Fiduciary Management Inc. WI Has $87.24 Million Stake in Ryder System, Inc. (R)
Fiduciary Management Inc. WI increased its stake in shares of Ryder System, Inc. (NYSE:R) by 13.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,211,960 shares of the transportation company’s stock after acquiring an additional 145,219 shares during the period. Fiduciary Management Inc. WI owned 2.29% of Ryder System worth $87,237,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of R. BlueMountain Capital Management LLC acquired a new stake in Ryder System in the 2nd quarter valued at approximately $109,000. Private Advisor Group LLC acquired a new stake in Ryder System in the 1st quarter valued at approximately $116,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Ryder System by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock valued at $141,000 after buying an additional 156 shares during the last quarter. JFS Wealth Advisors LLC grew its holdings in Ryder System by 1.1% in the 2nd 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 during the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in Ryder System by 94.7% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,550 shares of the transportation company’s stock valued at $183,000 after buying an additional 1,240 shares during the last quarter. 89.54% of the stock is currently owned by institutional investors and hedge funds.
Ryder System, Inc. (NYSE:R) traded down 0.04% during trading on Friday, hitting $79.46. The company had a trading volume of 581,357 shares. Ryder System, Inc. has a one year low of $62.03 and a one year high of $85.42. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 19.13 and a beta of 1.37. The stock has a 50-day moving average of $75.01 and a 200 day moving average of $72.21.
Ryder System (NYSE:R) last posted its earnings results on Wednesday, July 26th. The transportation company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.93 by $0.07. The company 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%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.56 earnings per share. Equities analysts forecast that Ryder System, Inc. will post $4.45 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Monday, August 21st were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $1.84 dividend on an annualized basis and a yield of 2.32%. This is an increase from Ryder System’s previous quarterly dividend of $0.44. Ryder System’s dividend payout ratio is currently 44.12%.
In related news, insider John S. Sensing sold 4,502 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $73.01, for a total transaction of $328,691.02. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Dennis C. Cooke sold 9,650 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $72.75, for a total value of $702,037.50. Following the sale, the insider now directly owns 2,883 shares in the company, valued at approximately $209,738.25. The disclosure for this sale can be found here. Insiders have sold 40,427 shares of company stock worth $2,933,827 in the last three months. 1.95% of the stock is currently owned by company insiders.
A number of analysts have issued reports on R shares. BidaskClub raised Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. ValuEngine raised Ryder System from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised Ryder System from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Friday, July 7th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $68.00 target price on shares of Ryder System in a report on Tuesday, September 5th. Finally, KeyCorp raised Ryder System from a “sector weight” rating to an “overweight” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $77.17.
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Ryder System 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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