Susquehanna Fundamental Investments LLC Acquires Shares of 27,400 Ryder System, Inc. (R)

Susquehanna Fundamental Investments LLC acquired a new stake in Ryder System, Inc. (NYSE:R) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 27,400 shares of the transportation company’s stock, valued at approximately $1,994,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Adviser Investments LLC bought a new position in Ryder System during the first quarter worth about $109,000. Bessemer Group Inc. grew its holdings in Ryder System by 369.7% during the fourth quarter. Bessemer Group Inc. now owns 1,832 shares of the transportation company’s stock worth $154,000 after purchasing an additional 1,442 shares during the period. Loews Corp bought a new position in Ryder System during the fourth quarter worth about $210,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Ryder System by 46.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,854 shares of the transportation company’s stock worth $240,000 after purchasing an additional 901 shares during the period. Finally, Alambic Investment Management L.P. grew its holdings in Ryder System by 40.0% during the first quarter. Alambic Investment Management L.P. now owns 3,500 shares of the transportation company’s stock worth $255,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 91.05% of the company’s stock.

In other news, Director E Follin Smith sold 988 shares of Ryder System stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $68.41, for a total value of $67,589.08. Following the completion of the sale, the director now directly owns 28,698 shares in the company, valued at $1,963,230.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Luis P. Nieto, Jr. sold 1,990 shares of Ryder System 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 disclosure for this sale can be found here. 2.27% of the stock is currently owned by insiders.

A number of brokerages have recently issued reports on R. KeyCorp restated an “overweight” rating and set a $95.00 price objective (down previously from $100.00) on shares of Ryder System in a report on Tuesday, February 20th. JPMorgan Chase & Co. restated a “neutral” rating and set a $73.00 price objective (down previously from $94.00) on shares of Ryder System in a report on Tuesday, February 20th. Buckingham Research restated a “buy” rating and set a $90.00 price objective (down previously from $101.00) on shares of Ryder System in a report on Tuesday, February 20th. Zacks Investment Research cut Ryder System from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Finally, Stifel Nicolaus restated a “hold” rating on shares of Ryder System in a report on Friday, February 23rd. Two research 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’s stock. Ryder System has a consensus rating of “Hold” and a consensus price target of $84.75.

Ryder System opened at $70.39 on Thursday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.72 and a quick ratio of 0.68. Ryder System, Inc. has a 1-year low of $65.65 and a 1-year high of $90.26. The company has a market capitalization of $3.77 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 0.84 and a beta of 1.46.

Ryder System (NYSE:R) last released its quarterly earnings results on Tuesday, April 24th. The transportation company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Ryder System had a net margin of 10.50% and a return on equity of 9.82%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. sell-side analysts anticipate that Ryder System, Inc. will post 5.63 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Monday, May 21st will be given a $0.52 dividend. The ex-dividend date of this dividend is Friday, May 18th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.95%. Ryder System’s payout ratio is 45.92%.

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 ancillary maintenance and fleet support services.

Want to see what other hedge funds are holding R? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryder System, Inc. (NYSE:R).

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

Receive News & Ratings for Ryder System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply