BNP Paribas Arbitrage SA increased its holdings in Ryder System, Inc. (NYSE:R) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,711 shares of the transportation company’s stock after purchasing an additional 1,091 shares during the period. BNP Paribas Arbitrage SA owned 0.12% of Ryder System worth $3,714,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Retirement Systems of Alabama grew its position in Ryder System by 0.3% during the second quarter. Retirement Systems of Alabama now owns 69,328 shares of the transportation company’s stock valued at $4,042,000 after acquiring an additional 183 shares during the period. Nordea Investment Management AB grew its position in Ryder System by 3.8% during the first quarter. Nordea Investment Management AB now owns 67,335 shares of the transportation company’s stock valued at $4,173,000 after acquiring an additional 2,434 shares during the period. Rothschild & Co. Asset Management US Inc. grew its position 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 valued at $19,167,000 after acquiring an additional 11,386 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Ryder System during the first quarter valued at about $510,000. Finally, Allstate Corp purchased a new stake in Ryder System during the first quarter valued at about $207,000. 88.03% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on R. ValuEngine downgraded Ryder System from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 31st. KeyCorp decreased their target price on Ryder System from $80.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, July 18th. Loop Capital downgraded Ryder System from a “buy” rating to a “hold” rating and decreased their target price for the stock from $70.00 to $62.00 in a research report on Tuesday, July 2nd. SunTrust Banks decreased their target price on Ryder System to $65.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, TheStreet downgraded Ryder System from a “b-” rating to a “c+” rating in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $73.50.
In other Ryder System news, EVP Karen M. Jones sold 1,767 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $52.21, for a total transaction of $92,255.07. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.80% of the company’s stock.
Shares of NYSE R opened at $46.53 on Friday. The stock’s 50 day moving average price is $54.57 and its two-hundred day moving average price is $58.68. Ryder System, Inc. has a 52-week low of $44.80 and a 52-week high of $79.95. The stock has a market capitalization of $2.54 billion, a P/E ratio of 8.04 and a beta of 1.81. The company has a quick ratio of 0.56, a current ratio of 0.59 and a debt-to-equity ratio of 2.54.
Ryder System (NYSE:R) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.40. Ryder System had a return on equity of 11.46% and a net margin of 3.60%. The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the prior year, the firm posted $1.42 earnings per share. Ryder System’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts anticipate that Ryder System, Inc. will post 5.69 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.56 per share. The ex-dividend date is Friday, August 16th. This represents a $2.24 annualized dividend and a yield of 4.81%. This is a boost from Ryder System’s previous quarterly dividend of $0.54. Ryder System’s dividend payout ratio is presently 37.31%.
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 fleet support services.
Featured Article: Short Selling
Receive News & Ratings for Ryder System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System and related companies with MarketBeat.com's FREE daily email newsletter.