California State Teachers Retirement System lowered its position in shares of Ryder System, Inc. (NYSE:R) by 1.6% in the first quarter, HoldingsChannel reports. The firm owned 86,827 shares of the transportation company’s stock after selling 1,418 shares during the quarter. California State Teachers Retirement System’s holdings in Ryder System were worth $5,382,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of R. BlackRock Inc. boosted its stake in Ryder System by 7.8% in the fourth quarter. BlackRock Inc. now owns 6,570,551 shares of the transportation company’s stock valued at $316,370,000 after acquiring an additional 475,667 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Ryder System by 21.0% in the fourth quarter. Pzena Investment Management LLC now owns 2,671,612 shares of the transportation company’s stock valued at $128,638,000 after acquiring an additional 463,706 shares in the last quarter. LSV Asset Management boosted its stake in Ryder System by 5.8% in the first quarter. LSV Asset Management now owns 2,051,043 shares of the transportation company’s stock valued at $127,144,000 after acquiring an additional 112,431 shares in the last quarter. Deprince Race & Zollo Inc. boosted its stake in Ryder System by 84.1% in the first quarter. Deprince Race & Zollo Inc. now owns 852,176 shares of the transportation company’s stock valued at $52,826,000 after acquiring an additional 389,263 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Ryder System by 9.4% in the fourth quarter. Bank of New York Mellon Corp now owns 787,436 shares of the transportation company’s stock valued at $37,916,000 after acquiring an additional 67,630 shares in the last quarter. Hedge funds and other institutional investors own 87.85% of the company’s stock.
A number of equities research analysts have recently commented on R shares. Zacks Investment Research raised shares of Ryder System from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. TheStreet cut shares of Ryder System from a “b-” rating to a “c+” rating in a report on Thursday, May 30th. Finally, ValuEngine raised shares of Ryder System from a “strong sell” rating to a “sell” rating in a report on Thursday, February 14th. 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 currently has a consensus rating of “Buy” and an average target price of $76.89.
Shares of NYSE:R opened at $56.05 on Thursday. Ryder System, Inc. has a one year low of $44.80 and a one year high of $79.95. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.57 and a quick ratio of 0.54. The stock has a market capitalization of $2.84 billion, a PE ratio of 9.68 and a beta of 1.77.
Ryder System (NYSE:R) last announced its earnings results on Tuesday, April 30th. The transportation company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.12. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Ryder System had a net margin of 3.28% and a return on equity of 11.26%. The business’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 earnings per share. As a group, sell-side analysts predict that Ryder System, Inc. will post 6.18 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Monday, May 20th will be issued a dividend of $0.54 per share. The ex-dividend date is Friday, May 17th. This represents a $2.16 annualized dividend and a yield of 3.85%. Ryder System’s dividend payout ratio is currently 37.31%.
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About Ryder System
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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