Ryder System, Inc. (R) Shares Bought by Sei Investments Co.
Sei Investments Co. lifted its stake in shares of Ryder System, Inc. (NYSE:R) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,021 shares of the transportation company’s stock after buying an additional 1,547 shares during the quarter. Sei Investments Co. owned about 0.12% of Ryder System worth $4,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in R. Lord Abbett & CO. LLC increased its position in shares of Ryder System by 195.0% during the first quarter. Lord Abbett & CO. LLC now owns 470,000 shares of the transportation company’s stock valued at $34,211,000 after buying an additional 310,700 shares during the period. Pzena Investment Management LLC increased its position in shares of Ryder System by 20.1% during the first quarter. Pzena Investment Management LLC now owns 1,658,741 shares of the transportation company’s stock valued at $120,740,000 after buying an additional 277,851 shares during the period. American Century Companies Inc. increased its position in shares of Ryder System by 3,121.7% during the first quarter. American Century Companies Inc. now owns 274,040 shares of the transportation company’s stock valued at $19,947,000 after buying an additional 265,534 shares during the period. Amundi Pioneer Asset Management Inc. grew its holdings in Ryder System by 619.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 234,112 shares of the transportation company’s stock worth $17,041,000 after purchasing an additional 201,562 shares during the period. Finally, BlackRock Inc. grew its holdings in Ryder System by 2.9% in the first quarter. BlackRock Inc. now owns 6,042,933 shares of the transportation company’s stock worth $439,865,000 after purchasing an additional 171,940 shares during the period. Institutional investors own 88.93% of the company’s stock.
A number of equities research analysts have weighed in on R shares. Zacks Investment Research upgraded shares of Ryder System from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Tuesday, August 21st. Stifel Nicolaus upped their price objective on shares of Ryder System from $76.00 to $81.00 and gave the stock a “hold” rating in a report on Thursday, July 26th. Mizuho restated a “buy” rating and issued a $90.00 price objective on shares of Ryder System in a report on Thursday, July 26th. KeyCorp cut their price objective on shares of Ryder System from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, June 22nd. Finally, ValuEngine cut shares of Ryder System from a “hold” rating to a “sell” rating in a report on Wednesday, June 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $83.89.
Shares of R opened at $78.71 on Wednesday. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 17.38 and a beta of 1.52. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.64 and a current ratio of 0.68. Ryder System, Inc. has a fifty-two week low of $65.65 and a fifty-two week high of $90.26.
Ryder System (NYSE:R) last announced its quarterly earnings data on Wednesday, July 25th. The transportation company reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.13. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Ryder System had a net margin of 9.99% and a return on equity of 9.96%. The business’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 earnings per share. equities analysts predict that Ryder System, Inc. will post 5.77 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Friday, July 20th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Thursday, July 19th. This is an increase from Ryder System’s previous quarterly dividend of $0.52. Ryder System’s dividend payout ratio is currently 47.68%.
Ryder System Company Profile
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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