Ryder System, Inc. (R) Position Boosted by Cipher Capital LP
Cipher Capital LP increased its holdings in Ryder System, Inc. (NYSE:R) by 182.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,545 shares of the transportation company’s stock after buying an additional 39,751 shares during the quarter. Cipher Capital LP owned about 0.12% of Ryder System worth $5,204,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. BlueMountain Capital Management LLC bought a new position in Ryder System in the 2nd quarter worth approximately $109,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in 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 period. JFS Wealth Advisors LLC lifted 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 worth $156,000 after purchasing an additional 24 shares during the period. Edmond DE Rothschild Holding S.A. lifted its position in Ryder System by 94.7% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 2,550 shares of the transportation company’s stock worth $183,000 after purchasing an additional 1,240 shares during the period. Finally, Clear Investment Research LLC acquired a new stake in Ryder System in the second quarter worth approximately $190,000. 88.85% of the stock is owned by institutional investors and hedge funds.
R has been the subject of a number of research analyst reports. Buckingham Research upped their target price on Ryder System from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. ValuEngine downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. BidaskClub downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. Zacks Investment Research upgraded Ryder System from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Tuesday, October 31st. Finally, Aegis reiterated a “buy” rating and set a $91.00 price objective (up previously from $84.00) on shares of Ryder System in a research report on Tuesday, October 10th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $85.00.
In other Ryder System news, insider John S. Sensing sold 4,502 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were 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 available through the SEC website. Also, insider Dennis C. Cooke sold 32,328 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $81.46, for a total transaction of $2,633,438.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,620 shares of company stock worth $3,353,856. Company insiders own 1.95% of the company’s stock.
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Shares of Ryder System, Inc. (NYSE:R) traded up $2.30 during trading hours on Friday, hitting $80.27. The stock had a trading volume of 921,600 shares, compared to its average volume of 717,979. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.02 and a quick ratio of 0.96. Ryder System, Inc. has a one year low of $62.52 and a one year high of $85.50. The firm has a market cap of $4,250.00, a P/E ratio of 18.47, a PEG ratio of 1.15 and a beta of 1.51.
Ryder System (NYSE:R) last announced its earnings results on Tuesday, October 24th. The transportation company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.04. Ryder System had a net margin of 2.75% and a return on equity of 10.72%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the business earned $1.67 EPS. The company’s revenue was up 7.2% on a year-over-year basis. research analysts expect that Ryder System, Inc. will post 4.5 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Friday, November 17th. Ryder System’s dividend payout ratio (DPR) is currently 49.60%.
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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