Eqis Capital Management Inc. reduced its position in shares of Ryder System, Inc. (NYSE:R) by 19.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,952 shares of the transportation company’s stock after selling 1,949 shares during the period. Eqis Capital Management Inc.’s holdings in Ryder System were worth $572,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in R. Private Advisor Group LLC purchased a new stake in shares of Ryder System during the first quarter worth approximately $116,000. LS Investment Advisors LLC raised its stake in shares of Ryder System by 28.8% in the first quarter. LS Investment Advisors LLC now owns 2,473 shares of the transportation company’s stock worth $187,000 after buying an additional 553 shares in the last quarter. Creative Planning raised its stake in shares of Ryder System by 10.0% in the second quarter. Creative Planning now owns 2,904 shares of the transportation company’s stock worth $209,000 after buying an additional 264 shares in the last quarter. Boston Advisors LLC bought a new stake in shares of Ryder System during the first quarter worth approximately $224,000. Finally, Contravisory Investment Management Inc. raised its stake in shares of Ryder System by 31.7% in the first quarter. Contravisory Investment Management Inc. now owns 3,196 shares of the transportation company’s stock worth $241,000 after buying an additional 770 shares in the last quarter. 92.60% of the stock is currently owned by institutional investors.
Ryder System, Inc. (NYSE R) opened at 72.45 on Friday. The company has a 50-day moving average price of $69.88 and a 200-day moving average price of $72.51. Ryder System, Inc. has a 1-year low of $62.03 and a 1-year high of $85.42. The company has a market cap of $3.88 billion, a PE ratio of 15.86 and a beta of 1.39.
Ryder System (NYSE:R) last announced its quarterly earnings results on Tuesday, April 25th. The transportation company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.84 by $0.02. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Ryder System had a return on equity of 13.27% and a net margin of 3.55%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 EPS. On average, analysts expect that Ryder System, Inc. will post $4.37 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 21st will be issued a $0.46 dividend. The ex-dividend date is Thursday, August 17th. This is an increase from Ryder System’s previous quarterly dividend of $0.44. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.54%. Ryder System’s payout ratio is 38.34%.
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A number of analysts have commented on R shares. Zacks Investment Research raised Ryder System from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Seaport Global Securities started coverage on Ryder System in a report on Friday, April 21st. They set a “neutral” rating for the company. Stephens lowered Ryder System from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $81.00 to $71.00 in a report on Wednesday, April 26th. ValuEngine upgraded Ryder System from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, BidaskClub upgraded Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Ryder System presently has a consensus rating of “Buy” and an average target price of $77.00.
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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