Oregon Public Employees Retirement Fund reduced its stake in Ryder System, Inc. (NYSE:R – Free Report) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,665 shares of the transportation company’s stock after selling 136 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Ryder System were worth $1,309,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Ryder System by 13.6% during the first quarter. JPMorgan Chase & Co. now owns 193,131 shares of the transportation company’s stock worth $15,322,000 after purchasing an additional 23,111 shares during the period. Cetera Advisor Networks LLC purchased a new stake in Ryder System in the 1st quarter worth approximately $290,000. MetLife Investment Management LLC grew its position in shares of Ryder System by 33.3% in the 1st quarter. MetLife Investment Management LLC now owns 34,694 shares of the transportation company’s stock worth $2,752,000 after buying an additional 8,674 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Ryder System by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,678 shares of the transportation company’s stock valued at $1,561,000 after buying an additional 1,876 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Ryder System by 12.5% during the first quarter. Great West Life Assurance Co. Can now owns 32,930 shares of the transportation company’s stock valued at $2,691,000 after acquiring an additional 3,652 shares in the last quarter. Institutional investors own 85.56% of the company’s stock.
Insider Activity
In other news, insider Thomas M. Havens sold 9,000 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $100.32, for a total value of $902,880.00. Following the completion of the transaction, the insider now owns 31,008 shares in the company, valued at $3,110,722.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Robert E. Sanchez sold 93,415 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $100.13, for a total value of $9,353,643.95. Following the sale, the chief executive officer now owns 62,383 shares in the company, valued at $6,246,409.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas M. Havens sold 9,000 shares of Ryder System stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $100.32, for a total transaction of $902,880.00. Following the completion of the sale, the insider now directly owns 31,008 shares of the company’s stock, valued at approximately $3,110,722.56. The disclosure for this sale can be found here. Insiders have sold a total of 125,390 shares of company stock worth $12,588,667 over the last 90 days. 4.00% of the stock is currently owned by insiders.
Ryder System Trading Up 1.5 %
Ryder System (NYSE:R – Get Free Report) last posted its quarterly earnings results on Wednesday, July 26th. The transportation company reported $3.61 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.64. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $3.05 billion. Ryder System had a return on equity of 23.98% and a net margin of 4.79%. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.43 EPS. As a group, analysts forecast that Ryder System, Inc. will post 12.8 EPS for the current fiscal year.
Ryder System Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 21st will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Friday, August 18th. This is an increase from Ryder System’s previous quarterly dividend of $0.62. Ryder System’s dividend payout ratio is currently 21.49%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on R shares. Robert W. Baird raised shares of Ryder System from a “neutral” rating to an “outperform” rating in a research report on Monday, July 31st. StockNews.com assumed coverage on shares of Ryder System in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Wells Fargo & Company raised their price objective on shares of Ryder System from $80.00 to $100.00 in a report on Thursday, July 27th. Finally, Stifel Nicolaus reduced their target price on Ryder System from $107.00 to $105.00 in a report on Thursday, April 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $104.60.
View Our Latest Stock Analysis on Ryder System
Ryder System Profile
Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website.
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