TLP Group LLC boosted its position in shares of Ryder System, Inc. (NYSE:R) by 82.3% during the 1st quarter, Holdings Channel reports. The firm owned 7,307 shares of the transportation company’s stock after purchasing an additional 3,298 shares during the period. Ryder System makes up about 0.4% of TLP Group LLC’s holdings, making the stock its 22nd biggest holding. TLP Group LLC’s holdings in Ryder System were worth $532,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. AXA bought a new position in Ryder System during the 4th quarter valued at about $1,995,000. Cambridge Investment Research Advisors Inc. lifted its stake in Ryder System by 12.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,929 shares of the transportation company’s stock valued at $667,000 after acquiring an additional 898 shares during the period. Teachers Advisors LLC lifted its stake in Ryder System by 31.1% during the 4th quarter. Teachers Advisors LLC now owns 165,256 shares of the transportation company’s stock valued at $13,910,000 after acquiring an additional 39,236 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Ryder System by 46.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,854 shares of the transportation company’s stock valued at $240,000 after acquiring an additional 901 shares during the period. Finally, MetLife Investment Advisors LLC bought a new position in Ryder System during the 4th quarter valued at about $2,820,000. 91.05% of the stock is currently owned by institutional investors.
Ryder System traded up $0.52, hitting $70.91, during midday trading on Thursday, MarketBeat Ratings reports. The stock had a trading volume of 2,326 shares, compared to its average volume of 593,481. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 15.61, a P/E/G ratio of 0.84 and a beta of 1.46. Ryder System, Inc. has a 52-week low of $65.65 and a 52-week high of $90.26. The company has a current ratio of 0.72, a quick ratio of 0.68 and a debt-to-equity ratio of 1.75.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Monday, May 21st will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.93%. The ex-dividend date is Friday, May 18th. Ryder System’s dividend payout ratio is 45.92%.
In other Ryder System news, Director Luis P. Nieto, Jr. sold 1,990 shares of the stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of $67.93, for a total transaction of $135,180.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director E Follin Smith sold 988 shares of the stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $68.41, for a total transaction of $67,589.08. Following the sale, the director now directly owns 28,698 shares of the company’s stock, valued at $1,963,230.18. The disclosure for this sale can be found here. Corporate insiders own 2.27% of the company’s stock.
Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Ryder System from a “neutral” rating to an “underweight” rating in a research note on Thursday, April 5th. Zacks Investment Research cut shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Buckingham Research reiterated a “buy” rating and issued a $90.00 price objective (down previously from $101.00) on shares of Ryder System in a research note on Tuesday, February 20th. Goldman Sachs Group assumed coverage on shares of Ryder System in a research note on Tuesday, April 10th. They issued a “neutral” rating and a $73.00 price objective on the stock. Finally, KeyCorp reiterated an “overweight” rating and issued a $95.00 price objective (down previously from $100.00) on shares of Ryder System in a research note on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $84.75.
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 ancillary maintenance and fleet support services.
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