Deprince Race & Zollo Inc. boosted its stake in shares of Ryder System, Inc. (NYSE:R) by 2.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 566,597 shares of the transportation company’s stock after buying an additional 13,162 shares during the period. Ryder System accounts for approximately 0.9% of Deprince Race & Zollo Inc.’s investment portfolio, making the stock its 24th largest position. Deprince Race & Zollo Inc. owned approximately 1.06% of Ryder System worth $42,744,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LSV Asset Management boosted its position in shares of Ryder System by 313.4% in the third quarter. LSV Asset Management now owns 2,268,976 shares of the transportation company’s stock valued at $149,638,000 after buying an additional 1,720,119 shares in the last quarter. Luminus Management LLC acquired a new stake in shares of Ryder System during the fourth quarter valued at about $113,937,000. Wells Fargo & Company MN increased its stake in shares of Ryder System by 50.3% in the first quarter. Wells Fargo & Company MN now owns 2,325,451 shares of the transportation company’s stock valued at $175,432,000 after buying an additional 777,840 shares in the last quarter. Norges Bank acquired a new stake in shares of Ryder System during the fourth quarter valued at about $38,789,000. Finally, 1060 Capital LLC acquired a new stake in shares of Ryder System during the first quarter valued at about $23,678,000. 92.94% of the stock is owned by institutional investors and hedge funds.
Ryder System, Inc. (NYSE R) traded down 0.87% during mid-day trading on Friday, reaching $67.15. The company’s stock had a trading volume of 9,940,386 shares. The company has a 50 day moving average of $66.45 and a 200-day moving average of $73.71. Ryder System, Inc. has a 52-week low of $56.98 and a 52-week high of $85.42. The stock has a market cap of $3.60 billion, a PE ratio of 14.70 and a beta of 1.26.
Ryder System (NYSE:R) last released its quarterly earnings results on Tuesday, April 25th. The transportation company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.68 billion. Ryder System had a net margin of 3.55% and a return on equity of 13.27%. Ryder System’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS. Equities analysts forecast that Ryder System, Inc. will post $4.35 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Monday, May 22nd were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, May 18th. This represents a $1.76 dividend on an annualized basis and a yield of 2.62%. Ryder System’s dividend payout ratio (DPR) is currently 38.34%.
R has been the subject of several research analyst reports. Stephens downgraded Ryder System from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $81.00 to $71.00 in a research note on Wednesday, April 26th. Zacks Investment Research raised Ryder System from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Finally, Seaport Global Securities started coverage on Ryder System in a research note on Friday, April 21st. They set a “neutral” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $75.75.
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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