Dynamic Technology Lab Private Ltd Takes $510,000 Position in Ryder System, Inc. (NYSE:R)

Dynamic Technology Lab Private Ltd bought a new position in shares of Ryder System, Inc. (NYSE:R) during the first quarter, HoldingsChannel reports. The institutional investor bought 8,225 shares of the transportation company’s stock, valued at approximately $510,000.

Several other large investors have also modified their holdings of R. Principal Financial Group Inc. grew its position in Ryder System by 0.7% in the 1st quarter. Principal Financial Group Inc. now owns 234,741 shares of the transportation company’s stock valued at $14,551,000 after buying an additional 1,641 shares in the last quarter. AlphaCrest Capital Management LLC bought a new position in Ryder System in the 1st quarter valued at about $415,000. Rockefeller Capital Management L.P. bought a new position in Ryder System in the 1st quarter valued at about $30,000. Xact Kapitalforvaltning AB grew its position in Ryder System by 54.3% in the 1st quarter. Xact Kapitalforvaltning AB now owns 15,630 shares of the transportation company’s stock valued at $969,000 after buying an additional 5,500 shares in the last quarter. Finally, PARK CIRCLE Co bought a new position in Ryder System in the 1st quarter valued at about $1,240,000. 87.85% of the stock is currently owned by institutional investors.

Shares of NYSE R opened at $56.05 on Thursday. Ryder System, Inc. has a twelve month low of $44.80 and a twelve month high of $79.95. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.57 and a quick ratio of 0.54. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 9.68 and a beta of 1.77.

Ryder System (NYSE:R) last issued its quarterly earnings results on Tuesday, April 30th. The transportation company reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.12. Ryder System had a net margin of 3.28% and a return on equity of 11.26%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the prior year, the company earned $0.91 EPS. Ryder System’s revenue was up 14.5% on a year-over-year basis. On average, equities research analysts forecast that Ryder System, Inc. will post 6.18 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Monday, May 20th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Friday, May 17th. Ryder System’s dividend payout ratio is presently 37.31%.

In other Ryder System news, Director E Follin Smith sold 1,138 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $62.82, for a total transaction of $71,489.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Karen M. Jones sold 1,767 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $52.21, for a total transaction of $92,255.07. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by corporate insiders.

A number of equities analysts recently issued reports on R shares. TheStreet lowered shares of Ryder System from a “b-” rating to a “c+” rating in a research report on Thursday, May 30th. ValuEngine raised shares of Ryder System from a “strong sell” rating to a “sell” rating in a report on Thursday, February 14th. Finally, Zacks Investment Research downgraded shares of Ryder System from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $76.89.

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About Ryder System

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 fleet support services.

See Also: Stock Split

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Institutional Ownership by Quarter for Ryder System (NYSE:R)

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