Nationwide Fund Advisors Increases Position in Ryder System Inc. (R)
Nationwide Fund Advisors increased its position in shares of Ryder System Inc. (NYSE:R) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,652 shares of the company’s stock after buying an additional 305 shares during the period. Nationwide Fund Advisors’ holdings in Ryder System were worth $1,494,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of R. MSI Financial Services Inc increased its position in Ryder System by 6,270.4% in the second quarter. MSI Financial Services Inc now owns 30,960 shares of the company’s stock worth $1,893,000 after buying an additional 30,474 shares in the last quarter. Vanguard Group Inc. increased its position in Ryder System by 2.8% in the second quarter. Vanguard Group Inc. now owns 5,078,018 shares of the company’s stock worth $310,470,000 after buying an additional 139,673 shares in the last quarter. Wellington Management Group LLP acquired a new position in Ryder System during the first quarter worth $22,300,000. State Board of Administration of Florida Retirement System increased its position in Ryder System by 31.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 57,399 shares of the company’s stock worth $3,510,000 after buying an additional 13,574 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Ryder System during the second quarter worth $1,084,000. 91.65% of the stock is owned by institutional investors.
Ryder System Inc. (NYSE:R) traded down 2.87% on Monday, hitting $79.22. 785,698 shares of the stock traded hands. Ryder System Inc. has a 52 week low of $45.12 and a 52 week high of $81.61. The firm’s 50 day moving average is $71.39 and its 200 day moving average is $67.13. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 14.59 and a beta of 1.23.
Ryder System (NYSE:R) last announced its earnings results on Tuesday, October 25th. The company reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.01. Ryder System had a net margin of 4.32% and a return on equity of 15.76%. The business earned $1.72 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the prior year, the company posted $1.74 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Equities analysts anticipate that Ryder System Inc. will post $5.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Monday, November 21st will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, November 17th. Ryder System’s payout ratio is 32.35%.
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A number of research firms have recently weighed in on R. Stifel Nicolaus downgraded shares of Ryder System from a “buy” rating to a “hold” rating and set a $75.00 price target on the stock. in a report on Tuesday, November 15th. They noted that the move was a valuation call. Aegis began coverage on shares of Ryder System in a report on Monday, October 24th. They issued a “buy” rating and a $77.00 target price on the stock. KeyCorp reiterated a “hold” rating on shares of Ryder System in a report on Sunday, October 9th. began coverage on shares of Ryder System in a report on Friday, September 30th. They issued a “buy” rating and a $80.00 target price on the stock. Finally, Zacks Investment Research downgraded shares of Ryder System from a “hold” rating to a “sell” rating in a report on Thursday, September 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $72.67.
In related news, EVP Robert D. Fatovic sold 15,000 shares of the stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $76.14, for a total transaction of $1,142,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Karen M. Jones sold 1,000 shares of the stock in a transaction on Friday, October 28th. The stock was sold at an average price of $69.02, for a total transaction of $69,020.00. Following the transaction, the executive vice president now owns 4,086 shares of the company’s stock, valued at approximately $282,015.72. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.
Ryder System Company 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 full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to customers 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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