Ryder System, Inc. (NYSE:R) Shares Sold by Meadow Creek Investment Management LLC
Meadow Creek Investment Management LLC cut its position in Ryder System, Inc. (NYSE:R) by 4.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,928 shares of the transportation company’s stock after selling 4,336 shares during the period. Meadow Creek Investment Management LLC owned 0.16% of Ryder System worth $5,068,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Pzena Investment Management LLC lifted its position in Ryder System by 7.8% in the second quarter. Pzena Investment Management LLC now owns 2,341,136 shares of the transportation company’s stock valued at $136,488,000 after acquiring an additional 169,329 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Ryder System by 5.8% in the 1st quarter. LSV Asset Management now owns 2,051,043 shares of the transportation company’s stock valued at $127,144,000 after purchasing an additional 112,431 shares during the last quarter. FMR LLC boosted its position in shares of Ryder System by 574.2% in the 1st quarter. FMR LLC now owns 583,279 shares of the transportation company’s stock valued at $36,157,000 after purchasing an additional 496,769 shares during the period. Copeland Capital Management LLC boosted its position in shares of Ryder System by 20.5% in the 2nd quarter. Copeland Capital Management LLC now owns 546,268 shares of the transportation company’s stock valued at $31,847,000 after purchasing an additional 93,017 shares during the period. Finally, Westfield Capital Management Co. LP grew its stake in Ryder System by 26.4% during the 1st quarter. Westfield Capital Management Co. LP now owns 531,993 shares of the transportation company’s stock worth $32,978,000 after buying an additional 111,030 shares during the last quarter. 88.63% of the stock is currently owned by institutional investors.
R traded up $0.02 on Wednesday, hitting $54.00. 236,313 shares of the company traded hands, compared to its average volume of 452,221. Ryder System, Inc. has a 12-month low of $44.80 and a 12-month high of $79.95. The company has a 50 day moving average of $50.31 and a 200-day moving average of $57.16. The company has a quick ratio of 0.56, a current ratio of 0.59 and a debt-to-equity ratio of 2.54. The stock has a market capitalization of $2.86 billion, a PE ratio of 9.33 and a beta of 1.83.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 16th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, August 16th. This is an increase from Ryder System’s previous quarterly dividend of $0.54. This represents a $2.24 annualized dividend and a dividend yield of 4.15%. Ryder System’s dividend payout ratio (DPR) is currently 38.69%.
In other news, Director Luis P. Nieto, Jr. sold 2,293 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $46.67, for a total transaction of $107,014.31. Following the transaction, the director now directly owns 23,757 shares in the company, valued at $1,108,739.19. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.80% of the company’s stock.
Several research analysts have commented on R shares. TheStreet lowered Ryder System from a “b-” rating to a “c+” rating in a research report on Thursday, May 30th. SunTrust Banks decreased their price objective on Ryder System to $65.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Loop Capital lowered shares of Ryder System from a “buy” rating to a “hold” rating and lowered their target price for the stock from $70.00 to $62.00 in a research report on Tuesday, July 2nd. ValuEngine cut shares of Ryder System from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 31st. Finally, KeyCorp reduced their price target on shares of Ryder System from $80.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $71.57.
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 fleet support services.
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