Macquarie Group Ltd. raised its position in Ryder System, Inc. (NYSE:R) by 14.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 36,400 shares of the transportation company’s stock after acquiring an additional 4,700 shares during the period. Macquarie Group Ltd. owned approximately 0.07% of Ryder System worth $3,077,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. BlueMountain Capital Management LLC acquired a new stake in shares of Ryder System in the second quarter valued at about $109,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Ryder System by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock valued at $141,000 after purchasing an additional 156 shares during the period. JFS Wealth Advisors LLC lifted its stake in shares of Ryder System by 1.1% in the second quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock valued at $156,000 after purchasing an additional 24 shares during the period. Edmond DE Rothschild Holding S.A. lifted its stake in shares of Ryder System by 94.7% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 2,550 shares of the transportation company’s stock valued at $183,000 after purchasing an additional 1,240 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Ryder System in the second quarter valued at about $202,000. Institutional investors own 89.41% of the company’s stock.
R has been the subject of several recent analyst reports. Buckingham Research raised their price objective on shares of Ryder System from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. ValuEngine cut shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of Ryder System from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Tuesday, October 31st. Aegis reiterated a “buy” rating and issued a $91.00 price objective (up previously from $84.00) on shares of Ryder System in a research note on Tuesday, October 10th. Finally, J P Morgan Chase & Co raised their price objective on shares of Ryder System from $69.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $85.00.
Ryder System, Inc. (NYSE R) traded down $0.13 during trading hours on Monday, reaching $82.35. 647,500 shares of the company’s stock traded hands, compared to its average volume of 710,699. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.02 and a quick ratio of 0.96. Ryder System, Inc. has a 52-week low of $62.52 and a 52-week high of $85.50. The stock has a market cap of $4,360.25, a P/E ratio of 19.51, a P/E/G ratio of 1.22 and a beta of 1.51.
Ryder System (NYSE:R) last posted its earnings results on Tuesday, October 24th. The transportation company reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.04. Ryder System had a net margin of 2.75% and a return on equity of 10.72%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the firm posted $1.67 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. sell-side analysts predict that Ryder System, Inc. will post 4.51 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be issued a dividend of $0.46 per share. The ex-dividend date is Friday, November 17th. This represents a $1.84 annualized dividend and a yield of 2.23%. Ryder System’s dividend payout ratio (DPR) is currently 49.86%.
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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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