Cambridge Investment Research Advisors Inc. boosted its position in Ryder System, Inc. (NYSE:R) by 13.2% during the first quarter, Holdings Channel reports. The institutional investor owned 5,817 shares of the transportation company’s stock after buying an additional 677 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Ryder System were worth $439,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC bought a new stake in Ryder System during the first quarter worth approximately $116,000. Cantab Capital Partners LLP bought a new stake in Ryder System during the fourth quarter worth approximately $128,000. LS Investment Advisors LLC raised its stake in Ryder System by 28.8% in the first quarter. LS Investment Advisors LLC now owns 2,473 shares of the transportation company’s stock worth $187,000 after buying an additional 553 shares during the last quarter. Boston Advisors LLC bought a new stake in Ryder System during the first quarter worth approximately $224,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Ryder System by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,065 shares of the transportation company’s stock worth $228,000 after buying an additional 11 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.
Shares of Ryder System, Inc. (R) opened at 68.51 on Friday. The stock’s 50 day moving average price is $66.44 and its 200 day moving average price is $73.47. Ryder System, Inc. has a 12 month low of $56.98 and a 12 month high of $85.42. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 15.00 and a beta of 1.26.
Ryder System (NYSE:R) last announced its quarterly earnings results on Tuesday, April 25th. The transportation company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by $0.02. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.68 billion. Ryder System had a net margin of 3.55% and a return on equity of 13.27%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.12 earnings per share. Analysts expect that Ryder System, Inc. will post $4.35 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Monday, May 22nd were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date was Thursday, May 18th. Ryder System’s payout ratio is currently 38.34%.
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R has been the subject of a number of analyst reports. Stephens lowered Ryder System from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $81.00 to $71.00 in a research report on Wednesday, April 26th. Zacks Investment Research lowered Ryder System from a “hold” rating to a “strong sell” rating in a research report on Friday, April 28th. Finally, Seaport Global Securities initiated coverage on Ryder System in a research report on Friday, April 21st. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Ryder System currently has a consensus rating of “Hold” and a consensus price target of $75.75.
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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