Ryder System, Inc. (R) Stake Boosted by Deprince Race & Zollo Inc.
Deprince Race & Zollo Inc. raised its stake in Ryder System, Inc. (NYSE:R) by 23.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 698,641 shares of the transportation company’s stock after buying an additional 132,044 shares during the period. Ryder System makes up 1.0% of Deprince Race & Zollo Inc.’s holdings, making the stock its 16th largest position. Deprince Race & Zollo Inc. owned about 1.32% of Ryder System worth $50,288,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in R. JFS Wealth Advisors LLC boosted its position 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 in the last quarter. LS Investment Advisors LLC boosted its position in Ryder System by 28.8% in the first quarter. LS Investment Advisors LLC now owns 2,473 shares of the transportation company’s stock valued at $187,000 after buying an additional 553 shares in the last quarter. Clear Investment Research LLC purchased a new position in Ryder System during the second quarter valued at $190,000. Trexquant Investment LP purchased a new position in Ryder System during the second quarter valued at $202,000. Finally, Creative Planning boosted its position in Ryder System by 10.0% in the second quarter. Creative Planning now owns 2,904 shares of the transportation company’s stock valued at $209,000 after buying an additional 264 shares in the last quarter. Institutional investors own 93.05% of the company’s stock.
Ryder System, Inc. (R) opened at 73.79 on Thursday. Ryder System, Inc. has a 12 month low of $62.03 and a 12 month high of $85.42. The firm has a market capitalization of $3.91 billion, a PE ratio of 17.77 and a beta of 1.39. The company’s 50-day moving average price is $72.93 and its 200 day moving average price is $72.11.
Ryder System (NYSE:R) last issued its earnings results on Wednesday, July 26th. The transportation company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.07. Ryder System had a return on equity of 11.71% and a net margin of 3.17%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the company posted $1.56 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts predict that Ryder System, Inc. will post $4.44 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, August 21st will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.49%. This is a positive change from Ryder System’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, August 17th. Ryder System’s payout ratio is presently 42.21%.
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Several research firms have recently weighed in on R. Seaport Global Securities began coverage on Ryder System in a research report on Friday, April 21st. They set a “neutral” rating for the company. BidaskClub raised Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research cut Ryder System from a “hold” rating to a “strong sell” rating in a research report on Friday, April 28th. ValuEngine raised Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Stephens cut Ryder System from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $81.00 to $71.00 in a research report on Wednesday, April 26th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Ryder System has a consensus rating of “Hold” and a consensus target price of $77.00.
In other Ryder System news, CEO Robert E. Sanchez sold 26,275 shares of Ryder System stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $72.43, for a total transaction of $1,903,098.25. Following the completion of the transaction, the chief executive officer now owns 107,237 shares in the company, valued at approximately $7,767,175.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dennis C. Cooke sold 9,650 shares of Ryder System stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.75, for a total value of $702,037.50. Following the transaction, the insider now owns 2,883 shares of the company’s stock, valued at approximately $209,738.25. The disclosure for this sale can be found here. Insiders own 1.95% 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 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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