Fmr LLC Has $10.35 Million Position in Ryder System, Inc. (NYSE:R)

FMR LLC decreased its stake in Ryder System, Inc. (NYSE:R) by 8.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 137,221 shares of the transportation company’s stock after selling 12,546 shares during the period. FMR LLC owned about 0.26% of Ryder System worth $10,352,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of R. Private Advisor Group LLC purchased a new position in Ryder System during the first quarter worth about $116,000. LS Investment Advisors LLC boosted its position in Ryder System by 28.8% in the first quarter. LS Investment Advisors LLC now owns 2,473 shares of the transportation company’s stock worth $187,000 after buying an additional 553 shares during the last quarter. Boston Advisors LLC purchased a new position in Ryder System during the first quarter worth about $224,000. Contravisory Investment Management Inc. boosted its position in Ryder System by 31.7% in the first quarter. Contravisory Investment Management Inc. now owns 3,196 shares of the transportation company’s stock worth $241,000 after buying an additional 770 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Ryder System during the first quarter worth $256,000. Institutional investors and hedge funds own 93.05% of the company’s stock.

Ryder System, Inc. (NYSE:R) traded down 0.50% during mid-day trading on Friday, hitting $71.94. The company had a trading volume of 421,431 shares. The firm has a market capitalization of $3.81 billion, a PE ratio of 17.32 and a beta of 1.39. Ryder System, Inc. has a 1-year low of $62.03 and a 1-year high of $85.42. The company has a 50 day moving average of $72.96 and a 200 day moving average of $72.07.

Ryder System (NYSE:R) last announced its quarterly earnings data on Wednesday, July 26th. The transportation company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.07. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.76 billion. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.56 earnings per share. Analysts predict that Ryder System, Inc. will post $4.44 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 21st will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, August 17th. This is a positive change from Ryder System’s previous quarterly dividend of $0.44. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.56%. Ryder System’s payout ratio is 44.12%.

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A number of equities research analysts have recently weighed in on the company. ValuEngine raised Ryder System from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. BidaskClub raised Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research lowered Ryder System from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Stephens lowered Ryder System from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $81.00 to $71.00 in a research report on Wednesday, April 26th. Finally, Seaport Global Securities began coverage on Ryder System in a report on Friday, April 21st. They set a “neutral” rating on the stock. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $77.00.

In other Ryder System news, insider Dennis C. Cooke sold 9,650 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $72.75, for a total value of $702,037.50. Following the sale, the insider now directly owns 2,883 shares of the company’s stock, valued at $209,738.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert E. Sanchez sold 26,275 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $72.43, for a total transaction of $1,903,098.25. Following the completion of the transaction, the chief executive officer now owns 107,237 shares of the company’s stock, valued at approximately $7,767,175.91. The disclosure for this sale can be found here. 1.95% of the stock is owned by insiders.

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 leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally 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.

Institutional Ownership by Quarter for Ryder System (NYSE:R)

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