Pacer Advisors Inc. Makes New $1.23 Million Investment in Ryder System, Inc. (NYSE:R)

Pacer Advisors Inc. acquired a new position in shares of Ryder System, Inc. (NYSE:R) during the second quarter, HoldingsChannel.com reports. The fund acquired 21,139 shares of the transportation company’s stock, valued at approximately $1,232,000.

Other large investors have also added to or reduced their stakes in the company. Retirement Systems of Alabama increased its holdings in Ryder System by 0.3% in the second quarter. Retirement Systems of Alabama now owns 69,328 shares of the transportation company’s stock valued at $4,042,000 after buying an additional 183 shares during the last quarter. Nordea Investment Management AB increased its holdings in Ryder System by 3.8% in the first quarter. Nordea Investment Management AB now owns 67,335 shares of the transportation company’s stock valued at $4,173,000 after buying an additional 2,434 shares during the last quarter. Rothschild & Co. Asset Management US Inc. increased its holdings in Ryder System by 3.8% in the first quarter. Rothschild & Co. Asset Management US Inc. now owns 309,203 shares of the transportation company’s stock valued at $19,167,000 after buying an additional 11,386 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Ryder System in the first quarter valued at about $510,000. Finally, Allstate Corp bought a new stake in Ryder System in the first quarter valued at about $207,000. Institutional investors and hedge funds own 88.63% of the company’s stock.

In other news, Director Luis P. Nieto, Jr. sold 2,293 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $46.67, for a total transaction of $107,014.31. Following the completion of the transaction, the director now directly owns 23,757 shares of the company’s stock, valued at $1,108,739.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is currently owned by corporate insiders.



Several analysts recently weighed in on R shares. TheStreet lowered Ryder System from a “b-” rating to a “c+” rating in a report on Thursday, May 30th. Loop Capital lowered Ryder System from a “buy” rating to a “hold” rating and lowered their price objective for the company from $70.00 to $62.00 in a report on Tuesday, July 2nd. SunTrust Banks lowered their price objective on Ryder System to $65.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. ValuEngine lowered Ryder System from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 31st. Finally, KeyCorp lowered their price objective on Ryder System from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $71.57.

Shares of NYSE:R traded up $0.47 during trading on Friday, hitting $53.72. 8,736 shares of the company traded hands, compared to its average volume of 458,970. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 9.25 and a beta of 1.83. The business’s fifty day moving average is $50.23 and its 200-day moving average is $57.12. Ryder System, Inc. has a one year low of $44.80 and a one year high of $79.95. The company has a quick ratio of 0.56, a current ratio of 0.59 and a debt-to-equity ratio of 2.54.

Ryder System (NYSE:R) last posted its earnings results on Tuesday, July 30th. The transportation company reported $1.40 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.40. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.25 billion. Ryder System had a return on equity of 11.46% and a net margin of 3.60%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.42 earnings per share. On average, analysts forecast that Ryder System, Inc. will post 5.64 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.56 per share. The ex-dividend date is Friday, August 16th. This is a positive change from Ryder System’s previous quarterly dividend of $0.54. This represents a $2.24 annualized dividend and a dividend yield of 4.17%. Ryder System’s dividend payout ratio is 38.69%.

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

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