Northwestern Mutual Investment Management Company LLC raised its position in shares of Ryder System Inc. (NYSE:R) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 2,044 shares of the company’s stock after buying an additional 3 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Ryder System were worth $125,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of R. BlackRock Japan Co. Ltd raised its stake in Ryder System by 1.4% in the first quarter. BlackRock Japan Co. Ltd now owns 2,735 shares of the company’s stock worth $177,000 after buying an additional 39 shares in the last quarter. Advance Capital I Inc. purchased a new stake in Ryder System during the second quarter worth approximately $202,000. Sentry Investment Management LLC purchased a new stake in Ryder System during the first quarter worth approximately $203,000. Societe Generale purchased a new stake in Ryder System during the second quarter worth approximately $215,000. Finally, SG Americas Securities LLC purchased a new stake in Ryder System during the second quarter worth approximately $215,000. 90.95% of the stock is owned by institutional investors.
Shares of Ryder System Inc. (NYSE:R) opened at 65.95 on Monday. The firm’s 50-day moving average price is $65.28 and its 200-day moving average price is $65.71. The company has a market cap of $3.53 billion, a PE ratio of 11.91 and a beta of 1.63. Ryder System Inc. has a 12 month low of $45.12 and a 12 month high of $76.33.
Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.02. Ryder System had a return on equity of 16.21% and a net margin of 4.44%. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the business posted $1.65 EPS. Ryder System’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts predict that Ryder System Inc. will post $5.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Monday, August 22nd were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Thursday, August 18th. This is a boost from Ryder System’s previous quarterly dividend of $0.41. Ryder System’s payout ratio is 31.71%.
A number of equities analysts recently commented on the company. Credit Agricole SA assumed coverage on Ryder System in a report on Friday. They issued a “buy” rating and a $80.00 price objective on the stock. Zacks Investment Research downgraded Ryder System from a “hold” rating to a “sell” rating in a report on Friday, August 19th. Robert W. Baird restated a “buy” rating on shares of Ryder System in a report on Monday, June 13th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Ryder System in a report on Monday, June 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $81.38.
Ryder System Company Profile
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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