Ryder System, Inc. (R) Shares Sold by BB&T Securities LLC
BB&T Securities LLC reduced its position in shares of Ryder System, Inc. (NYSE:R) by 12.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,920 shares of the transportation company’s stock after selling 1,608 shares during the period. BB&T Securities LLC’s holdings in Ryder System were worth $786,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Copeland Capital Management LLC boosted its position in shares of Ryder System by 11.8% in the first quarter. Copeland Capital Management LLC now owns 215,534 shares of the transportation company’s stock worth $16,566,000 after buying an additional 22,711 shares in the last quarter. Flinton Capital Management LLC boosted its position in shares of Ryder System by 71.6% in the first quarter. Flinton Capital Management LLC now owns 76,126 shares of the transportation company’s stock worth $5,743,000 after buying an additional 31,756 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Ryder System by 2.0% in the first quarter. First Trust Advisors LP now owns 309,319 shares of the transportation company’s stock worth $23,335,000 after buying an additional 6,053 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Ryder System by 1.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 56,870 shares of the transportation company’s stock worth $4,290,000 after buying an additional 1,027 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its position in shares of Ryder System by 62.5% in the first quarter. Eqis Capital Management Inc. now owns 9,901 shares of the transportation company’s stock worth $747,000 after buying an additional 3,809 shares in the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.
Shares of Ryder System, Inc. (NYSE R) opened at 78.54 on Thursday. Ryder System, Inc. has a 52 week low of $62.03 and a 52 week high of $85.42. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 18.91 and a beta of 1.39. The firm has a 50-day moving average price of $73.03 and a 200-day moving average price of $72.00.
Ryder System (NYSE:R) last released its earnings results on Wednesday, July 26th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.07. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.76 billion. Ryder System had a return on equity of 11.71% and a net margin of 3.17%. Ryder System’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.56 earnings per share. On average, equities analysts expect that Ryder System, Inc. will post $4.44 earnings per share for the current fiscal year.
The business 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. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.34%. This is an increase from Ryder System’s previous quarterly dividend of $0.44. Ryder System’s payout ratio is currently 44.12%.
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A number of brokerages have recently weighed in on R. Zacks Investment Research cut Ryder System from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub upgraded Ryder System from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 11th. Buckingham Research began coverage on Ryder System in a research report on Monday, August 21st. They issued a “buy” rating and a $85.00 price target for the company. Finally, ValuEngine upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Ryder System has a consensus rating of “Hold” and a consensus price target of $78.33.
In related 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 $7,767,175.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Sensing sold 4,502 shares of Ryder System stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $73.01, for a total value of $328,691.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,427 shares of company stock worth $2,933,827. 1.95% of the stock is owned by company insiders.
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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