DekaBank Deutsche Girozentrale Has $299,000 Stake in Ryder (R)
DekaBank Deutsche Girozentrale decreased its position in Ryder (NYSE:R) by 19.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,200 shares of the transportation company’s stock after selling 1,000 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Ryder were worth $299,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of R. Comerica Bank grew its holdings in Ryder by 3.9% during the 1st quarter. Comerica Bank now owns 336,454 shares of the transportation company’s stock worth $25,230,000 after acquiring an additional 12,702 shares during the last quarter. New England Professional Planning Group Inc. bought a new stake in Ryder during the 1st quarter worth about $531,000. Cambridge Investment Research Advisors Inc. grew its holdings in Ryder by 12.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,929 shares of the transportation company’s stock worth $667,000 after acquiring an additional 898 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in Ryder during the 4th quarter worth about $331,000. Finally, MetLife Investment Advisors LLC bought a new stake in Ryder during the 4th quarter worth about $2,820,000. 90.95% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have commented on R shares. JPMorgan Chase lowered shares of Ryder from a “neutral” rating to an “underweight” rating in a report on Thursday, April 5th. Zacks Investment Research lowered shares of Ryder from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Buckingham Research reissued a “buy” rating and set a $90.00 price objective (down previously from $101.00) on shares of Ryder in a report on Tuesday, February 20th. Goldman Sachs started coverage on shares of Ryder in a report on Tuesday, April 10th. They set a “neutral” rating and a $73.00 price objective on the stock. Finally, KeyCorp reissued an “overweight” rating and set a $95.00 price objective (down previously from $100.00) on shares of Ryder in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $84.75.
Ryder (NYSE:R) last released its earnings results on Tuesday, April 24th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Ryder had a net margin of 10.50% and a return on equity of 9.82%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the company posted $0.82 EPS. The company’s revenue was up 9.6% compared to the same quarter last year. analysts forecast that Ryder will post 5.61 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Monday, May 21st will be given a dividend of $0.52 per share. The ex-dividend date is Friday, May 18th. This represents a $2.08 dividend on an annualized basis and a yield of 3.06%. Ryder’s payout ratio is presently 45.92%.
In related news, Director E Follin Smith sold 988 shares of the stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $68.41, for a total value of $67,589.08. Following the sale, the director now directly owns 28,698 shares in the company, valued at approximately $1,963,230.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Luis P. Nieto, Jr. sold 1,990 shares of the stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of $67.93, for a total transaction of $135,180.70. The disclosure for this sale can be found here. Corporate insiders own 2.27% of the company’s stock.
Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as ancillary maintenance and fleet support services.
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