Nisa Investment Advisors LLC Reduces Its Stake in Ryder System, Inc. (NYSE:R)


Nisa Investment Advisors LLC reduced its stake in shares of Ryder System, Inc. (NYSE: RGet a rating) by 2.2% in the first quarter, according to its most recent Form 13F filed with the Securities & Exchange Commission. The institutional investor owned 14,397 shares of the transportation company after selling 320 shares during the period. Nisa Investment Advisors LLC’s holdings in Ryder System were worth $1,142,000 when it last filed with the Securities & Exchange Commission.

Other institutional investors and hedge funds also changed their stakes in the company. HG Vora Capital Management LLC increased its stake in Ryder System by 130.8% during the 4th quarter. HG Vora Capital Management LLC now owns 3,000,000 shares of the transportation company valued at $247,290,000 after acquiring an additional 1,700,000 shares in the last quarter. LSV Asset Management increased its stake in Ryder System by 225.2% during the 4th quarter. LSV Asset Management now owns 969,639 shares of the transportation company valued at $79,927,000 after acquiring an additional 671,489 shares last quarter. Millennium Management LLC acquired a new stake in Ryder System during Q4, valued at approximately $34,731,000. Allspring Global Investments Holdings LLC acquired a new stake in Ryder System during Q4, valued at approximately $13,996,000. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in Ryder System by 70.4% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 375,800 shares of the transport company valued at $30,650,000 after acquiring an additional 155,200 shares last quarter. Hedge funds and other institutional investors hold 87.24% of the company’s shares.

Ryder System Price Performance

Ryder System stock opened at $74.61 on Friday. The company has a market capitalization of $3.82 billion, a PE ratio of 6.20 and a beta of 1.73. Ryder System, Inc. has a 52-week low of $61.71 and a 52-week high of $93.05. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt ratio of 1.97. The company’s 50-day moving average is $75.62 and its two-hundred-day moving average is $75.17.

Ryder system (NYSE:RGet a rating) last reported results on Wednesday, April 27. The transportation company reported earnings per share (EPS) of $3.59 for the quarter, beating analyst consensus estimates of $2.38 from $1.21. The company posted revenue of $2.85 billion for the quarter, versus analyst estimates of $2.57 billion. Ryder System had a net margin of 6.25% and a return on equity of 24.86%. The company’s quarterly revenue increased 28.4% year over year. During the same period of the previous year, the company achieved EPS of $1.09. On average, research analysts expect Ryder System, Inc. to post EPS of 14.48 for the current fiscal year.

The Ryder system increases its dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 16. Shareholders of record on Monday August 22 will receive a dividend of $0.62 per share. The ex-dividend date is Friday, August 19. This is a positive change from Ryder System’s previous quarterly dividend of $0.58. This represents a dividend of $2.48 on an annualized basis and a yield of 3.32%. Ryder System’s dividend payout ratio is 19.27%.

Wall Street analysts predict growth

Several research firms weighed in on R. Wells Fargo & Company raised its target price on Ryder System shares from $68.00 to $81.00 and gave the company an “equal weight” rating in a report Monday, June 6. Wolfe Research upgraded Ryder System shares from an “underperforming” rating to a “peer performing” rating in a Monday, June 6 report. JPMorgan Chase & Co. lowered its price target on Ryder System shares from $88.00 to $71.00 and set a “neutral” rating on the stock in a Friday, April 8 report. StockNews.com downgraded shares of Ryder System from a “strong buy” rating to a “buy” rating in a Monday, April 4, report. Finally, Stifel Nicolaus raised his price target on Ryder System shares from $80.00 to $90.00 in a Monday, June 6 report. Five equity research analysts gave the stock a hold rating and two gave the stock a buy rating. According to MarketBeat, Ryder System currently has an average rating of “Hold” and a consensus price target of $87.67.

Insider Buying and Selling at Ryder System

In other Ryder System news, Director Luis P. Nieto, Jr. sold 2,220 shares in a trade that took place on Monday, May 9. The shares were sold at an average price of $73.28, for a total value of $162,681.60. Following the sale, the director now directly owns 26,939 shares of the company, valued at approximately $1,974,089.92. The sale was disclosed in a legal filing with the SEC, available at the SEC website. In other Ryder System news, CMO Karen M. Jones sold 7,269 shares in a trade that took place on Wednesday, May 4. The shares were sold at an average price of $73.63, for a total value of $535,216.47. Following the sale, the marketing director now directly owns 6,963 shares of the company, valued at approximately $512,685.69. The sale was disclosed in a legal filing with the SEC, available at the SEC website. Additionally, director Luis P. Nieto, Jr. sold 2,220 shares in a trade that took place on Monday, May 9. The shares were sold at an average price of $73.28, for a total transaction of $162,681.60. Following the completion of the sale, the administrator now directly owns 26,939 shares of the company, valued at $1,974,089.92. Disclosure of this sale can be found here. Insiders hold 3.50% of the shares of the company.

Ryder System Profile

(Get a rating)

Ryder System, Inc operates as a worldwide logistics and transportation company. The Company operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS) and Dedicated Transport Solutions (DTS). The FMS segment offers comprehensive rental and rental services with flexible maintenance options, as well as maintenance services, supplies and related equipment for vehicle operation; commercial vehicle rental services; and contract or transactional maintenance services for trucks, tractors and trailers, as well as fleet support services.

Read more

Want to see which other hedge funds hold R? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Ryder System, Inc. (NYSE: RGet a rating).

Institutional ownership by quarter for Ryder System (NYSE:R)



Get news and reviews for Ryder System Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Ryder System and related companies with MarketBeat.com’s FREE daily email newsletter.

Comments are closed.