American Century Companies Inc. lifted its position in shares of Ryder (NYSE:R) by 3,121.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 274,040 shares of the transportation company’s stock after purchasing an additional 265,534 shares during the quarter. American Century Companies Inc. owned 0.52% of Ryder worth $19,947,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in R. Bank of Montreal Can boosted its position in shares of Ryder by 14.9% during the fourth quarter. Bank of Montreal Can now owns 139,697 shares of the transportation company’s stock worth $11,759,000 after purchasing an additional 18,104 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Ryder by 16.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 509,469 shares of the transportation company’s stock valued at $42,883,000 after acquiring an additional 72,710 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Ryder in the 4th quarter valued at $260,000. First Quadrant L P CA bought a new stake in Ryder in the 4th quarter valued at $10,111,000. Finally, Boston Advisors LLC lifted its position in Ryder by 493.3% in the 4th quarter. Boston Advisors LLC now owns 45,183 shares of the transportation company’s stock valued at $3,803,000 after acquiring an additional 37,568 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.
Several research firms recently commented on R. Stifel Nicolaus reaffirmed a “hold” rating and issued a $86.00 price objective on shares of Ryder in a research report on Thursday, January 18th. KeyCorp reaffirmed an “overweight” rating and issued a $95.00 price objective (down from $100.00) on shares of Ryder in a research report on Tuesday, February 20th. JPMorgan Chase reaffirmed a “neutral” rating and issued a $73.00 price objective (down from $94.00) on shares of Ryder in a research report on Tuesday, February 20th. Buckingham Research reiterated a “buy” rating and issued a $90.00 price target (down from $101.00) on shares of Ryder in a research note on Tuesday, February 20th. Finally, Seaport Global Securities reiterated a “hold” rating on shares of Ryder in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $84.75.
In other news, Director Luis P. Nieto, Jr. sold 1,990 shares of the business’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $67.93, for a total transaction of $135,180.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director E Follin Smith sold 988 shares of the business’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $68.41, for a total transaction of $67,589.08. Following the transaction, the director now owns 28,698 shares in the company, valued at $1,963,230.18. The disclosure for this sale can be found here. 2.27% of the stock is currently owned by insiders.
Shares of R stock opened at $68.63 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.68 and a debt-to-equity ratio of 1.75. Ryder has a 1 year low of $68.10 and a 1 year high of $68.73. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 0.81 and a beta of 1.49.
Ryder (NYSE:R) last issued its quarterly earnings results on Tuesday, April 24th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. Ryder had a net margin of 10.50% and a return on equity of 9.82%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the business earned $0.82 EPS. The company’s revenue was up 9.6% compared to the same quarter last year. research analysts expect that Ryder will post 5.61 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Monday, May 21st will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, May 18th. This represents a $2.08 annualized dividend and a yield of 3.03%. Ryder’s payout ratio is currently 45.92%.
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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