State Board of Administration of Florida Retirement System trimmed its holdings in Ryder System, Inc. (NYSE:R) by 0.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,782 shares of the transportation company’s stock after selling 230 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Ryder System were worth $3,458,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Penserra Capital Management LLC acquired a new position in shares of Ryder System in the 4th quarter valued at about $135,000. Nisa Investment Advisors LLC lifted its stake in shares of Ryder System by 44.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 21,064 shares of the transportation company’s stock valued at $1,014,000 after purchasing an additional 6,500 shares in the last quarter. United Services Automobile Association lifted its stake in shares of Ryder System by 10.6% in the 4th quarter. United Services Automobile Association now owns 12,223 shares of the transportation company’s stock valued at $589,000 after purchasing an additional 1,170 shares in the last quarter. Copeland Capital Management LLC lifted its stake in shares of Ryder System by 58.2% in the 4th quarter. Copeland Capital Management LLC now owns 399,720 shares of the transportation company’s stock valued at $19,246,000 after purchasing an additional 147,018 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new stake in shares of Ryder System during the 4th quarter valued at about $1,011,000. 87.60% of the stock is currently owned by hedge funds and other institutional investors.
In other Ryder System news, Director E Follin Smith sold 1,138 shares of Ryder System stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $62.82, for a total transaction of $71,489.16. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.80% of the stock is owned by insiders.
R stock opened at $53.83 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 2.35. Ryder System, Inc. has a 52-week low of $44.80 and a 52-week high of $79.95. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 9.30 and a beta of 1.71.
Ryder System (NYSE:R) last posted its quarterly earnings data on Tuesday, April 30th. The transportation company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.12. Ryder System had a return on equity of 11.26% and a net margin of 3.28%. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the business earned $0.91 EPS. Ryder System’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, equities analysts forecast that Ryder System, Inc. will post 6.17 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Monday, May 20th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.16 annualized dividend and a yield of 4.01%. Ryder System’s dividend payout ratio is presently 37.31%.
Several equities research analysts recently commented on R shares. ValuEngine upgraded Ryder System from a “strong sell” rating to a “sell” rating in a report on Thursday, February 14th. TheStreet upgraded Ryder System from a “c+” rating to a “b-” rating in a report on Thursday, February 21st. Finally, Zacks Investment Research upgraded Ryder System from a “sell” rating to a “hold” rating in a report on Monday, January 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $76.89.
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Ryder System Profile
Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.
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