Janus Henderson Group PLC increased its position in shares of Ryder System, Inc. (NYSE:R) by 641.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 317,504 shares of the transportation company’s stock after acquiring an additional 274,704 shares during the period. Janus Henderson Group PLC’s holdings in Ryder System were worth $22,816,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Adviser Investments LLC bought a new stake in shares of Ryder System during the 1st quarter valued at $109,000. Pinnacle Associates Ltd. purchased a new position in Ryder System during the second quarter valued at $233,000. Assetmark Inc. grew its stake in Ryder System by 27,850.0% during the first quarter. Assetmark Inc. now owns 3,354 shares of the transportation company’s stock valued at $244,000 after acquiring an additional 3,342 shares in the last quarter. Verition Fund Management LLC purchased a new position in Ryder System during the first quarter valued at $252,000. Finally, Alambic Investment Management L.P. grew its stake in Ryder System by 40.0% during the first quarter. Alambic Investment Management L.P. now owns 3,500 shares of the transportation company’s stock valued at $255,000 after acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 90.04% of the company’s stock.
In related news, insider John J. Diez sold 6,520 shares of Ryder System stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $79.44, for a total transaction of $517,948.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert E. Sanchez sold 27,830 shares of Ryder System stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $78.04, for a total transaction of $2,171,853.20. Following the transaction, the chief executive officer now directly owns 119,387 shares of the company’s stock, valued at $9,316,961.48. The disclosure for this sale can be found here. Insiders sold a total of 57,865 shares of company stock valued at $4,502,858 over the last three months. Corporate insiders own 2.27% of the company’s stock.
Shares of NYSE:R opened at $78.55 on Friday. Ryder System, Inc. has a 52 week low of $65.65 and a 52 week high of $90.26. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 15.65 and a beta of 1.46. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.68 and a quick ratio of 0.64.
Ryder System (NYSE:R) last issued its quarterly earnings data on Wednesday, July 25th. The transportation company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13. Ryder System had a net margin of 9.99% and a return on equity of 9.96%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period last year, the company posted $1.00 EPS. The business’s revenue was up 16.9% on a year-over-year basis. research analysts expect that Ryder System, Inc. will post 5.77 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, July 20th will be paid a $0.54 dividend. This is a boost from Ryder System’s previous quarterly dividend of $0.52. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, July 19th. Ryder System’s dividend payout ratio (DPR) is presently 47.68%.
Several equities analysts recently weighed in on the stock. Deutsche Bank assumed coverage on shares of Ryder System in a research note on Tuesday, September 4th. They set a “buy” rating and a $88.00 target price for the company. Zacks Investment Research raised shares of Ryder System from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Tuesday, August 21st. Stifel Nicolaus raised their target price on shares of Ryder System from $76.00 to $81.00 and gave the company a “hold” rating in a research note on Thursday, July 26th. Mizuho reaffirmed a “buy” rating and set a $90.00 target price on shares of Ryder System in a research note on Thursday, July 26th. Finally, KeyCorp cut their target price on shares of Ryder System from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, June 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $84.30.
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 ancillary maintenance and fleet support services.
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