Coldstream Capital Management Inc. bought a new position in Ryder System, Inc. (NYSE:R) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,130 shares of the company’s stock, valued at approximately $531,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its stake in shares of Ryder System by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 267,873 shares of the company’s stock worth $16,378,000 after buying an additional 9,320 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Ryder System by 12.0% in the second quarter. Wedge Capital Management L L P NC now owns 263,283 shares of the company’s stock worth $16,097,000 after buying an additional 28,261 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Ryder System by 64.1% in the second quarter. Stifel Financial Corp now owns 27,679 shares of the company’s stock worth $1,693,000 after buying an additional 10,813 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Ryder System by 12.2% in the second quarter. Amalgamated Bank now owns 7,351 shares of the company’s stock worth $484,000 after buying an additional 797 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Ryder System by 54.6% in the second quarter. Legal & General Group Plc now owns 61,044 shares of the company’s stock worth $3,728,000 after buying an additional 21,562 shares during the last quarter. 92.24% of the stock is currently owned by institutional investors.
Shares of Ryder System, Inc. (NYSE:R) traded up 1.36% during trading on Friday, hitting $76.49. The stock had a trading volume of 539,037 shares. The stock’s 50 day moving average is $75.76 and its 200 day moving average is $71.22. Ryder System, Inc. has a 52 week low of $53.35 and a 52 week high of $85.42. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 15.61 and a beta of 1.27.
Ryder System (NYSE:R) last released its quarterly earnings data on Thursday, February 2nd. The company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by $0.35. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.71 billion. Ryder System had a net margin of 3.87% and a return on equity of 14.10%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.72 earnings per share. On average, equities research analysts expect that Ryder System, Inc. will post $5.23 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 17th. Shareholders of record on Tuesday, February 21st will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Thursday, February 16th. Ryder System’s payout ratio is 35.77%.
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Several analysts recently commented on the company. Zacks Investment Research cut Ryder System from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Wolfe Research cut Ryder System from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 15th. Stifel Nicolaus cut Ryder System from a “buy” rating to a “hold” rating and set a $75.00 target price on the stock. in a research report on Tuesday, November 15th. They noted that the move was a valuation call. Finally, Aegis assumed coverage on Ryder System in a research report on Monday, October 24th. They issued a “buy” rating and a $77.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $73.20.
In other news, insider Dennis C. Cooke sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $79.27, for a total value of $475,620.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Karen M. Jones sold 4,086 shares of the business’s stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $73.40, for a total value of $299,912.40. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.
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 full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to customers 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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