SG Capital Management LLC acquired a new position in Ryder System, Inc. (NYSE:R) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 216,399 shares of the transportation company’s stock, valued at approximately $15,812,000. Ryder System makes up approximately 3.9% of SG Capital Management LLC’s portfolio, making the stock its 5th largest position. SG Capital Management LLC owned approximately 0.41% of Ryder System as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new stake in shares of Ryder System in the 2nd quarter worth approximately $101,000. Pinnacle Associates Ltd. bought a new stake in Ryder System during the 2nd quarter valued at $233,000. Assetmark Inc. raised its holdings in Ryder System by 27,850.0% during the 1st quarter. Assetmark Inc. now owns 3,354 shares of the transportation company’s stock valued at $244,000 after acquiring an additional 3,342 shares during the period. Verition Fund Management LLC bought a new stake in Ryder System during the 1st quarter valued at $252,000. Finally, Spark Investment Management LLC raised its holdings in Ryder System by 19.4% during the 2nd quarter. Spark Investment Management LLC now owns 4,000 shares of the transportation company’s stock valued at $287,000 after acquiring an additional 650 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Ryder System from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Tuesday, August 21st. Stifel Nicolaus boosted their target price on shares of Ryder System from $76.00 to $81.00 and gave the company a “hold” rating in a report on Thursday, July 26th. Mizuho reissued a “buy” rating and set a $90.00 target price on shares of Ryder System in a report on Thursday, July 26th. Deutsche Bank started coverage on shares of Ryder System in a report on Tuesday, September 4th. They issued a “buy” rating and a $88.00 price target on the stock. Finally, ValuEngine cut shares of Ryder System from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $79.82.
NYSE:R traded down $0.56 during midday trading on Friday, hitting $56.35. The company had a trading volume of 587,791 shares, compared to its average volume of 782,577. Ryder System, Inc. has a 52-week low of $53.97 and a 52-week high of $90.26. The firm has a market capitalization of $3.05 billion, a PE ratio of 12.44 and a beta of 1.63. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.64 and a current ratio of 0.67.
Ryder System (NYSE:R) last announced its earnings results on Friday, October 26th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.01). Ryder System had a return on equity of 9.88% and a net margin of 9.98%. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter last year, the firm posted $1.33 earnings per share. The firm’s revenue was up 17.2% on a year-over-year basis. On average, sell-side analysts forecast that Ryder System, Inc. will post 5.79 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Monday, November 19th will be given a $0.54 dividend. The ex-dividend date is Friday, November 16th. This represents a $2.16 annualized dividend and a yield of 3.83%. Ryder System’s dividend payout ratio (DPR) is presently 47.68%.
In other Ryder System news, Director David G. Nord purchased 2,000 shares of the business’s stock in a transaction on Thursday, November 8th. The stock was acquired at an average cost of $57.24 per share, for a total transaction of $114,480.00. Following the completion of the transaction, the director now directly owns 3,990 shares in the company, valued at approximately $228,387.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John J. Diez sold 6,520 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $79.44, for a total transaction of $517,948.80. The disclosure for this sale can be found here. 2.27% of the stock is currently owned by insiders.
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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 ancillary maintenance and fleet support services.
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