Truist Monetary Corp grew its stake in Ryder System, Inc. (NYSE:R – Free Report) by 0.6% within the 2nd quarter, HoldingsChannel studies. The institutional investor owned 14,303 shares of the transportation firm’s inventory after shopping for a further 90 shares throughout the interval. Truist Monetary Corp’s holdings in Ryder System have been price $1,772,000 on the finish of the latest quarter.
Different hedge funds additionally not too long ago made adjustments to their positions within the firm. Vanguard Group Inc. lifted its holdings in Ryder System by 2.1% within the first quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation firm’s inventory valued at $627,800,000 after shopping for a further 109,930 shares throughout the interval. Wellington Administration Group LLP lifted its stake in shares of Ryder System by 34.9% within the 4th quarter. Wellington Administration Group LLP now owns 3,442,545 shares of the transportation firm’s inventory valued at $396,099,000 after buying a further 890,986 shares throughout the interval. Earnest Companions LLC boosted its place in shares of Ryder System by 3.4% throughout the 2nd quarter. Earnest Companions LLC now owns 1,915,544 shares of the transportation firm’s inventory valued at $237,298,000 after buying a further 62,815 shares within the final quarter. Dimensional Fund Advisors LP grew its stake in Ryder System by 1.9% throughout the second quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation firm’s inventory price $213,345,000 after buying a further 31,550 shares throughout the interval. Lastly, American Century Corporations Inc. elevated its holdings in Ryder System by 1.9% within the second quarter. American Century Corporations Inc. now owns 890,877 shares of the transportation firm’s inventory price $110,362,000 after buying a further 17,009 shares within the final quarter. 87.47% of the inventory is presently owned by institutional buyers.
Insider Exercise at Ryder System
In associated information, EVP Francisco Jr. Lopez bought 12,730 shares of Ryder System inventory in a transaction on Thursday, August 1st. The inventory was bought at a median worth of $139.32, for a complete transaction of $1,773,543.60. Following the sale, the manager vice chairman now straight owns 47,779 shares within the firm, valued at roughly $6,656,570.28. This commerce represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a authorized submitting with the SEC, which might be accessed by this hyperlink. 5.10% of the inventory is owned by insiders.
Ryder System Value Efficiency
Shares of NYSE R opened at $150.72 on Friday. The corporate has a debt-to-equity ratio of two.09, a fast ratio of 0.74 and a present ratio of 0.74. The agency’s 50-day easy transferring common is $140.31 and its 200 day easy transferring common is $129.00. The inventory has a market cap of $6.52 billion, a price-to-earnings ratio of 13.80 and a beta of 1.28. Ryder System, Inc. has a fifty-two week low of $91.31 and a fifty-two week excessive of $150.95.
Ryder System (NYSE:R – Get Free Report) final introduced its earnings outcomes on Thursday, July twenty fifth. The transportation firm reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.13. The corporate had income of $3.18 billion for the quarter, in comparison with analysts’ expectations of $3.24 billion. Ryder System had a return on fairness of 17.22% and a web margin of 4.06%. Ryder System’s quarterly income was up 10.3% on a year-over-year foundation. Throughout the identical quarter within the earlier yr, the agency earned $3.61 earnings per share. As a bunch, analysis analysts anticipate that Ryder System, Inc. will submit 12.2 earnings per share for the present fiscal yr.
Ryder System Broadcasts Dividend
The corporate additionally not too long ago introduced a quarterly dividend, which will probably be paid on Friday, December twentieth. Stockholders of document on Monday, November 18th will probably be issued a $0.81 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 annualized dividend and a dividend yield of two.15%. Ryder System’s dividend payout ratio is presently 29.67%.
Wall Road Analysts Forecast Development
A number of brokerages have not too long ago commented on R. JPMorgan Chase & Co. diminished their worth goal on shares of Ryder System from $126.00 to $125.00 and set a “impartial” ranking for the corporate in a analysis report on Tuesday, July ninth. Morgan Stanley began protection on shares of Ryder System in a report on Monday, June twenty fourth. They issued an “chubby” ranking and a $165.00 worth goal for the corporate. Vertical Analysis upgraded shares of Ryder System from a “maintain” ranking to a “purchase” ranking and upped their worth goal for the corporate from $125.00 to $145.00 in a report on Friday, June 14th. StockNews.com downgraded Ryder System from a “purchase” ranking to a “maintain” ranking in a analysis word on Monday, October seventh. Lastly, Stephens assumed protection on Ryder System in a analysis word on Monday, July eighth. They set an “equal weight” ranking on the inventory. 4 analysts have rated the inventory with a maintain ranking and 4 have issued a purchase ranking to the corporate. In keeping with MarketBeat.com, the corporate presently has a median ranking of “Reasonable Purchase” and a consensus goal worth of $137.86.
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About Ryder System
Ryder System, Inc operates as a logistics and transportation firm worldwide. It operates by three segments: Fleet Administration Options (FMS), Provide Chain Options (SCS), and Devoted Transportation Options (DTS). The FMS section presents full-service leasing and leasing with versatile upkeep choices; industrial car rental providers; and contract or transactional upkeep providers of vehicles, tractors, and trailers; entry to diesel gas; and gas planning and tax reporting, playing cards, and monitoring providers, and centralized billing, in addition to sells used automobiles by its retail gross sales facilities and www.ryder.com/used-trucks web site, in addition to digital and know-how help providers.
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