Riverhead Capital Management LLC Has $8.77 Million Position in Ryder System, Inc. (NYSE:R)
Riverhead Capital Management LLC increased its stake in shares of Ryder System, Inc. (NYSE:R) by 14.6% during the 1st quarter, HoldingsChannel reports. The fund owned 141,533 shares of the transportation company’s stock after acquiring an additional 18,077 shares during the period. Riverhead Capital Management LLC’s holdings in Ryder System were worth $8,774,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in Ryder System during the fourth quarter worth about $135,000. Rothschild & Co. Asset Management US Inc. raised its holdings in Ryder System by 3.8% during the first quarter. Rothschild & Co. Asset Management US Inc. now owns 309,203 shares of the transportation company’s stock worth $19,167,000 after acquiring an additional 11,386 shares in the last quarter. United Services Automobile Association raised its holdings in Ryder System by 10.6% during the fourth quarter. United Services Automobile Association now owns 12,223 shares of the transportation company’s stock worth $589,000 after acquiring an additional 1,170 shares in the last quarter. Geode Capital Management LLC raised its holdings in Ryder System by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 525,886 shares of the transportation company’s stock worth $25,321,000 after acquiring an additional 9,794 shares in the last quarter. Finally, Bank of Nova Scotia bought a new stake in Ryder System during the fourth quarter worth about $1,011,000. Institutional investors and hedge funds own 87.85% of the company’s stock.
Several analysts have issued reports on R shares. ValuEngine upgraded Ryder System from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 20th. Zacks Investment Research lowered Ryder System from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Finally, TheStreet upgraded Ryder System from a “c+” rating to a “b-” rating in a research note on Thursday, February 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Ryder System presently has a consensus rating of “Buy” and a consensus price target of $76.89.
NYSE:R traded up $0.23 on Wednesday, hitting $55.81. The company’s stock had a trading volume of 4,949 shares, compared to its average volume of 606,952. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 9.61 and a beta of 1.77. The company has a quick ratio of 0.54, a current ratio of 0.57 and a debt-to-equity ratio of 2.35. Ryder System, Inc. has a one year low of $44.80 and a one year high of $79.95.
Ryder System (NYSE:R) last announced its earnings results on Tuesday, April 30th. The transportation company reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.12. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.14 billion. Ryder System had a return on equity of 11.26% and a net margin of 3.28%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. Equities research analysts expect that Ryder System, Inc. will post 6.18 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Monday, May 20th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.87%. Ryder System’s dividend payout ratio (DPR) is currently 37.31%.
About Ryder System
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 fleet support services.
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