Swiss National Bank Has $6,366,000 Holdings in Ryder System, Inc. (R)
Swiss National Bank continued to hold its position in Ryder System, Inc. (NYSE:R) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,438 shares of the transportation company’s stock at the end of the second quarter. Swiss National Bank owned about 0.17% of Ryder System worth $6,366,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC bought a new position in shares of Ryder System in the first quarter worth about $116,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Ryder System by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock worth $141,000 after purchasing an additional 156 shares during the last quarter. JFS Wealth Advisors LLC grew its holdings in shares of Ryder System by 1.1% in the second quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock worth $156,000 after purchasing an additional 24 shares during the last quarter. LS Investment Advisors LLC grew its holdings in shares of Ryder System by 28.8% in the first quarter. LS Investment Advisors LLC now owns 2,473 shares of the transportation company’s stock worth $187,000 after purchasing an additional 553 shares during the last quarter. Finally, Clear Investment Research LLC bought a new position in shares of Ryder System in the second quarter worth about $190,000. Institutional investors and hedge funds own 89.54% of the company’s stock.
A number of research analysts have recently commented on R shares. BidaskClub upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. ValuEngine upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Ryder System from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Friday, July 7th. Stifel Nicolaus restated a “hold” rating and issued a $68.00 price target on shares of Ryder System in a report on Tuesday, September 5th. Finally, KeyCorp upgraded shares of Ryder System from a “sector weight” rating to an “overweight” rating in a report on Wednesday, September 13th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $77.17.
In other Ryder System news, insider John S. Sensing sold 4,502 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $73.01, for a total value of $328,691.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dennis C. Cooke sold 9,650 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $72.75, for a total value of $702,037.50. Following the completion of the sale, 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. In the last quarter, insiders sold 40,427 shares of company stock valued at $2,933,827. 1.95% of the stock is owned by company insiders.
Ryder System, Inc. (R) opened at 79.46 on Monday. Ryder System, Inc. has a 12 month low of $62.03 and a 12 month high of $85.42. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 19.13 and a beta of 1.37. The company 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 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.07. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations 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 was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.56 earnings per share. On average, equities analysts predict that Ryder System, Inc. will post $4.45 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Monday, August 21st were paid a $0.46 dividend. The ex-dividend date was Thursday, August 17th. This represents a $1.84 dividend on an annualized basis and a yield of 2.32%. This is a boost from Ryder System’s previous quarterly dividend of $0.44. Ryder System’s payout ratio is currently 44.12%.
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About Ryder System
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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