LS Investment Advisors LLC decreased its stake in shares of Ryder System Inc. (NYSE:R) by 10.2% during the second quarter, Holdings Channel reports. The firm owned 2,148 shares of the company’s stock after selling 243 shares during the period. LS Investment Advisors LLC’s holdings in Ryder System were worth $131,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Japan Co. Ltd boosted 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 valued at $177,000 after buying an additional 39 shares during the period. IBM Retirement Fund boosted its stake in Ryder System by 2.6% in the second quarter. IBM Retirement Fund now owns 5,404 shares of the company’s stock valued at $330,000 after buying an additional 138 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in Ryder System by 1.6% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 45,875 shares of the company’s stock valued at $2,805,000 after buying an additional 737 shares during the period. Exxonmobil Investment Management Inc. TX boosted its stake in Ryder System by 6.7% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 13,901 shares of the company’s stock valued at $850,000 after buying an additional 877 shares during the period. Finally, Sentry Investment Management LLC bought a new stake in Ryder System during the first quarter valued at approximately $203,000. 90.95% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ryder System Inc. (NYSE:R) traded up 2.34% during trading on Friday, reaching $65.95. 812,671 shares of the company traded hands. The company has a 50 day moving average price of $65.28 and a 200 day moving average price of $65.71. Ryder System Inc. has a 12-month low of $45.12 and a 12-month high of $76.33. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 11.91 and a beta of 1.73.
Ryder System (NYSE:R) last released its earnings results on Wednesday, July 27th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the company earned $1.65 EPS. Ryder System’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts predict that Ryder System Inc. will post $5.97 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Monday, August 22nd were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Thursday, August 18th. This is an increase from Ryder System’s previous quarterly dividend of $0.41. Ryder System’s payout ratio is presently 31.71%.
Several research firms have recently commented on R. Credit Agricole SA began coverage on shares of Ryder System in a research note on Friday. They set a “buy” rating on the stock. Robert W. Baird restated a “buy” rating on shares of Ryder System in a report on Monday, June 13th. Zacks Investment Research lowered shares of Ryder System from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Ryder System in a report on Monday, June 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $81.57.
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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