Flinton Capital Management LLC grew its position in shares of Ryder System, Inc. (NYSE:R) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,478 shares of the transportation company’s stock after buying an additional 1,428 shares during the period. Flinton Capital Management LLC owned about 0.18% of Ryder System worth $8,205,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in R. BlackRock Inc. lifted its holdings in Ryder System by 17.1% during the 4th quarter. BlackRock Inc. now owns 5,870,993 shares of the transportation company’s stock worth $494,161,000 after buying an additional 855,742 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Ryder System by 145.2% during the 4th quarter. Pzena Investment Management LLC now owns 1,380,890 shares of the transportation company’s stock worth $116,230,000 after purchasing an additional 817,610 shares during the period. Impala Asset Management LLC acquired a new stake in shares of Ryder System during the 3rd quarter worth approximately $23,404,000. Cornerstone Capital Management Holdings LLC. raised its position in shares of Ryder System by 208.0% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 356,907 shares of the transportation company’s stock worth $30,175,000 after purchasing an additional 241,018 shares during the period. Finally, Schroder Investment Management Group raised its position in shares of Ryder System by 22.6% during the 3rd quarter. Schroder Investment Management Group now owns 1,073,478 shares of the transportation company’s stock worth $90,182,000 after purchasing an additional 198,098 shares during the period. 93.38% of the stock is currently owned by institutional investors.
A number of analysts have recently weighed in on the company. Stifel Nicolaus reiterated a “hold” rating on shares of Ryder System in a research report on Friday, February 23rd. Zacks Investment Research upgraded Ryder System from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Seaport Global Securities reiterated a “hold” rating on shares of Ryder System in a research report on Friday, February 23rd. KeyCorp reiterated an “overweight” rating and set a $95.00 price target (down from $100.00) on shares of Ryder System in a research report on Tuesday, February 20th. Finally, Buckingham Research reiterated a “buy” rating and set a $90.00 price target (down from $101.00) on shares of Ryder System in a research report on Tuesday, February 20th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $88.00.
Ryder System (NYSE:R) last posted its earnings results on Friday, February 16th. The transportation company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.36 by $0.01. Ryder System had a return on equity of 10.47% and a net margin of 10.78%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the firm earned $1.07 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. equities analysts anticipate that Ryder System, Inc. will post 5.59 earnings per share for the current year.
Ryder System declared that its Board of Directors has initiated a stock repurchase plan on Thursday, December 14th that permits the company to buyback 1,500,000 outstanding shares. This buyback authorization permits the transportation company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Tuesday, February 20th will be given a $0.52 dividend. This is a boost from Ryder System’s previous quarterly dividend of $0.46. This represents a $2.08 annualized dividend and a yield of 2.73%. The ex-dividend date is Friday, February 16th. Ryder System’s dividend payout ratio (DPR) is currently 13.97%.
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.
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