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported ($0.95) earnings per share for the quarter, topping the consensus estimate of ($1.44) by $0.49. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Ryder System had a positive return on equity of 0.29% and a negative net margin of 3.84%. The company’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.40 EPS. Research analysts expect that Ryder System, Inc. will post -2.33 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 24th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date of this dividend is Friday, August 21st. Ryder System’s payout ratio is currently 45.16%.

R has been the subject of several research reports. TheStreet raised Ryder System from a “d+” rating to a “c-” rating in a report on Wednesday. ValuEngine raised Ryder System from a “hold” rating to a “buy” rating in a report on Tuesday, July 28th. SunTrust Banks raised their price target on Ryder System from $40.00 to $48.00 and gave the company a “buy” rating in a report on Friday, July 17th. Finally, Robert W. Baird raised their price target on Ryder System from $37.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, July 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $48.71.

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.

Read More: Understanding Price to Earnings Ratio (PE)

Institutional Ownership by Quarter for Ryder System (NYSE:R)

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