LSV Asset Management increased its stake in shares of Ryder System, Inc. (NYSE:R) by 313.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 2,268,976 shares of the company’s stock after buying an additional 1,720,119 shares during the period. LSV Asset Management owned approximately 4.24% of Ryder System worth $149,638,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in R. Vanguard Group Inc. boosted its stake in shares of Ryder System by 2.8% in the second quarter. Vanguard Group Inc. now owns 5,078,018 shares of the company’s stock valued at $310,470,000 after buying an additional 139,673 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Ryder System by 17.7% in the third quarter. Wells Fargo & Company MN now owns 1,704,065 shares of the company’s stock valued at $112,384,000 after buying an additional 255,755 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Ryder System by 8.7% in the third quarter. Neuberger Berman Group LLC now owns 447,758 shares of the company’s stock valued at $29,530,000 after buying an additional 35,962 shares in the last quarter. Strs Ohio bought a new stake in shares of Ryder System during the third quarter valued at $23,082,000. Finally, Westfield Capital Management Co. LP bought a new stake in shares of Ryder System during the second quarter valued at $21,089,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.
Shares of Ryder System, Inc. (NYSE:R) opened at 74.01 on Friday. The stock’s 50 day moving average price is $76.05 and its 200-day moving average price is $70.97. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 13.63 and a beta of 1.27. Ryder System, Inc. has a 1-year low of $51.11 and a 1-year high of $85.42.
Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, February 2nd. The company reported $1.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by $0.35. The company earned $1.73 billion during the quarter, compared to the consensus estimate of $1.71 billion. Ryder System had a return on equity of 14.10% and a net margin of 3.87%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.72 earnings per share. On average, equities research analysts forecast that Ryder System, Inc. will post $5.77 earnings per share for the current year.
R has been the topic of several research analyst reports. KeyCorp restated a “hold” rating on shares of Ryder System in a research report on Sunday, October 9th. Aegis began coverage on Ryder System in a research note on Monday, October 24th. They issued a “buy” rating and a $77.00 target price for the company. Wolfe Research lowered Ryder System from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 15th. Zacks Investment Research lowered Ryder System from a “hold” rating to a “sell” rating in a research note on Wednesday, January 18th. Finally, Stifel Nicolaus lowered Ryder System from a “buy” rating to a “hold” rating and set a $75.00 target price for the company. in a research note on Tuesday, November 15th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Ryder System presently has an average rating of “Hold” and a consensus target price of $73.20.
In other news, insider Dennis C. Cooke sold 6,000 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $79.27, for a total value of $475,620.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert D. Fatovic sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $76.14, for a total value of $1,142,100.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,978 shares of company stock valued at $1,695,129. Corporate insiders own 1.60% of the company’s stock.
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 full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to customers 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.
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