Moneta Group Investment Advisors LLC lifted its stake in Ryder System, Inc. (NYSE:R) by 1,195.3% in the second quarter, Holdings Channel.com reports. The firm owned 53,069 shares of the transportation company’s stock after acquiring an additional 48,972 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Ryder System were worth $239,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Retirement Systems of Alabama lifted its holdings in shares of Ryder System by 0.3% during the second quarter. Retirement Systems of Alabama now owns 69,328 shares of the transportation company’s stock valued at $4,042,000 after acquiring an additional 183 shares during the period. Nordea Investment Management AB raised its stake in shares of Ryder System by 3.8% during the 1st quarter. Nordea Investment Management AB now owns 67,335 shares of the transportation company’s stock worth $4,173,000 after purchasing an additional 2,434 shares in the last quarter. Rothschild & Co. Asset Management US Inc. raised its stake in shares of Ryder System by 3.8% during the 1st quarter. Rothschild & Co. Asset Management US Inc. now owns 309,203 shares of the transportation company’s stock worth $19,167,000 after purchasing an additional 11,386 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Ryder System during the 1st quarter worth approximately $510,000. Finally, Allstate Corp bought a new stake in shares of Ryder System during the 1st quarter worth approximately $207,000. 88.63% of the stock is owned by institutional investors and hedge funds.
Shares of R stock traded down $1.49 during trading on Thursday, reaching $53.24. 21,224 shares of the company’s stock were exchanged, compared to its average volume of 568,917. The company has a quick ratio of 0.56, a current ratio of 0.59 and a debt-to-equity ratio of 2.54. The stock has a market capitalization of $2.86 billion, a PE ratio of 9.21 and a beta of 1.83. Ryder System, Inc. has a twelve month low of $44.80 and a twelve month high of $79.95. The firm’s fifty day moving average price is $50.23 and its 200-day moving average price is $57.12.
Ryder System (NYSE:R) last posted its earnings results on Tuesday, July 30th. The transportation company reported $1.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.40. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.25 billion. Ryder System had a return on equity of 11.46% and a net margin of 3.60%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.42 EPS. As a group, analysts anticipate that Ryder System, Inc. will post 5.64 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 16th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, August 16th. This is a positive change from Ryder System’s previous quarterly dividend of $0.54. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.21%. Ryder System’s payout ratio is presently 38.69%.
In related news, Director Luis P. Nieto, Jr. sold 2,293 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $46.67, for a total transaction of $107,014.31. Following the transaction, the director now directly owns 23,757 shares of the company’s stock, valued at approximately $1,108,739.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by insiders.
R has been the topic of a number of analyst reports. ValuEngine cut Ryder System from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 31st. Loop Capital cut Ryder System from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $70.00 to $62.00 in a research note on Tuesday, July 2nd. SunTrust Banks dropped their price objective on Ryder System to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. KeyCorp dropped their price objective on Ryder System from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, July 18th. Finally, TheStreet cut Ryder System from a “b-” rating to a “c+” rating in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Ryder System currently has an average rating of “Buy” and a consensus target price of $71.57.
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.
See Also: What is a recession?
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.