Eagle Asset Management Inc. Raises Stock Holdings in Ryder System, Inc. (NYSE:R)

Eagle Asset Management Inc. grew its holdings in shares of Ryder System, Inc. (NYSE:RGet Rating) by 17.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,705 shares of the transportation company’s stock after purchasing an additional 22,927 shares during the period. Eagle Asset Management Inc. owned about 0.29% of Ryder System worth $12,862,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Yousif Capital Management LLC acquired a new stake in shares of Ryder System in the fourth quarter valued at approximately $2,570,000. Zimmermann Investment Management & Planning LLC acquired a new stake in shares of Ryder System during the fourth quarter valued at $746,000. Captrust Financial Advisors boosted its stake in Ryder System by 6.3% in the 3rd quarter. Captrust Financial Advisors now owns 2,685 shares of the transportation company’s stock worth $222,000 after buying an additional 160 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Ryder System by 9.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 47,258 shares of the transportation company’s stock worth $3,895,000 after buying an additional 4,044 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Ryder System by 423.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 623 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 504 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Shares of R opened at $79.40 on Friday. Ryder System, Inc. has a 52 week low of $61.71 and a 52 week high of $93.05. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.57 and a current ratio of 0.59. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 6.59 and a beta of 1.77. The business’s fifty day moving average price is $74.06 and its two-hundred day moving average price is $77.70.

Ryder System (NYSE:RGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The transportation company reported $3.59 EPS for the quarter, topping the consensus estimate of $2.38 by $1.21. Ryder System had a return on equity of 24.86% and a net margin of 6.25%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the business posted $1.09 EPS. The firm’s revenue was up 28.4% compared to the same quarter last year. As a group, research analysts forecast that Ryder System, Inc. will post 13.99 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 17th. Investors of record on Monday, May 23rd will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Friday, May 20th. Ryder System’s payout ratio is currently 19.27%.

R has been the topic of several analyst reports. Wolfe Research downgraded Ryder System from a “peer perform” rating to an “underperform” rating in a report on Tuesday, April 5th. Stephens boosted their price target on Ryder System from $92.00 to $94.00 and gave the company an “equal weight” rating in a report on Thursday, February 17th. JPMorgan Chase & Co. reduced their price objective on Ryder System from $88.00 to $71.00 and set a “neutral” rating for the company in a research report on Friday, April 8th. StockNews.com lowered Ryder System from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 4th. Finally, Wells Fargo & Company reduced their price target on Ryder System from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Thursday, February 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $87.83.

In other news, CMO Karen M. Jones sold 7,269 shares of the company’s stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $73.63, for a total transaction of $535,216.47. Following the completion of the transaction, the chief marketing officer now directly owns 6,963 shares in the company, valued at $512,685.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Luis P. Nieto, Jr. sold 2,220 shares of the business’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $73.28, for a total transaction of $162,681.60. Following the completion of the sale, the director now directly owns 26,939 shares in the company, valued at approximately $1,974,089.92. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

About Ryder System (Get Rating)

Ryder System, Inc operates as a logistics and transportation company worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). 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.

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Institutional Ownership by Quarter for Ryder System (NYSE:R)

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