Gargoyle Investment Advisor L.L.C. maintained its position in Ryder System Inc. (NYSE:R) during the second quarter, Holdings Channel reports. The fund owned 39,512 shares of the company’s stock at the end of the second quarter. Gargoyle Investment Advisor L.L.C.’s holdings in Ryder System were worth $2,416,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of R. Fiduciary Management Inc. WI boosted its stake in Ryder System by 55.2% in the first quarter. Fiduciary Management Inc. WI now owns 1,142,910 shares of the company’s stock worth $74,038,000 after buying an additional 406,634 shares during the period. Geode Capital Management LLC boosted its stake in Ryder System by 1.4% in the first quarter. Geode Capital Management LLC now owns 437,703 shares of the company’s stock worth $28,309,000 after buying an additional 6,227 shares during the period. Goldman Sachs Group Inc. boosted its stake in Ryder System by 7.1% in the first quarter. Goldman Sachs Group Inc. now owns 383,109 shares of the company’s stock worth $24,818,000 after buying an additional 25,450 shares during the period. Wellington Management Group LLP purchased a new stake in Ryder System during the first quarter worth about $22,300,000. Finally, Prudential Financial Inc. boosted its stake in Ryder System by 40.4% in the first quarter. Prudential Financial Inc. now owns 268,852 shares of the company’s stock worth $17,417,000 after buying an additional 77,300 shares during the period. 90.95% of the stock is currently owned by hedge funds and other institutional investors.
Ryder System Inc. (NYSE:R) traded up 2.34% on Friday, reaching $65.95. 812,671 shares of the company traded hands. The firm has a market cap of $3.53 billion, a P/E ratio of 11.91 and a beta of 1.73. The stock has a 50-day moving average price of $65.28 and a 200-day moving average price of $65.67. Ryder System Inc. has a 52-week low of $45.12 and a 52-week high of $76.33.
Ryder System (NYSE:R) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.02. Ryder System had a net margin of 4.44% and a return on equity of 16.21%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the business earned $1.65 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. Analysts anticipate that Ryder System Inc. will post $5.97 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Monday, August 22nd were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, August 18th. This is a positive change from Ryder System’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 2.67%. Ryder System’s payout ratio is currently 31.71%.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Ryder System from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Robert W. Baird reiterated a “buy” rating on shares of Ryder System in a research note on Monday, June 13th. Royal Bank Of Canada reiterated a “hold” rating on shares of Ryder System in a research note on Monday, June 13th. Finally, Credit Agricole SA started coverage on shares of Ryder System in a research note on Friday. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $81.57.
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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